Key Quantitative Figures (Standalone, Rs. in Lakhs)

  • Total Revenue: 2,338.33 (FY26) vs 2,739.81 (FY25)
  • Total Expenses: 2,325.12 (FY26) vs 2,770.72 (FY25)
  • Profit Before Tax: 13.21 (FY26) vs Loss of 30.91 (FY25)
  • Tax Expense (including Deferred): (3.34) (Credit) (FY26) vs 2.62 (Credit) (FY25)
  • Profit After Tax: 16.55 (FY26) vs Loss of 33.53 (FY25)
  • Other Comprehensive Income (net of tax): 21.69 (FY26) vs 12.04 (FY25)
  • Total Comprehensive Income: 38.24 (FY26) vs Loss of 21.49 (FY25)
  • Basic/Diluted EPS (Re. 10 each): ₹0.22 (FY26) vs (₹0.45) (FY25)
  • Authorized Share Capital: ₹12,00,00,000 (1.20 Cr shares)
  • Paid-up Share Capital: ₹7,49,03,000 (74,90,300 shares)
  • Median Employee Remuneration: ₹5,09,730 annually
  • Foreign Exchange Earnings: ₹1,891.00 Lakhs
  • Foreign Exchange Outgo: ₹184.00 Lakhs

Dates of Action

  • AGM Date: August 19, 2026, at 12:30 PM IST
  • AGM Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Register of Members Closure: August 13, 2026, to August 19, 2026 (both days inclusive)
  • Cut-off date for e-voting eligibility: August 12, 2026
  • Remote e-voting period: August 16, 2026 (10:00 AM) to August 18, 2026 (05:00 PM)
  • Financial Year: April 1, 2025, to March 31, 2026
  • Date of Board Report and Financial Statements: May 29, 2026
  • Date of signing SEC filing: July 20, 2026

Parties Involved

  • Stock Exchanges: BSE Limited, Calcutta Stock Exchange Ltd.
  • Statutory Auditors: M/s Bhatia & Bhatia, Chartered Accountants (Firm Reg. No. 003202N)
  • Secretarial Auditors: M/s Pramod Kothari & Co., Company Secretaries (Firm Reg. No. S2012UP197900)
  • Internal Auditors: Ashok Kantoor & Co., Chartered Accountants
  • Registrar & Share Transfer Agent (RTA): Skyline Financial Services Pvt. Ltd.
  • Bankers: Canara Bank

Purpose / Rationale

The report provides a comprehensive overview of the company's financial performance, operational highlights, corporate governance practices, and compliance with various regulations for the financial year ended March 31, 2026. The AGM is convened to seek shareholder approval for the adoption of accounts, director reappointment, and a special resolution for operational flexibility.

Financial and Operational Impact

  • The company returned to profitability in FY26 after a loss in FY25.
  • No dividend was declared, as disclosed, to preserve capital for future growth plans.
  • The company states there were no material changes affecting its financial position post the financial year-end.
  • The Secretarial Audit Report and Statutory Audit Report contain no qualifications or adverse remarks.

Capital Structure Impact

  • No change in share capital (authorized, issued, subscribed, paid-up) during FY26.
  • All equity shares are fully paid-up. The company has only one class of shares.
  • The company did not issue any debt instruments, convertible instruments, or ESOPs during the year.

Cash Flow Implications

  • Net cash from operating activities: ₹435.49 Lakhs (FY26) vs ₹330.51 Lakhs (FY25)
  • Net cash used in investing activities: ₹6.41 Lakhs (inflow) vs ₹55.86 Lakhs (outflow) (FY25)
  • Net cash used in financing activities: ₹375.29 Lakhs (outflow) vs ₹260.49 Lakhs (inflow) (FY25)
  • Net increase in cash and cash equivalents: ₹66.61 Lakhs (FY26) vs ₹535.13 Lakhs (FY25)

Forward-Looking Guidance

Management Discussion & Analysis highlights opportunities in the global home textiles market but also cites risks including competition from the unorganized sector, foreign currency fluctuation, and changes in government export policies. The company plans to continue introducing new fabric designs.

Corporate Governance and Compliance

  • The Board met 5 times during the year. All applicable committees (Audit, NRC, Stakeholders' Relationship) are constituted and met as required.
  • The company has adopted requisite policies (Related Party Transactions, Vigil Mechanism, Code of Conduct, etc.).
  • No complaints were received under the Sexual Harassment Act or Vigil Mechanism policy.
  • The company confirms compliance with SEBI LODR regulations.
  • Directors' Remuneration (FY26): Mr. Inderjeet Singh Wadhwa (₹41.50 Lakhs), Mrs. Neelam Wadhwa (₹26.09 Lakhs), Mr. Sanjay Katyal (₹19.40 Lakhs), Mr. Saurabh Arora (₹1.93 Lakhs).

AGM Business

Ordinary Business:

1. To adopt the audited financial statements for FY26.

2. To reappoint Mrs. Neelam Wadhwa (DIN: 00050911) as a Whole Time Director, who retires by rotation.

Special Business:

3. To pass a Special Resolution under Section 180(1)(a) of the Companies Act, 2013, granting the Board general consent for the sale, lease, or disposal of the whole or substantially the whole of the company's undertaking.

Other Material Information

  • 87.85% of the paid-up capital is held in dematerialized form as of March 31, 2026.
  • The company has no subsidiaries, joint ventures, or associate companies.
  • No material related party transactions were reported during the year.
  • The company has not accepted any deposits.