1. Approval of Un-audited Financial Results for Quarter Ended June 30, 2026

The Board of Directors approved the un-audited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from statutory auditors Doogar & Associates. Key financial figures (in ₹ lakhs):

Quarterly Performance (Q1 FY27 vs Q1 FY26):

  • Revenue from Operations: 4,642.27 (vs 4,816.92 in Q1 FY26)
  • Other Income: 2.16 (vs 9.67 in Q1 FY26)
  • Total Revenue: 4,644.44 (vs 4,826.59 in Q1 FY26)
  • Total Expenses: 4,618.54 (vs 4,781.93 in Q1 FY26)
  • Profit Before Tax: 25.90 (vs 44.66 in Q1 FY26)
  • Net Profit: 65.62 (vs 42.72 in Q1 FY26) - representing a 54% year-over-year increase
  • Total Comprehensive Income: 69.74 (vs 34.83 in Q1 FY26)
  • Basic EPS: ₹0.03 (vs ₹0.02 in Q1 FY26)
  • Diluted EPS: ₹0.03 (vs ₹0.02 in Q1 FY26)

Financial Position:

  • Paid-up Equity Share Capital: ₹2,583.11 lakh (face value ₹1 per share)
  • The company operates in a single segment: Textiles
  • The company incorporated a wholly owned subsidiary "TT Capital Partners Ltd" on July 17, 2026

2. Cancellation of Convertible Warrants and Forfeiture of Upfront Subscription Amount

The Board approved the cancellation of 8,00,000 convertible warrants and forfeiture of the upfront subscription amount of ₹2,44,00,000. Details:

  • Original allotment date: December 16, 2024
  • Issue price: ₹122 per warrant (₹10 face value + ₹112 premium)
  • Total issue size: ₹9,76,00,000
  • Warrant holders paid 25% upfront (₹2,44,00,000) at allotment
  • Exercise period: 18 months ending June 15, 2026
  • No warrants were exercised as warrant holders failed to pay the balance 75% consideration
  • Warrants lapsed on June 15, 2026

Warrant Holder Details:

  • VASM Consultants Private Limited: 2,00,000 warrants lapsed, ₹61,00,000 forfeited
  • Subhash Phootarmal Rathod: 6,00,000 warrants lapsed, ₹1,83,00,000 forfeited

Impact:

  • No change in paid-up equity share capital
  • Forfeited amount retained by company and accounted per applicable standards
  • Warrant holders lost all conversion rights

3. Resignation of Company Secretary & Compliance Officer

The Board accepted the resignation of Mr. Rahul Maurya from the position of Company Secretary & Compliance Officer (Key Managerial Personnel).

  • Resignation effective: Close of business hours on June 25, 2026
  • Reason: To pursue an alternate career opportunity
  • The Board recorded appreciation for his contributions

4. Appointment of Company Secretary & Compliance Officer

The Board appointed Mr. Shivam Sharma as Company Secretary & Compliance Officer effective August 6, 2026.

  • Qualifications: Associate Member of ICSI (ACS: 42083), Bachelor's degree in Commerce
  • Experience: Over ten years in corporate laws and secretarial matters
  • Also authorized to determine materiality under Regulation 30 of SEBI Listing Regulations

Meeting Details

The Board meeting commenced at 04:00 PM and concluded at 06:35 PM on August 6, 2026.