Key Financial Figures (₹ in Lakhs)

Financial Results for FY 2025-26 vs FY 2024-25:

  • Total Income: ₹14,034.79 (Previous: ₹17,085.03)
  • Profit/(Loss) before Interest and Depreciation: ₹688.81 (Previous: ₹373.86)
  • Interest: ₹39.53 (Previous: ₹122.77)
  • Depreciation: ₹696.37 (Previous: ₹675.82)
  • Profit/(Loss) before Tax: (₹47.09) (Previous: (₹424.73))
  • Deferred Tax Liability (Net) written back: (₹38.14) (Previous: (₹43.61))
  • Profit/(Loss) after Tax: (₹8.95) (Previous: (₹381.12))
  • Other Comprehensive Income: ₹17.76 (Previous: ₹3.53)
  • Total Comprehensive Income/(Loss): ₹8.81 (Previous: (₹377.59))

Operational Metrics:

  • Cotton Yarn Production: 4,127.75 tonnes (Previous: 5,722.69 tonnes)
  • Waste Cotton Production: 1,562.25 tonnes (Previous: 1,865.58 tonnes)
  • Cotton Yarn Sales: 4,390.83 tonnes (Previous: 5,646.28 tonnes)
  • Waste Cotton Sales: 1,575.24 tonnes (Previous: 1,938.17 tonnes)
  • Average Yarn Count: 42s (Previous: 32s)
  • Wind Power Generation: 190.07 lakh units (Previous: 160.08 lakh units) - 18.74% increase
  • Wind Power Sold to TNPDCL: ₹18.82 lakhs (Previous: ₹Nil)

Balance Sheet Highlights (as at 31st March 2026):

  • Total Assets: ₹10,727.49 lakhs (Previous: ₹11,838.03 lakhs)
  • Equity Share Capital: ₹864.18 lakhs (Unchanged)
  • Reserves and Surplus: ₹8,385.41 lakhs (Previous: ₹8,376.59 lakhs)
  • Borrowings: ₹Nil (Previous: ₹988.58 lakhs)
  • Trade Receivables: ₹1,224.58 lakhs (Previous: ₹2,691.86 lakhs)
  • Inventories: ₹2,911.80 lakhs (Previous: ₹2,547.56 lakhs)
  • Cash and Cash Equivalents: ₹397.08 lakhs (Previous: ₹29.35 lakhs)

Dividend

No dividend recommended for the financial year 2025-2026.

AGM Details

  • Date: Thursday, 27th August 2026
  • Time: 12:00 Noon (IST)
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)

AGM Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Smt A Lalitha (DIN: 00003688) who retires by rotation

3. Appointment of M/s. CSR & Co Chartered Accountants (Firm Registration No. 014424S) as Statutory Auditors for 5 years from conclusion of 11th AGM until 16th AGM, at a remuneration of ₹4,50,000 per annum

Special Business:

4. Ratification of remuneration of ₹1,00,000 payable to Sri M Nagarajan, Cost Auditor (Firm Registration No. 102133) for conducting cost audit for FY 2026-27

Auditor Changes

  • M/s VKS Aiyer & Co (Firm Registration No: 000066S) complete their 5-year term at the conclusion of the 11th AGM
  • M/s CSR & Co proposed as new statutory auditors based on recommendation of Audit Committee
  • The company received certificate from proposed auditors confirming eligibility and independence under Companies Act, 2013
  • No material change in audit fees from outgoing to incoming auditors

Board and Committee Composition

  • Total Directors: 7 (2 Executive, 1 Non-Executive Non-Independent, 4 Independent)
  • Key Managerial Personnel: S V Alagappan (Managing Director), R Selvaraj (CFO), M Shyamala (Company Secretary)
  • Audit Committee: S Palaniswami (Chairman, Independent), S K Sundararaman (Member), C Sivasamy (Member), M Ganeshkumar (Member)
  • Board Meetings: 4 meetings held during FY 2025-26

Corporate Governance

  • Compliance certificate from practicing company secretary obtained
  • Vigil mechanism/whistle blower policy in place
  • No material related party transactions
  • No significant orders passed by regulators/courts
  • No frauds reported by auditors

Shareholding Pattern (as on 31st March 2026)

  • Promoters' Holding: 74.937% (64,75,916 shares)
  • Banks/FIs/Mutual Funds: 0.326%
  • Private Corporate Bodies: 0.272%
  • Indian Public: 24.199%
  • NRI/OCBs: 0.266%
  • Dematerialized Shares: 98.57%

Subsequent Events

No material changes and commitments affecting the financial position between the end of the financial year and the date of the report.

Capital Structure Impact

No changes in share capital during the year. Entire promoter shareholding (74.94%) is dematerialized.

Cash Flow Implications

  • Net cash flow from operating activities: ₹1,623.59 lakhs
  • Net cash used in investing activities: ₹(130.80) lakhs
  • Net cash used in financing activities: ₹(1,028.11) lakhs
  • Net increase in cash and cash equivalents: ₹464.68 lakhs

Forward-looking Statements

The outlook for the textile industry remains cautiously optimistic. The company expects to maintain stable operations with the possibility of achieving marginal profit during the current year, depending on demand for yarn and cotton availability at reasonable rates.