Financial Performance Highlights
Turnover: Rs 6452.91 lakhs (Previous year: Rs 6917.34 lakhs)
Loss before finance costs and depreciation: Rs 110.75 lakhs (Previous year: Rs 159.80 lakhs)
Finance costs: Rs 354.83 lakhs (Previous year: Rs 371.23 lakhs)
Depreciation: Rs 227.96 lakhs (Previous year: Rs 191.48 lakhs)
Loss before exceptional items and tax: Rs (693.54) lakhs (Previous year: Rs (402.91) lakhs)
Exceptional items: Rs 658.88 lakhs (Previous year: Nil)
Loss before taxation: Rs (34.66) lakhs
Tax expense: Rs (345.09) lakhs (including deferred tax credit of Rs 272.53 lakhs)
Net loss for the year: Rs (379.75) lakhs (Previous year: Rs (320.50) lakhs)
Other comprehensive loss: Rs (2.59) lakhs
Total comprehensive loss: Rs (382.34) lakhs (Previous year: Rs (322.99) lakhs)
EPS (basic/diluted): Rs (8.86) (Previous year: Rs (7.48))
Key Financial Position (as at 31st March 2026)
Total Assets: Rs 9374.44 lakhs
Non-current assets: Rs 5403.25 lakhs (including Property, Plant & Equipment: Rs 4952.76 lakhs)
Current assets: Rs 3971.19 lakhs (including Inventories: Rs 3110.74 lakhs, Trade receivables: Rs 472.09 lakhs)
Equity: Rs 1228.68 lakhs
Non-current liabilities: Rs 5401.73 lakhs (including Borrowings: Rs 2582.03 lakhs)
Current liabilities: Rs 2744.03 lakhs (including Borrowings: Rs 2310.94 lakhs)
Dividend Declaration
No dividend declared due to inadequacy of profits. Amount transferred to reserves: Nil.
Annual General Meeting Details
Date: 25th September 2026
Time: 12:15 PM
Mode: Video conferencing/other audio visual means
Agenda:
1. Adoption of audited financial statements for FY 2025-26
2. Re-appointment of Smt C. Renuka (DIN: 02209915) who retires by rotation
3. Ratification of remuneration of Cost Auditors for FY 2026-2027
Board of Directors
- Smt P. Umayal (Chairman cum Managing Director, DIN: 00110260)
- Sri P. Palaniappan (Managing Director, DIN: 01577805)
- Smt Sujatha Sivakumar (Non-Executive Independent Director, DIN: 08536232)
- Sri A. Arunkumar (Non-Executive Independent Director, DIN: 07176491)
- Sri N. Dinesh (Non-Executive Independent Director, DIN: 10013116)
- Smt C. Renuka (Non-Executive Director, DIN: 02209915)
Key Managerial Personnel
- CS M. Harish (Company Secretary cum Compliance Officer)
- Sri A. Subramanian (Chief Financial Officer)
Auditor Appointments
Statutory Auditors: M/s. Gopalaiyer and Subramanian, Chartered Accountants (appointed for 5 years from FY 2022-23 to 2026-27)
Secretarial Auditor: CS M.R.L. Narasimha, Practicing Company Secretary
Cost Auditor: CMA B. Venkateswar appointed for FY 2026-2027 (remuneration to be ratified by shareholders)
Internal Auditor: CA H. Venugopal, Chartered Accountants
Loans and Investments (Section 186 Disclosure)
Loans given:
- Supreme Yarn Spinners Pvt Ltd: Rs 1566.05 lakhs (5% interest, repayable on demand)
- Raja Yarn Private Ltd: Rs 1238.85 lakhs (3% interest, repayable on demand)
Investments: Rs 15.81 lakhs in equity instruments (Indian Overseas Bank, Arkay Energy, GR Renewable Energy)
Related Party Transactions
Transactions entered with related parties in ordinary course of business at arm's length. Significant balances:
- Raja Yarns Private Limited: Rs 1238.85 lakhs payable
- Supreme Yarn Spinners Private Limited: Rs 1566.06 lakhs payable
- Directors: Rs 2027.09 lakhs payable (Smt P. Umayal: Rs 1080.52 lakhs, Shri P. Palaniappan: Rs 946.57 lakhs)
Corporate Governance Compliance
Company states compliance with SEBI LODR regulations. Corporate Governance Report forms part of the Annual Report. Four Board meetings and various committee meetings held during the year.
Shareholding Pattern (as on 31st March 2026)
Total shares: 4,300,000 equity shares of Rs 10 each
Promoters: 55.54%
Public: 44.46%
Dematerialized shares: 100% of promoter holdings in electronic form
Other Disclosures
- No material changes or commitments between year-end and report date
- No significant material orders passed by regulators/courts
- No complaints received under Sexual Harassment of Women at Workplace Act
- Adequate internal financial controls in place
- No fraud reported during the financial year
- No subsidiary, joint venture or associate companies
- CSR not applicable as company doesn't meet specified criteria