Key Quantitative Figures

Financial Results for Quarter Ended June 30, 2026:

  • Standalone Net Profit: ₹16.74 crore
  • Consolidated Net Profit: ₹19.65 crore
  • Standalone Total Revenue: ₹1,170.10 crore
  • Consolidated Total Revenue: ₹1,170.10 crore
  • Standalone EPS (Basic & Diluted): ₹3.55
  • Consolidated EPS (Basic): ₹4.17, (Diluted): ₹4.16

Segment-wise Revenue (Standalone):

  • Yarn: ₹992.94 crore
  • Fabric: ₹283.42 crore
  • Total Segment Revenue: ₹1,276.36 crore
  • Inter-segment Revenue: ₹115.12 crore
  • Net Sales/Income from Operations: ₹1,161.24 crore

Project Cost:

  • Denim Garment Facility: ₹186.30 crores

Warrant Allotment:

  • 24,70,000 convertible warrants allotted to LNJ Textiles Advisory LLP (Promoter Group)
  • Issue price: ₹146 per warrant (including premium of ₹136 per warrant)
  • 25% received: ₹9.02 crore

Dates of Action

  • Board Meeting: August 5, 2026 (2:00 PM to 4:15 PM)
  • Quarter Ended: June 30, 2026
  • Warrant Allotment: During quarter ended June 30, 2026
  • EGM Approval: May 8, 2026
  • Board Approval for Warrants: June 9, 2026

Parties Involved

  • Statutory Auditors: Lodha & Co LLP
  • Joint Venture Partner: NDS9 Private Limited
  • New Subsidiary: LNJ NDS9 Global Private Limited (proposed)
  • Promoter Group: LNJ Textiles Advisory LLP
  • Subsidiaries: BG Wind Power Limited, LNJ Greenpet Private Limited (w.e.f January 21, 2026)
  • Associate: LNJ Skills & Rozgar Private Limited

Purpose/Rationale

  • Denim garment facility: "To move up the value chain" and "offer full package to customers and cater to international/domestic brands of garment"
  • Warrant allotment: Fundraising through convertible instruments

Financial Impact

Denim JV Project Funding:

  • Proposed equity contribution: 30% (may vary)
  • Proposed term loans: 70% (may vary as per lender stipulation)

Warrant Conversion:

  • Each warrant convertible into one equity share of face value ₹10
  • Balance 75% payment required within 18 months from allotment date

Capital Structure Impact

  • Potential equity dilution upon conversion of 24,70,000 warrants
  • New subsidiary formation will expand corporate structure

Other Comprehensive Income

  • Standalone: Unrealized loss on fair valuation of equity investments amounting to ₹3.85 crore (previous period gain of ₹4.24 crore)

Auditor Qualifications

  • Limited review conducted, not audit
  • Other auditors reviewed subsidiaries with total revenue of ₹6.55 crores and net profit of ₹1.93 crores
  • Associate share of net profit: ₹0.02 crores