Financial Analyst Summary: Sumeet Industries Limited Regulatory Response

Company Response to Regulatory Query

Date of Communication: September 9, 2026

Nature of Query: The National Stock Exchange of India Limited (NSE) raised two deficiencies regarding the financial results submitted on August 5, 2026 for the quarter ended June 30, 2026.

Query 1: Financial results format compliance

The exchange noted that the financial results submitted were not in the prescribed SEBI format, with standalone and consolidated figures being identical.

Company's Clarification:

  • The company explained that both standalone and consolidated figures are identical because their Singapore-based subsidiary has been completely wound up for three years with no business activity
  • The subsidiary's financial results were supposed to be added to consolidated results but were nil due to inactivity

Query 2: Machine-readable form requirement

The exchange noted that a machine-readable/legible copy of financial results was not submitted.

Company's Response:

  • The company submitted a machine-readable copy of financial results for the quarter ended June 30, 2026 along with their response

Financial Results Overview

Board Meeting Date: February 12, 2026

Results Period: Quarter and Nine Months ended December 31, 2025

Financial Performance Highlights (Standalone, in ₹ Lacs):

Quarter Ended December 31, 2025:

  • Revenue from operations: ₹26,692.48
  • Other Income: ₹81.56
  • Total Income: ₹26,774.04
  • Profit before tax: ₹903.77
  • Profit for the period: ₹903.77
  • Total Comprehensive Income: ₹924.06
  • Basic EPS: ₹0.18

Nine Months Ended December 31, 2025:

  • Revenue from operations: ₹78,469.82
  • Other Income: ₹213.30
  • Total Income: ₹78,683.12
  • Profit before tax: ₹2,687.52
  • Profit for the period: ₹2,687.52
  • Total Comprehensive Income: ₹2,690.01
  • Basic EPS: ₹0.51

Comparative Figures (Quarter Ended December 31, 2024):

  • Revenue from operations: ₹25,176.20
  • Other Income: ₹135.14
  • Total Income: ₹25,311.34
  • Profit before tax: ₹9,718.23
  • Profit for the period: ₹9,718.23
  • Total Comprehensive Income: ₹9,718.96
  • Basic EPS: ₹1.88

Additional Corporate Information

Stock Split:

  • The company completed a 1:5 stock split during the quarter
  • Face value changed from ₹10 to ₹2 per share
  • Record date: October 3, 2025

Business Segment:

  • The company operates solely in the textile business with one reportable segment

Tax Provision:

  • Income tax liability (current and deferred tax) will be determined at year-end (March 31, 2026)
  • No tax provision made in the interim results

Auditor's Qualification:

  • HTKS & Co. issued an unqualified limited review report but drew attention to Note 5 regarding non-ascertainment of income tax liability
  • The auditors confirmed the results comply with Ind AS 34 and SEBI regulations

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Stock Trading, Quarterly Results

Key Personnel:

  • Anil Kumar Jain, Company Secretary
  • Pratik R. Jaju, Managing Director (DIN: 01899119)
  • Radheshyam B. Jaju, Executive Director & Chairman (DIN: 00789902)
  • Abhishek Prasad, CFO
  • CA Harishankar Tosniwal, Partner (HTKS & Co.)