Detailed Summary

AGM Schedule and Communication

  • The 56th AGM is scheduled for Thursday, September 24, 2026, at 10:00 AM IST.
  • The meeting will be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
  • The Integrated Annual Report and AGM notice are being sent electronically to members whose email IDs are registered with the company/RTA/DP.
  • For members without registered email IDs, a physical communication containing a weblink to access the documents is being dispatched, as required by Regulation 36(1)(b).
  • The PDF version of the documents is available on the company's website: https://www.subhashsilkmills.com.
  • The Register of Members & Share Transfer Registers will be closed from Friday, September 18, 2026, to Thursday, September 24, 2026 (both days inclusive).

Ordinary Business Agenda

1. Adoption of Financial Statements: To consider and adopt the audited standalone financial statements of the company for FY 2025-26, together with the reports of the Board of Directors and Auditors thereon.

2. Re-appointment of Director: To re-appoint Mrs. Nameeta S. Mehra (DIN: 01849490), a director liable to retire by rotation, as a director of the company.

Key Financial Highlights (Amounts in ₹ Hundred)

| Particulars | FY 2025-26 | FY 2024-25 |

| Income from Operations | 3,062.24 | 2,840.02 |

| Other Income | 123,985.05 | 241,858.83 |

| Total Income | 127,047.29 | 244,698.85 |

| Total Expenses | 202,204.73 | 247,155.28 |

| Profit/(Loss) Before Tax | (75,157.43) | (2,456.42) |

| Tax Expense: | | |

| - Current Tax | 481.00 | 19,591.00 |

| - Deferred Tax | 939.08 | 110.40 |

| - (Excess)/Short Provision for Tax in earlier years | (6.19) | (101.99) |

| Total Tax Expense | 1,413.89 | 19,599.41 |

| Net Profit/(Loss) After Tax | (76,571.33) | (22,055.83) |

| Earnings Per Share (EPS) - Basic & Diluted (₹) | (18.91) | (5.45) |

Financial Performance Review

  • Total Income decreased to ₹127,047.29 hundred (₹12.70 crore) from ₹244,698.85 hundred (₹24.47 crore) in the previous year.
  • Income from Operations (₹3.06 lakh) saw a marginal increase from the previous year (₹2.84 lakh).
  • Total Expenses decreased to ₹202,204.73 hundred (₹20.22 crore) from ₹247,155.28 hundred (₹24.72 crore).
  • The company incurred a significant Loss Before Tax of ₹75,157.43 hundred (₹7.52 crore), compared to a Loss Before Tax of ₹2,456.42 hundred (₹0.25 crore) in FY25.
  • The Net Loss After Tax widened substantially to ₹76,571.33 hundred (₹7.66 crore) from ₹22,055.83 hundred (₹2.21 crore) in the previous year.
  • No dividend is recommended by the Board for FY 2025-26.
  • No amount is proposed to be transferred to reserves.

Board of Directors and Key Managerial Personnel (KMP)

  • Mr. Sumeet Subhash Mehra (DIN: 00342934) - Chairman & Director
  • Mr. Dhiraj Mehra (DIN: 01409010) - Managing Director
  • Mrs. Nameeta S. Mehra (DIN: 01849490) - Director (Proposed for re-appointment)
  • Mr. Vikramsingh Rajpurohit (DIN: 09144659) - Independent Director (Resigned w.e.f. August 1, 2025)
  • Mr. Jay Narayan Nayak (DIN: 05174213) - Independent Director (Resigned w.e.f. November 22, 2025)
  • Ms. Kavisha Dinesh Shah (DIN: 11219162) - Independent Director (Appointed w.e.f. August 1, 2025)
  • Mrs. Paridhi Somani - Company Secretary & Compliance Officer (KMP)
  • Mrs. Priyanka Mankame - Chief Financial Officer (KMP)

Statutory and Secretarial Auditors

  • Statutory Auditors: M/s. Shabbir & Rita Associates LLP (FRN: 109420W) were reappointed until the conclusion of the 60th AGM (FY 2029-30). Their report includes an emphasis of matter regarding the company's accumulated losses and net worth.
  • Secretarial Auditors: M/s. KNK & Co. LLP conducted the secretarial audit for FY 2025-26. Their report contained one qualification regarding a delay in filing one e-form MGT-14. Management attributed the delay to the Company Secretary being on leave.

Other Material Disclosures

  • Capital Structure: The issued, subscribed, and paid-up equity share capital remained unchanged at ₹4,04,93,808 (40,493,808 equity shares of ₹10 each).
  • Related Party Transactions: Disclosures of transactions with related parties, including directors' remuneration and loans taken from/repaid to directors, are provided in Annexure C (AOC-2).
  • Internal Financial Controls: The auditors' report states that the company has adequate internal financial controls over financial reporting.
  • Corporate Governance Report: The company is not required to comply with the corporate governance provisions under Regulation 15(2) of SEBI LODR.
  • Management Discussion & Analysis (MD&A): Included in the report, providing an overview of the Indian economic and textile industry, opportunities, threats, and the company's financial performance.
  • Vigil Mechanism/Whistle Blower Policy: The company has a vigil mechanism policy, and no complaints were received during the year.
  • Sexual Harassment: No complaints were filed under the Sexual Harassment of Women at Workplace Act, 2013, during the year.