Financial Performance Summary

FY26 Financial Results (vs FY25):

  • Income from operations: ₹41,053.64 lakhs (₹40,377.49 lakhs in FY25)
  • Other Income: ₹899.64 lakhs (₹867.13 lakhs in FY25)
  • Profit before Interest and Depreciation: ₹4,059.23 lakhs (₹3,181.43 lakhs in FY25)
  • Interest: ₹868.49 lakhs (₹854.83 lakhs in FY25)
  • Depreciation: ₹2,365.59 lakhs (₹2,499.01 lakhs in FY25)
  • Exceptional item: ₹28.97 lakhs (Nil in FY25) - related to past period employee benefit liability due to new Labour Codes
  • Profit after Tax: ₹356.56 lakhs (Loss of ₹175.88 lakhs in FY25)

Segment-wise Performance:

Agency Division:

  • Revenue: ₹1,801.10 lakhs (₹1,745.73 lakhs in FY25)
  • PBIT: ₹803.79 lakhs (₹787.61 lakhs in FY25)

Textile Division:

  • Revenue: ₹33,581.33 lakhs (₹33,257.19 lakhs in FY25)
  • PBIT: ₹1,027.72 lakhs (₹126.39 lakhs in FY25)

Engineering Division:

  • Revenue: ₹6,491.31 lakhs (₹6,061.74 lakhs in FY25)
  • PBIT: ₹137.82 lakhs (Loss of ₹157.25 lakhs in FY25)

Exports:

  • Yarn exports: ₹6,487.23 lakhs (including merchant exports of ₹2,327.28 lakhs)
  • Gears division exports: ₹208.54 lakhs

Dividend Declaration

  • Recommended dividend: ₹2.50 per equity share (25%)
  • Record date: July 13, 2026
  • Payment: Only in electronic mode as per SEBI regulations
  • Dividend outgo: ₹76.79 lakhs

Annual General Meeting Details

  • Date: July 20, 2026 at 3:30 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Venue: Registered Office (deemed venue)
  • Cut-off date for eligibility: July 13, 2026

Agenda Items

Ordinary Business:

1. Adoption of audited financial statements for FY26

2. Declaration of dividend

3. Re-appointment of Sri. Sanjay Jayavarthanavelu (DIN: 00004505) who retires by rotation

4. Appointment of M/s. S. Krishnamoorthy & Co as Statutory Auditors for 5 years (FY27-FY31) at remuneration of ₹9,00,000 for first year

Special Business:

5. Approval for related party transactions with LMW Limited up to ₹200 crores for period until next AGM

6. Ratification of remuneration of ₹1,50,000 plus expenses to Cost Auditor Sri. G. Sivagurunathan for FY27

Board of Directors

  • Sri. Sanjay Jayavarthanavelu (Chairman, DIN: 00004505)
  • Sri. Ravi Sam (DIN: 00007465)
  • Sri. B. Lakshmi Narayana (DIN: 00504396)
  • Sri. Gopinath Bala (DIN: 01645781)
  • Sri. Arun Selvaraj (DIN: 01829277)
  • Justice Smt. Chitra Venkataraman (DIN: 07044099)
  • Ms. Shivali Jayavarthanavelu (DIN: 07441741)
  • Sri. G. Mani (Managing Director, DIN: 08252847)

Key Managerial Personnel

  • Chief Financial Officer: Sri. C. V. Venkatesh
  • Company Secretary: Sri. S. K. Radhakrishnan

Related Party Transactions

  • Transactions with LMW Limited (Related Party):
  • FY26 total transactions: ₹7,410.75 lakhs
  • Includes purchase of goods (₹720.51 lakhs), purchase of fixed assets (₹831.19 lakhs), sale of goods (₹4,051.51 lakhs), services (₹477.30 lakhs), agency arrangement (₹1,318.68 lakhs)
  • Seeking approval for ₹200 crores limit for transactions until next AGM
  • Company holds 2.15% stake in LMW Limited

Capital Structure

  • Authorized Share Capital: ₹500 lakhs (50,00,000 shares of ₹10 each)
  • Paid-up Share Capital: ₹307.15 lakhs (30,71,500 shares of ₹10 each)
  • No change in share capital during the year

Registrars and Share Transfer Agents

MUFG Intime India Private Limited (formerly Link Intime India Private Limited)

Bankers

  • Indian Overseas Bank
  • Indian Bank
  • IDBI Bank Limited

Key Ratios (Significant changes >25%):

  • Interest coverage ratio: 4.67 (3.72 in FY25) - 25.53% increase
  • Debt equity ratio: 0.23 (0.15 in FY25) - 53.33% increase
  • Operating margin: 9.67% (7.71% in FY25) - 25.42% increase
  • Net profit margin: 0.87% (negative 0.44% in FY25) - 297.72% improvement

Corporate Governance

  • Board met 5 times during FY26
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship) functioning
  • Vigil mechanism and whistle blower policy in place
  • No complaints received under sexual harassment policy

CSR Activities

  • Spent ₹40 lakhs on CSR despite no obligation due to previous year loss
  • Focus on education infrastructure development

Important Dates

  • Book closure: July 14-20, 2026
  • E-voting period: July 17-19, 2026
  • Dividend payment: On or before August 14, 2026

Forward Outlook

  • Textile division: Positive outlook supported by government initiatives
  • Engineering division: Steady growth expected from infrastructure spending
  • Agency division: Continued focus on textile machinery modernization