Board Meeting Details

The Board Meeting commenced at 6:07 p.m. and concluded at 9:00 p.m. on November 12, 2026.

Key Board Approvals and Updates

The Board of Directors approved/took note of the following matters:

1. Financial Results: Approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report under Regulation 33 of the SEBI LODR.

2. Director Appointment: Appointment of Shri. Siddharth S. Thacker (DIN: 07282347) as an Additional Director and Independent Director for a period of five years, from November 12, 2026, to November 11, 2031, subject to member approval.

3. Management Cessation: Cessation of Shri. Rishabh Viraj Shah as the President of the Company effective November 12, 2026.

4. Director Re-appointment: Appointment of Shri. Rishabh Viraj Shah (DIN: 08642518) as an Additional Director and Whole-time Director for a period of three years, from November 12, 2026, to November 11, 2029, subject to member approval.

5. Senior Management Appointment: Appointment of Shri. Sunil Kumar Tyagi as the Chief Operating Officer (designated as Senior Management Personnel) effective November 23, 2026.

Detailed information for items 2 to 5, as required under Regulation 30 read with SEBI Master Circular, is provided in Annexures A, B, C, and D, respectively.

Standalone Financial Performance (Q2 FY27)

Income Statement Highlights (All figures in ₹ lakhs):

  • Revenue from Operations: ₹10,496.17 (Q2 FY27) vs. ₹8,564.44 (Q2 FY26), a 22.6% increase.
  • Total Income: ₹18,780.20 (Q2 FY27) vs. ₹8,754.12 (Q2 FY26), a 114.5% increase.
  • Profit Before Tax (PBT): ₹6,963.59 (Q2 FY27) vs. ₹1,440.39 (Q2 FY26), a 383.5% increase.
  • Profit After Tax (PAT): ₹5,084.16 (Q2 FY27) vs. ₹1,099.07 (Q2 FY26), a 362.6% increase.
  • Earnings Per Share (EPS): ₹15.20 (Q2 FY27) vs. ₹3.29 (Q2 FY26).

Half-Yearly Performance (H1 FY27):

  • Revenue from Operations: ₹19,644.39 (H1 FY27) vs. ₹15,521.70 (H1 FY26), a 26.6% increase.
  • Total Income: ₹29,285.26 (H1 FY27) vs. ₹16,613.02 (H1 FY26), a 76.3% increase.
  • PBT: ₹8,595.67 (H1 FY27) vs. ₹3,071.02 (H1 FY26), a 179.9% increase.
  • PAT: ₹6,266.65 (H1 FY27) vs. ₹2,305.03 (H1 FY26), a 171.9% increase.
  • EPS: ₹18.74 (H1 FY27) vs. ₹6.89 (H1 FY26).

Key Notes on Financials:

  • Other income includes a profit on the sale of property of ₹7,794 lakh, related to the real estate business and included in segment results.
  • The reduction in profit in the textile segment is largely attributable to increased input costs. However, from September 10, 2026, cost increases have been passed on to customers.
  • The company has no associate/joint venture companies as of September 30, 2026.
  • The financial results were reviewed by the statutory auditors, CN K & Associates LLP, who issued an unmodified review opinion.

Segment-wise Performance (Standalone)

Revenue (Q2 FY27):

  • Textiles: ₹7,069.88 lakh
  • Real Estate and related: ₹3,426.29 lakh

Segment Results (Profit before tax and interest) (Q2 FY27):

  • Textiles: ₹64.71 lakh
  • Real Estate and related: ₹8,126.59 lakh (includes ₹7,794 lakh property sale profit)

Consolidated Financial Performance

Income Statement Highlights (All figures in ₹ lakhs, Q2 FY27):

  • Revenue from Operations: ₹10,496.17
  • Profit After Tax (PAT): ₹5,044.24
  • EPS: ₹15.08

The consolidated results include two wholly-owned subsidiaries, Ruby GreenTech T Private Limited and Ruby GreenTech K Private Limited, incorporated on March 18, 2026. The subsidiaries had total assets of ₹2,540.10 lakh as of September 30, 2026, and reported a net loss after tax of ₹39.93 lakh for Q2 FY27 and ₹52.31 lakh for H1 FY27.

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total Assets: ₹1,37,295.24 lakh (vs. ₹1,21,552.42 lakh as of March 31, 2026)
  • Total Equity: ₹72,887.60 lakh (vs. ₹67,436.75 lakh as of March 31, 2026)
  • Total Borrowings (Non-current + Current): ₹44,818.83 lakh (vs. ₹37,271.06 lakh as of March 31, 2026)

Cash Flow (Standalone, H1 FY27)

  • Net Cash from Operating Activities: ₹2,769.59 lakh
  • Net Cash from Investing Activities: (₹8,388.22) lakh (primarily due to purchases of investments offset by proceeds from property sale)
  • Net Cash from Financing Activities: ₹4,888.59 lakh (primarily from proceeds of borrowings)

Annexure Details

Annexure A: Appointment of Siddharth S. Thacker as Independent Director

  • Extensive legal professional, Partner at Mulla & Mulla and Craigie Blunt & Caroe.
  • Holds an LL.M. from New York University and an LL.B. from Government Law College, Mumbai.
  • No relationship with other directors. Not debarred from directorship.

Annexure B: Cessation of Rishabh Viraj Shah as President

  • Cessation effective November 12, 2026.

Annexure C: Appointment of Rishabh Viraj Shah as Whole-time Director

  • Associated with the company since January 2014. Son of Managing Director Viraj Shah.
  • Holds a Bachelor's in Accounting and Finance, an LL.B., and an LL.M. from UCLA.

Annexure D: Appointment of Sunil Kumar Tyagi as COO

  • Senior textile industry professional with over 35 years of experience.
  • Previously Executive Director at Donear Industries Limited.
  • Holds a Bachelor of Textile Technology from VJTI, Mumbai.

Compliance Officer

Anuradha Nishikant Tendulkar, Company Secretary and Compliance Officer (Membership No: A55173), signed the disclosure.