Board Meeting Details
- Meeting Date: 03rd November, 2026
- Commencement Time: 12:30 PM
- Conclusion Time: 5:00 PM
Financial Results Approval
The Board of Directors approved the following documents for the quarter and half year ended September 30, 2026:
- Unaudited financial results as recommended by the Audit Committee and reviewed by Statutory Auditors
- Statement of Assets & Liabilities for the half year ended September 2026
- Cash flow statement for the half year ended September 2026
- Certified copy of Limited Review Report on unaudited financial results for the quarter ended September 2026
Financial Performance Highlights (Quarter Ended September 30, 2026)
- Revenue from operations: ₹434.05 crore
- Other income: ₹4.82 crore
- Total income: ₹438.87 crore
- Purchases of stock-in-trade: ₹332.93 crore
- Employee benefit expense: ₹62.92 crore
- Finance costs: ₹8.89 crore
- Depreciation and amortization: ₹16.07 crore
- Other expenses: ₹58.21 crore
- Profit before tax: ₹41.45 crore
- Tax expense: ₹10.37 crore (Current tax: ₹11.10 crore, Deferred tax: -₹0.73 crore)
- Net profit: ₹31.08 crore
- Basic and diluted EPS: ₹2.11 per share (face value ₹2 each)
Half-Yearly Financial Performance (6 months ended September 30, 2026)
- Revenue from operations: ₹809.13 crore
- Other income: ₹10.51 crore
- Total income: ₹819.64 crore
- Profit before tax: ₹75.86 crore
- Tax expense: ₹19.13 crore
- Net profit: ₹56.73 crore
- Basic and diluted EPS: ₹3.85 per share
Balance Sheet Position (as at September 30, 2026)
- Total assets: ₹1,956.33 crore
- Inventories: ₹959.59 crore
- Cash and cash equivalents: ₹12.26 crore
- Bank balances (other): ₹236.32 crore
- Property, plant and equipment: ₹283.22 crore
- Right-of-use assets: ₹346.33 crore
- Equity share capital: ₹29.47 crore (face value ₹2 each)
- Other equity: ₹1,264.13 crore
- Total borrowings: ₹15.73 crore (Non-current: ₹12.16 crore, Current: ₹3.57 crore)
- Lease liabilities: ₹378.25 crore (Non-current: ₹360.48 crore, Current: ₹17.77 crore)
Cash Flow Statement (Half year ended September 30, 2026)
- Cash flow from operating activities: -₹29.74 crore
- Cash flow from investing activities: ₹75.11 crore
- Cash flow from financing activities: -₹52.49 crore
- Net change in cash: -₹7.12 crore
- Cash and cash equivalents at beginning: ₹19.38 crore
- Cash and cash equivalents at end: ₹12.26 crore
Board Resolution on IPO Funds Utilization
The Board reconsidered its previous resolution dated September 29, 2026 and resolved:
- To utilize the unutilized amount of ₹20.27 crore (part of funds earmarked for "setting up of warehouses" as per prospectus dated September 23, 2023) for the intended purpose of setting up warehouses
- To extend the timelines for the said utilization until September 30, 2027
IPO Proceeds Utilization Summary (as per Prospectus)
The utilization of IPO proceeds as of September 30, 2026:
- Towards Capital Expenditure (30 new stores, totaling 1,42,500 Sft): ₹282.43 crore utilized
- Towards Repayment or pre-payment of borrowings: ₹122.72 crore utilized
- Towards Capital Expenditure (2 warehouses): ₹5.13 crore utilized (₹20.27 crore unutilized)
- Towards General Corporate Purpose (GCP): ₹50.00 crore utilized
- Towards working capital requirements: ₹85.69 crore utilized
- Total utilized: ₹545.97 crore
Business and Segment Information
- The company is predominantly engaged in buying and selling of textile and textile articles as a Retailer
- Business activity falls within a single business segment with no separate reportable segments as per Ind AS 108
- No subsidiaries/associates/joint ventures as on September 30, 2026
Additional Information
- All decimals rounded off to two decimal points
- Previous period figures have been reclassified where necessary for comparability