Board Meeting Details

The Board of Directors meeting was held on Wednesday, 4th November, 2026, commencing at 10:17 AM and concluding at 12:15 PM. The meeting approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2026.

Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹1,03,020 (vs ₹77,592 in Q2 FY26) - 32.8% increase
  • Total Income: ₹1,03,638 (vs ₹77,542 in Q2 FY26)
  • Profit Before Tax: ₹6,585 (vs ₹3,487 in Q2 FY26) - 88.8% increase
  • Profit After Tax: ₹5,145 (vs ₹2,378 in Q2 FY26) - 116.4% increase
  • Total Comprehensive Income: ₹5,230 (vs ₹2,281 in Q2 FY26)

Half Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹1,87,575 (vs ₹1,56,168 in H1 FY26) - 20.1% increase
  • Total Income: ₹1,88,993 (vs ₹1,57,491 in H1 FY26)
  • Profit Before Tax: ₹11,897 (vs ₹4,001 in H1 FY26) - 197.4% increase
  • Profit After Tax: ₹9,080 (vs ₹2,805 in H1 FY26) - 223.7% increase
  • Total Comprehensive Income: ₹9,616 (vs ₹2,661 in H1 FY26)

Earnings Per Share (Standalone):

  • Basic EPS after exceptional items (Q2 FY27): ₹10.24
  • Basic EPS after exceptional items (H1 FY27): ₹18.00

Financial Results - Consolidated (₹ in Lakhs)

Quarterly Performance (Q2 FY27):

  • Revenue from Operations: ₹1,04,532
  • Profit After Tax: ₹5,340
  • Total Comprehensive Income: ₹5,419

Half Yearly Performance (H1 FY27):

  • Revenue from Operations: ₹1,90,567
  • Profit After Tax: ₹9,442
  • Total Comprehensive Income: ₹9,967

Earnings Per Share (Consolidated):

  • Basic EPS after exceptional items (Q2 FY27): ₹10.63
  • Basic EPS after exceptional items (H1 FY27): ₹18.79

Exceptional Items

Exceptional items of ₹166 lakhs per quarter (₹332 lakhs for half year) relate to proportionate value of sweat equity shares issued during the year ended 31st March, 2023.

Segment Information

The company operates in a single segment - "Textile Business" - making IND AS 108 segment reporting requirements not applicable.

Capital Structure Update

During the quarter, the company allotted 18,00,000 fully convertible warrants on a preferential basis to promoter(s) and promoter group entities:

  • Issue price: ₹555.56 per warrant
  • 25% initial payment received: ₹138.89 per warrant
  • Total initial subscription money received: ₹25,00,02,000
  • Warrants convertible into equity shares within 18 months from allotment date
  • Balance 75% payment: ₹416.67 per warrant upon conversion
  • Each warrant convertible into one fully paid-up equity share of face value ₹10 each

Trading Window Closure

The trading window for directors, designated and connected persons will reopen from 7th November, 2026.

Financial Position (Standalone as of 30th September, 2026)

  • Total Assets: ₹3,59,034 lakhs (vs ₹3,25,231 lakhs as of 31st March, 2026)
  • Equity Share Capital: ₹5,025 lakhs (unchanged)
  • Other Equity: ₹1,11,208 lakhs (vs ₹1,02,590 lakhs)
  • Share Warrant: ₹2,500 lakhs (new)
  • Total Borrowings: ₹1,43,082 lakhs (Non-current: ₹84,196 lakhs, Current: ₹58,886 lakhs)

Auditor Review

The unaudited financial results were reviewed by joint auditors R Kabra & Co. LLP and O.P. Dad & Co., Chartered Accountants, who issued a limited review report confirming no material misstatements were found.

Subsidiary Information

Consolidated results include subsidiary Sangam Ventures Limited (wholly owned), which contributed:

  • Q2 FY27 Revenue: ₹2,055 lakhs
  • Q2 FY27 Net Profit: ₹195 lakhs
  • H1 FY27 Revenue: ₹4,016 lakhs
  • H1 FY27 Net Profit: ₹362 lakhs

Projects Update

The company's projects under process are progressing as per its expansion plan.