Board Meeting Details
The Board of Directors meeting was held on May 26, 2026, at the registered office of the Company, commencing at 04:00 PM and concluding at 04:40 PM.
Key Decisions and Approvals
1. Considered, approved and taken on record the Audited Financial Statements of the Company for the financial year ended March 31, 2026.
2. Considered, approved and taken on record the Audited Financial Results for the Quarter and financial year ended March 31, 2026 along with Auditor's Reports (Unmodified Opinion) and Declaration.
3. Approved cancellation/withdrawal of the proposed investment of EUR 7,000 (Seven Thousand Euro) towards acquisition of 100 Equity Shares constituting 100.00% stake in Arvind sp.z o.o.
Financial Results Summary (₹ in Millions)
Income Statement Highlights
For Quarter Ended March 31, 2026:
- Revenue from operations: ₹1,235.69
- Other Income: ₹44.03
- Total Income: ₹1,279.72
- Total Expenses: ₹1,186.15
- Profit before tax: ₹93.57
- Tax Expense: ₹30.38 (Current tax: ₹25.72, Deferred tax: ₹4.66)
- Profit for the period: ₹63.19
- Total comprehensive income: ₹62.09
- Basic/Diluted EPS: ₹1.02
For Year Ended March 31, 2026:
- Revenue from operations: ₹5,186.50
- Other Income: ₹105.71
- Total Income: ₹5,292.21
- Total Expenses: ₹4,764.89
- Profit before tax: ₹527.32
- Tax Expense: ₹138.89 (Current tax: ₹116.33, Deferred tax: ₹22.56)
- Profit for the year: ₹388.43
- Total comprehensive income: ₹389.31
- Basic/Diluted EPS: ₹6.79
Comparative Figures
Quarter Ended December 31, 2025:
- Revenue: ₹1,523.99, Profit: ₹114.72, EPS: ₹1.91
Quarter Ended March 31, 2025:
- Revenue: ₹1,237.19, Profit: ₹68.27, EPS: ₹1.51
Year Ended March 31, 2025:
- Revenue: ₹4,848.90, Profit: ₹317.41, EPS: ₹7.60
Balance Sheet Position (as at March 31, 2026)
- Paid-up equity share capital: ₹599.09 Million (face value ₹10 per share)
- Other Equity: ₹3,304.00 Million
- Total Assets: ₹6,578.96 Million
- Total Liabilities: ₹2,675.87 Million
Cash Flow Statement (Year Ended March 31, 2026)
- Net cashflow from operating activities: (₹137.94)
- Net cashflow from investing activities: (₹1,499.28)
- Net cashflow from financing activities: ₹1,527.26
- Net decrease in cash and equivalents: (₹109.97)
- Cash and bank balances at end: ₹40.88 Million
Investment Cancellation Details
The Board approved cancellation of the proposed investment of EUR 7,000 for 100% acquisition of Arvind sp.z o.o., which was originally approved on September 1, 2025. The decision was taken due to operational difficulties in remitting investment amount from India to the host country, regulatory approvals, banking procedures, compliance requirements, foreign exchange constraints, and practical challenges affecting transaction feasibility.
Significant Accounting Matters
1. IPO Completion: The company completed Initial Public Offer of 15,714,200 equity shares of face value ₹10 each at issue price of ₹140 per share, raising ₹2,200 million. Shares listed on NSE and BSE on June 4, 2025.
2. Bonus Shares: Board approved allotment of bonus shares in ratio of 30:1 in meeting held on July 23, 2024. EPS calculations adjusted accordingly.
3. Labour Code Impact: Government consolidated 29 labour legislations into four labour codes effective November 21, 2025. Company evaluated impact on employee benefit obligations and recognized financial impact in FY26 results based on management estimates and actuarial valuation.
4. Depreciation Method Change: Company changed depreciation method from WDV to SLM method, which reduced depreciation expense by ₹58.48 Million for Q4 FY26 and ₹156.66 Million for FY26. Treated as change in accounting estimate per Ind AS 8.