13th Annual General Meeting Details

  • Date: Thursday, September 24, 2026
  • Time: 03:00 PM (IST)
  • Mode: Two-way Video Conferencing/Other Audio-Visual Means
  • Cut-off date for e-voting eligibility: Thursday, September 17, 2026
  • Remote e-voting period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 along with Directors' Report and Auditor's Report

2. Director Reappointment: To appoint Mr. Rameshchandra Mohanlal Hirani (DIN: 06775835) who retires by rotation

Special Business

3. Ratification of Cost Auditor Remuneration: Ratification of remuneration of ₹1,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses to M/s. Niketan Govindbhai Tadhani & Co. (Firm Registration No. 003635) as Cost Auditor for FY 2026-27

Document Distribution

  • Documents dispatched electronically to members with registered email addresses
  • Physical copies available on request
  • Documents available on company website (www.shreeramtwistex.com) and stock exchange websites

Financial Performance Highlights (FY 2025-2026)

  • Revenue from Operations: ₹27,289.35 lakhs (Previous year: ₹25,275.05 lakhs)
  • Total Revenue: ₹27,406.53 lakhs (Previous year: ₹25,402.37 lakhs)
  • Profit Before Tax: ₹1,654.43 lakhs (Previous year: ₹937.57 lakhs)
  • Net Profit After Tax: ₹1,416.51 lakhs (Previous year: ₹799.59 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹4.67 (Previous year: ₹2.72)
  • Depreciation: ₹857.42 lakhs (Previous year: ₹598.67 lakhs)
  • Current Income Tax: ₹367.89 lakhs (Previous year: ₹247.36 lakhs)
  • Previous year tax adjustment: -₹163.16 lakhs
  • Deferred Tax: ₹33.19 lakhs (Previous year: -₹109.39 lakhs)

Capital Structure

  • Authorized Capital: ₹40,00,00,000/-
  • Issued, Subscribed and Paid-up Capital: ₹39,97,50,000 (increased from ₹29,37,50,000 due to IPO)

IPO Completion Details

  • IPO Opening: February 23, 2026 to February 25, 2026
  • Allotment Date: February 26, 2026
  • Listing Date: March 2, 2026
  • Shares Allotted: 1,06,00,000 Equity Shares of face value ₹10/- each
  • Issue Price: ₹110 per share (including premium of ₹100 per share)
  • Total Proceeds: ₹11,024.00 lakhs

Board and Committee Composition

Board of Directors

  • Bhaveshbhai Bhikhubhai Ramani (Managing Director, DIN: 00534813)
  • Jay Atulbhai Tilala (Director & CFO, DIN: 08362902)
  • Rameshchandra Mohanlal Hirani (Non-Executive Director, DIN: 06775835)
  • Amita Chhaganbhai Pragada (Non-Executive Independent Director)
  • Bhuvnesh Kumar (Non-Executive Independent Director)
  • Chirag Kantilal Patel (Non-Executive Independent Director)

Board Committees

  • Audit Committee: Chirag Kantilal Patel (Chairperson), Amita Chhaganbhai Pragada, Bhuvnesh Kumar
  • Nomination Remuneration Committee: Chirag Kantilal Patel (Chairperson), Rameshchandra Mohanlal Hirani, Bhuvnesh Kumar
  • Stakeholder Relationship Committee: Rameshchandra Mohanlal Hirani (Chairperson), Chirag Kantilal Patel, Bhuvnesh Kumar
  • CSR Committee: Bhaveshbhai Bhikhubhai Ramani (Chairperson), Chirag Kantilal Patel, Jay Atulbhai Tilala

Director Information for Reappointment

Mr. Rameshchandra Mohanlal Hirani

  • DIN: 06775835
  • Date of Birth: July 9, 1973
  • Age: 52 Years
  • Date of Appointment: January 4, 2014
  • Qualifications: Diploma in Civil Engineering
  • Experience: 11+ years in textile industry, 27 years in construction industry
  • Shares Held: 15,05,000 equity shares as of March 31, 2026
  • Board Meetings Attended: 13 out of 13
  • Committee Positions: Chairperson of Stakeholder Relationship Committee, Member of Nomination Remuneration Committee

Cost Auditor Appointment

  • Firm: M/s. Niketan Govindbhai Tadhani & Co.
  • Registration No.: 003635
  • Remuneration: ₹1,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses
  • Period: Financial Year 2026-27

Business Overview

The company is engaged in manufacturing Cotton Yarns including Compact Ring Spun and Carded Yarns (both Combed and Carded), value-added yarns such as Eli Twist, Compact Slub Yarns, and Lycra-Blended Yarns. Products are used in knitting and weaving for end-use segments including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics.

Manufacturing Facility

  • Location: Gondal, Rajkot, Gujarat
  • Capacity: 17 compact ring-spinning machines with total spindle count of 27,744
  • Product Range: 100% cotton yarns in counts ranging from Ne 8 to Ne 40

Key Financial Ratios

  • Debt-Equity Ratio: 0.15 (Previous: 0.84)
  • Debt Service Coverage Ratio: 4.21 (Previous: 2.00)
  • Return on Equity Ratio: 10.40% (Previous: 11.36%)
  • Inventory Turnover Ratio: 2.87 (Previous: 6.34)
  • Trade Receivable Turnover Ratio: 11.58 (Previous: 6.61)
  • Net Profit Ratio: 5.19% (Previous: 3%)

Corporate Governance Compliance

Company states compliance with Secretarial Standards SS-1 and SS-2 issued by ICSI and all applicable provisions of Companies Act, 2013 and SEBI Listing Regulations.

Auditors

  • Statutory Auditors: Doshi Doshi & Co, Chartered Accountants (FRN: 153683W)
  • Secretarial Auditor: M/s Sonu Jain & Co., Company Secretaries
  • Internal Auditor: Mr. Vishal Mehta
  • Cost Auditor: M/s. Tadhani Niketan Govindbhai & Co. (FRN: 003635)

Registrars and Transfer Agents

Bigshare Services Pvt. Ltd., Mumbai

Material Events Post Financial Year

  • Variation in IPO proceeds utilization approved by members via Postal Ballot on May 30, 2026
  • 4.2 MW Wind Power Project revised to 3.1 MW Wind Turbine Generator
  • Allocation reduced from ₹3,900.00 lakhs to ₹2,511.00 lakhs
  • Surplus of ₹1,389.00 lakhs to be utilized for machinery expansion (₹525.74 lakhs) and repayment of SBI borrowings (₹863.26 lakhs)
  • CRISIL Ratings Limited appointed as monitoring agency for IPO proceeds utilization

Compliance Status

Company received Show Cause Notice from Registrar of Companies regarding alleged non-compliance under Section 203 of Companies Act, 2013. Company filed application for adjudication of penalties under Section 454 and complied with directions. Proceedings concluded and closed.

Dividend

No dividend recommended for FY 2025-2026.

CSR Expenditure

Company spent ₹18.00 lakhs on CSR against requirement of ₹16.01 lakhs, focusing on promoting education including special education and vocational skills.

E-voting Instructions

Detailed instructions provided for remote e-voting through NSDL for shareholders holding shares in demat and physical form. Helpdesk contacts provided for technical support.

Virtual Meeting Participation

Members can join AGM through VC/OAVM 16 minutes before and after scheduled time. Facility available for 1000 members on first-come-first-served basis, excluding large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.

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