Nature of Event

Regulatory filing of 30th Annual General Meeting notice and Annual Report for financial year ended 31st March 2026 under SEBI Listing Regulations and Companies Act 2013.

Key Quantitative Figures

  • Revenue from Operations (Net): ₹142.19 crore (FY25: ₹131.94 crore)
  • Other Income: ₹2.43 crore (FY25: ₹2.70 crore)
  • Total Revenue: ₹144.62 crore (FY25: ₹134.64 crore)
  • Profit before Finance Cost and Depreciation: ₹33.36 crore (FY25: ₹27.78 crore)
  • Finance Cost: ₹14.16 crore (FY25: ₹13.19 crore)
  • Depreciation and Amortization: ₹11.51 crore (FY25: ₹12.60 crore)
  • Profit before exceptional items: ₹7.70 crore (FY25: ₹1.98 crore)
  • Exceptional Items: ₹1.88 crore expense (FY25: ₹0.36 crore income)
  • Profit before Tax: ₹5.82 crore (FY25: ₹2.34 crore)
  • Profit for the year: ₹5.95 crore (FY25: ₹2.66 crore)
  • Total Assets: ₹209.84 crore (FY25: ₹197.59 crore)
  • Total Equity: ₹43.20 crore (FY25: ₹37.25 crore)
  • Borrowings: ₹91.47 crore (FY25: ₹89.26 crore)
  • Earnings Per Share: ₹1.36 (FY25: ₹0.55)

Dates of Action

  • AGM Date: 30th June 2026 at 11:00 AM through VC/OAVM
  • Record Date: 23rd June 2026
  • Remote e-Voting Period: 26th June 2026 (9:00 AM) to 29th June 2026 (5:00 PM)
  • Board Meeting Dates: 22nd May 2025, 11th July 2025, 12th August 2025, 10th November 2025, 12th February 2026

Parties Involved

  • Statutory Auditor: Khandelwal Ray & Co.
  • Cost Auditor: M/s. Mitra Bose & Associates
  • Internal Auditor: M/s. Chaturvedi & Co.
  • Secretarial Auditor: M/s. MR & Associates
  • RTA: Maheshwari Datamatics Pvt. Ltd.
  • Bankers: Kotak Mahindra Bank Limited
  • Key Managerial Personnel: Mr. S.J. Sengupta (President & CFO), Mr. S.K. Kejriwal (Company Secretary)

Financial and Operational Impact

  • Export Turnover: Improved by 11.38% to ₹30.51 crore (FY25: ₹26.79 crore)
  • MSME Registration: UDYAM-WB-10-0000193 dated 6th July 2020
  • Credit Rating: CARE BB+ Stable (Long Term) and CARE A4+ (Short Term)
  • Capacity Addition: Added one LOOM BK 860 from Schlatter, Germany and seaming machine from Austria
  • Employee Strength: 324 employees as on 31st March 2026
  • Exceptional Item: ₹1.88 crore provision for past service cost and increased liability for gratuity and leave encashment as per new Labour Codes effective from 21st November 2025

Capital Structure Impact

  • Share Capital: Unchanged at ₹8.55 crore (42,755,123 equity shares of ₹2 each)
  • Promoter Holding: 65.71% (280.93 lakh shares)
  • Public Holding: 34.29% (146.62 lakh shares)
  • Dematerialized Holdings: 98.95% of paid-up capital

Cash Flow Implications

  • Cash Generated from Operations: ₹29.08 crore
  • Cash Used in Investing Activities: ₹12.40 crore (mainly addition to fixed assets)
  • Cash Used in Financing Activities: ₹13.82 crore (mainly interest payment)
  • Net Increase in Cash: ₹2.86 crore
  • Cash and Cash Equivalents: ₹9.53 crore (FY25: ₹6.67 crore)

Resolutions Proposed

1. Ordinary Business: Adoption of audited financial statements and reappointment of Mr. Vedant Khaitan as director retiring by rotation

2. Special Business: Reappointment of Mr. Sunil Khaitan as Managing Director for 3 years from 1st April 2026 with remuneration of ₹1.8 crore per annum

3. Special Business: Reappointment of Mr. Vedant Khaitan as Joint Managing Director for 3 years from 1st June 2026 with remuneration of ₹1.7 crore per annum

4. Ordinary Business: Payment of remuneration of ₹50,000 plus GST to Cost Auditors for FY27

Corporate Governance

  • Board Composition: 5 directors (2 executive, 3 independent including 1 woman director)
  • Board Meetings: 5 meetings held during FY26
  • Committee Meetings: Audit Committee (4), Nomination and Remuneration Committee (1), Stakeholders Relationship Committee (4)
  • Whistleblower Policy: Implemented, no complaints received during FY26
  • Related Party Transactions: All on arm's length basis, disclosed in Note 34 to financial statements

Contingent Liabilities

  • Tax Demands: ₹13.35 crore under dispute (Income Tax ₹5.24 crore, GST ₹3.77 crore, Excise ₹3.78 crore, Sales Tax ₹0.57 crore)
  • Other Claims: ₹0.77 crore not acknowledged as debt
  • Capital Commitments: ₹0.09 crore (Net of advance)

Dividend Declaration

No dividend recommended for FY26 to conserve resources for growth and capital expenditure.