Key Decisions and Approvals
The Board of Directors considered and approved the following matters:
1. Standalone Audited Financial Results: Approved the standalone audited financial results for the quarter and year ended March 31, 2026, along with cash flow statement and auditor's report. Declaration under Regulation 33(3)(d) is enclosed as Annexure-I.
2. Consolidated Audited Financial Results: Approved the consolidated audited financial results for the quarter and year ended March 31, 2026, along with cash flow statement and auditor's report. Declaration under Regulation 33(3)(d) is enclosed as Annexure-II.
3. Dividend on Preference Shares: Recommended a dividend of 8% (₹8.00 per share) on Cumulative Redeemable Preference Shares with face value of ₹100 each for FY26, subject to shareholder approval at the ensuing AGM.
4. Dividend on Equity Shares: Recommended a dividend of 20% (₹2.00 per share) on equity shares with face value of ₹10 each for non-promoter shareholders for FY26, subject to shareholder approval. Promoters have volunteered to waive dividend on their holdings.
5. Appointment of Independent Director: Based on Nomination and Remuneration Committee recommendation, approved appointment of Sri. Gautam Damodar Sawang (DIN: 11219711) as Independent Director for five years effective May 25, 2026, subject to shareholder approval. Details provided in Annexure-III.
6. Re-appointment of Internal Auditor: Based on Audit Committee recommendation, approved re-appointment of M/s. Brahmayya & Co, Chartered Accountants, as Internal Auditor for FY26-27 under Section 138 of Companies Act, 2013. Details in Annexure-IV.
7. Re-appointment of Cost Auditor: Based on Audit Committee recommendation, approved re-appointment of M/s. Aruna Prasad & Co., Cost Accountants, as Cost Auditor for FY26-27 under Section 148 of Companies Act, 2013. Details in Annexure-V.
Financial Results Overview
Standalone Financial Results (Amount in Lakhs)
- Revenue from operations: Q4 FY26: ₹10,122; FY26: ₹47,199 (FY25: ₹48,296)
- Other income: Q4 FY26: ₹221; FY26: ₹1,813 (FY25: ₹810)
- Total income: Q4 FY26: ₹10,343; FY26: ₹49,012 (FY25: ₹49,106)
- Profit before tax: Q4 FY26: ₹1,200; FY26: ₹3,943 (FY25: ₹1,312)
- Profit after tax: Q4 FY26: ₹842; FY26: ₹2,894 (FY25: ₹982)
- EPS (basic and diluted): Q4 FY26: ₹19.72; FY26: ₹67.82 (FY25: ₹23.01)
Consolidated Financial Results (Amount in Lakhs)
- Revenue from operations: Q4 FY26: ₹10,452; FY26: ₹48,380 (FY25: ₹49,470)
- Other income: Q4 FY26: ₹162; FY26: ₹1,543 (FY25: ₹475)
- Total income: Q4 FY26: ₹10,614; FY26: ₹49,923 (FY25: ₹49,945)
- Profit before tax: Q4 FY26: ₹1,442; FY26: ₹4,605 (FY25: ₹1,891)
- Profit after tax: Q4 FY26: ₹1,081; FY26: ₹3,546 (FY25: ₹1,537)
- EPS (basic and diluted): Q4 FY26: ₹25.34; FY26: ₹83.10 (FY25: ₹36.03)
Segment-wise Performance (Consolidated)
- Spinning - Yarn: Revenue ₹48,742.47 lakhs (FY25: ₹48,771.03 lakhs), Segment results ₹4,361.19 lakhs (FY25: ₹2,045.90 lakhs)
- Solar Power: Revenue ₹1,180.22 lakhs (FY25: ₹1,174.31 lakhs), Segment results ₹666.84 lakhs (FY25: ₹578.23 lakhs)
Balance Sheet Position
Standalone (as at March 31, 2026)
- Total assets: ₹42,389 lakhs (FY25: ₹36,613 lakhs)
- Total equity: ₹27,726 lakhs (FY25: ₹24,828 lakhs)
- Non-current borrowings: ₹6,576 lakhs (FY25: ₹4,052 lakhs)
- Current borrowings: ₹1,959 lakhs (FY25: ₹2,819 lakhs)
Consolidated (as at March 31, 2026)
- Total assets: ₹44,245 lakhs (FY25: ₹37,971 lakhs)
- Total equity: ₹29,863 lakhs (FY25: ₹26,307 lakhs)
- Non-current borrowings: ₹6,576 lakhs (FY25: ₹4,052 lakhs)
- Current borrowings: ₹1,959 lakhs (FY25: ₹2,819 lakhs)
Cash Flow Statements
Standalone Cash Flow (FY26)
- Net cash from operating activities: ₹3,795.74 lakhs
- Net cash used in investing activities: ₹(5,029.44) lakhs
- Net cash from financing activities: ₹1,228.74 lakhs
- Net decrease in cash: ₹(4.96) lakhs
Consolidated Cash Flow (FY26)
- Net cash from operating activities: ₹4,907.59 lakhs
- Net cash used in investing activities: ₹(6,158.64) lakhs
- Net cash from financing activities: ₹1,243.09 lakhs
- Net decrease in cash: ₹(7.96) lakhs
Key Notes to Financial Statements
- Other income includes ₹12.98 crores reimbursement of interest paid on term loans under T-TAP Policy, Government of Telangana
- Power charges include ₹8.24 crores cross subsidy/surcharge levied in power bills up to March 2026
- Power incentive of ₹13.63 crores received during FY25 on account of power consumed during FY24
- Impact of Labour Codes assessed as not material for FY26 financial statements
- Figures for previous periods have been regrouped and reclassified for comparability
Meeting Details
The Board meeting commenced at 3:45 PM and concluded at 5:25 PM on May 25, 2026.