Summary of Key Information:

Reporting Period: Quarter and Year Ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results under Regulation 33 of SEBI LODR

Audit Opinion:

Qualified Opinion - Statutory Auditors M/s. HTKS & Co. issued qualified audit reports on both standalone and consolidated financial results

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹26,571.69
  • Total Income: ₹26,698.10
  • Net Profit: ₹378.45
  • EPS: ₹0.15

Year Ended March 31, 2026:

  • Revenue from Operations: ₹105,041.51
  • Total Income: ₹105,381.22
  • Net Profit: ₹2,360.60
  • EPS: ₹0.35

YoY Comparison (Standalone):

  • Revenue from Operations increased from ₹100,330.75 (FY25) to ₹105,041.51 (FY26)
  • Net Profit improved from loss of ₹-9,968.93 (FY25) to profit of ₹2,360.60 (FY26)

Consolidated Results:

Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹26,571.69
  • Total Income: ₹26,698.10
  • Net Profit: ₹378.45
  • EPS: ₹0.15

Year Ended March 31, 2026:

  • Revenue from Operations: ₹105,041.51
  • Total Income: ₹105,381.22
  • Net Profit: ₹2,360.60
  • EPS: ₹0.35

YoY Comparison (Consolidated):

  • Revenue from Operations increased from ₹100,330.75 (FY25) to ₹105,041.51 (FY26)
  • Net Profit improved from loss of ₹-10,261.07 (FY25) to profit of ₹2,360.60 (FY26)

Financial Position as at March 31, 2026 [₹ in Lakhs]:

Standalone:

  • Property, Plant and Equipment: ₹13,195.73
  • Capital Work in Progress: ₹3,242.48
  • Inventories: ₹13,324.48
  • Trade Receivables: ₹13,306.04
  • Cash and Cash Equivalents: ₹3,865.07
  • Total Assets: ₹55,081.26
  • Share Capital: ₹13,326.51
  • Other Equity: ₹7,862.27
  • Borrowings (Non-current): ₹8,561.96
  • Borrowings (Current): ₹7,365.06
  • Total Liabilities: ₹55,081.26

Consolidated:

  • Property, Plant and Equipment: ₹13,195.73
  • Capital Work in Progress: ₹3,242.48
  • Inventories: ₹13,324.48
  • Trade Receivables: ₹13,306.04
  • Cash and Cash Equivalents: ₹3,865.07
  • Total Assets: ₹55,081.26
  • Share Capital: ₹13,326.51
  • Other Equity: ₹7,862.27
  • Borrowings (Non-current): ₹8,561.96
  • Borrowings (Current): ₹7,365.06
  • Total Liabilities: ₹55,081.26

Segment-wise Performance:

The Company operates primarily in manufacturing and trading of textile products constituting a single reportable segment as per Ind AS 108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.

Other Significant Information:

  • Exceptional items of ₹120.57 lakhs (Q4 FY26) represent net impact of profit on disposal of PPE and provisions for new Labour Codes
  • Consolidated results include wholly owned subsidiary Sumeet Global PTE Ltd., Singapore (under winding up process since February 13, 2025 but not completed as of March 31, 2026)
  • Investment in associate Hi-Urja Techno LLP considered in financial statements
  • Previous period figures regrouped/reclassified for comparability

Emphasis of Matter by Auditors:

  • Bank statement and confirmation not received for Central Bank of India balance of ₹10,000
  • No due certificate not received from IDBI Bank regarding resolution plan under IBC (appeal filed against resolution plan)

Entities in Consolidation:

  • Sumeet Industries Limited (Holding Company)
  • Sumeet Global PTE Limited, Singapore (Wholly-owned Subsidiary) - under winding up
  • Hi-Urja Techno LLP (Associate) - unaudited financial information considered

Audit Impact Statement:

As per Annexure-I, the audit qualification does not impact the reported figures for turnover, total expenditure, net profit, EPS, total assets, total liabilities, or net worth as management believes no provision required for MSME interest.