Key Financial Highlights (FY 2025-26)

  • Revenue: ₹25,488.58 lakh (₹254.89 crore), up 58.3% from FY25 (₹16,103.22 lakh)
  • EBIDT: ₹3,368.25 lakh, up 67.5% from FY25 (₹2,011.16 lakh)
  • Net Profit: ₹1,930.45 lakh (₹19.30 crore), up 50.9% from FY25 (₹1,279.76 lakh)
  • EPS: ₹13.35 (basic and diluted), up from ₹11.58 in FY25
  • Exceptional Item: ₹137.35 lakh loss due to fire incident at Bhiwandi warehouse
  • Total Comprehensive Income: ₹1,931.00 lakh
  • Dividend: No dividend recommended for FY26

Capital Structure Changes

  • Preferential Allotment: 20,07,500 equity shares allotted at ₹10 face value + ₹71 premium per share
  • Paid-up Capital: Increased to ₹14,67,03,800 (1,46,70,380 shares) from ₹12,66,29,000
  • Authorized Capital: ₹20,00,00,000 (190,00,000 equity shares + 10,00,000 preference shares)

16th Annual General Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 01:00 PM (IST)
  • Mode: Video Conference/Other Audio-Visual Means
  • Record Date: September 22, 2026
  • Book Closure: September 23-29, 2026 (both days inclusive)

Agenda Items

Ordinary Business

1. Adoption of financial statements for FY ended March 31, 2026

2. Re-appointment of Mr. Vedant Bang (DIN: 09506327) who retires by rotation

Special Business

3. Approval of Material Related Party Transaction with Bang Overseas Limited:

  • Maximum value: ₹200 crore
  • Nature: Sale/purchase of raw materials and finished goods
  • Tenure: 1 year from September 30, 2026 to September 29, 2027
  • FY26 transactions: Purchases ₹116.95 crore, Sales ₹81.02 crore
  • Represents 78.46% of company's annual consolidated turnover

4. Approval of Material Related Party Transaction with Vedanta Creations Limited:

  • Maximum value: ₹100 crore
  • Nature: Sale/purchase of goods and services
  • Tenure: 1 year from September 30, 2026 to September 29, 2027
  • Represents 39.23% of company's annual consolidated turnover

5. Reappointment of Mr. Vedant Bang as Managing Director:

  • Period: 3 years from October 1, 2026 to September 30, 2029
  • Remuneration: ₹6,00,000 to ₹12,00,000 per month
  • Current remuneration: ₹90 lakh per annum
  • No sitting fees for board/committee meetings
  • Notice period: 6 months

Board of Directors

  • Mr. Brijgopal Balaram Bang (Chairman & Managing Director)
  • Mr. Vedant Bang (Managing Director - E-Comm)
  • Mrs. Vandana Bang (Non-Executive Director)
  • Mrs. Kavita Chhajer (Independent Director)
  • Mrs. Anuradha Paraskar (Independent Director)
  • Mrs. Usha Ghelani (Independent Director)

Key Managerial Personnel

  • Mr. Samir Samaddar (Chief Financial Officer)
  • Mrs. Rashi Bang (Company Secretary & Compliance Officer)

Registrar & Transfer Agent

KFin Technologies Limited, Mumbai

Bankers

ICICI Bank & Bank of India

Shareholding Pattern (as on March 31, 2026)

  • Promoters: 52.32% (76,75,958 shares)
  • Public: 33.16% (48,63,739 shares)
  • Dematerialized Holdings: 99.71%
  • Physical Holdings: 0.29% (42,693 shares)

Compliance Status

  • SEBI Non-compliance: Regulation 31(2)&(3) - 100% promoter demat not achieved
  • Other: Paid fine for 1-day delay in RPT disclosure submission

CSR Expenditure

  • Required: ₹19.23 lakh (2% of average net profit)
  • Spent: ₹20.00 lakh
  • Recipients: Indore City Care Hospital Foundation (₹10 lakh) and Maharshi Welfare Foundation (₹10 lakh)

Voting Instructions

  • Remote e-voting: September 25-28, 2026 (09:00 AM to 05:00 PM)
  • E-voting service provider: NSDL
  • Scrutinizer: Mrs. Sonam Jain, Practicing Company Secretary

Important Dates

  • Cut-off date: September 22, 2026
  • E-voting period: September 25-28, 2026
  • AGM date: September 29, 2026

Material Events

  • Fire incident: November 25, 2025 at Bhiwandi warehouse
  • Insurance claim: ₹2132.17 lakh filed for inventory loss (₹2232.17 lakh book value)
  • Exceptional loss: ₹137.35 lakh (deductible amount)

Related Party Transactions (FY2025-26)

  • Bang Overseas Limited: Purchases ₹116.95 crore, Sales ₹81.02 crore
  • Vedanta Creations Limited: Minimal transactions
  • Key Managerial Personnel: Remuneration paid as disclosed

Capital Expenditure

  • Property, Plant & Equipment: ₹1,251.89 lakh (net block)
  • Additions: ₹459.19 lakh during FY26
  • Capital Work-in-Progress: ₹393.61 lakh

Internal Financial Controls

Adequate internal financial controls in place, confirmed by management and auditors

Risk Factors

  • Raw material price volatility
  • Intense competition in textile industry
  • Foreign exchange risks (minimal exposure)
  • Regulatory compliance requirements

Forward-looking Statements

The Board's Report contains cautionary statement about forward-looking statements being subject to risks and uncertainties.