Board Meeting Outcomes

The Board of Directors meeting was held on November 03, 2026 from 4:00 PM to 5:00 PM. The Board:

1. Considered, approved and adopted the standalone and consolidated un-audited financial results for the quarter and half year ended September 30, 2026

2. Accepted the resignation of Mr. Suketu Shah from the position of Chief Executive Officer, effective November 03, 2026

3. Appointed Mr. Ravindra Bajranglal Bajaj as the Chief Executive Officer, effective November 03, 2026

Financial Results - Standalone (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹36,632.55 lakh (₹366.33 crore)
  • Other Income: ₹17.22 lakh
  • Total Income: ₹36,649.77 lakh
  • Total Expenses: ₹35,332.36 lakh
  • Profit before tax: ₹1,317.41 lakh (₹13.17 crore)
  • Tax expense: ₹254.77 lakh
  • Profit for the period: ₹1,062.64 lakh (₹10.63 crore)
  • Earnings per share (EPS): ₹0.43 (basic and diluted)
  • Paid-up equity share capital: ₹12,380.50 lakh (face value ₹5 each)

Financial Results - Standalone (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹74,541.27 lakh
  • Other Income: ₹26.03 lakh
  • Total Income: ₹74,567.30 lakh
  • Total Expenses: ₹72,303.66 lakh
  • Profit before tax: ₹2,263.64 lakh
  • Tax expense: ₹496.33 lakh
  • Profit for the period: ₹1,767.32 lakh
  • Earnings per share (EPS): ₹0.71 (basic and diluted)

Financial Results - Consolidated (Quarter Ended September 30, 2026)

  • Profit for the period: ₹1,157.37 lakh (including share of associates' profit of ₹94.73 lakh)
  • Total comprehensive income: ₹1,159.52 lakh
  • Earnings per share (EPS): ₹0.47 (basic and diluted)

Financial Results - Consolidated (Half Year Ended September 30, 2026)

  • Profit for the period: ₹1,872.99 lakh (including share of associates' profit of ₹105.66 lakh)
  • Total comprehensive income: ₹1,881.88 lakh
  • Earnings per share (EPS): ₹0.71 (basic and diluted)

Management Changes

Resignation of Mr. Suketu Shah:

  • Resigned as Chief Executive Officer effective November 03, 2026
  • Reason: Personal reasons and other professional engagements
  • Not related to any director, KMP, or promoters of the company
  • Not holding any shares of the company
  • Submitted resignation letter dated November 03, 2026

Appointment of Mr. Ravindra Bajranglal Bajaj:

  • Appointed as Chief Executive Officer effective November 03, 2026
  • Whole-Time Director of the company since May 25, 2019
  • MBBS professional with 36 years of experience in textile industry
  • Expertise in spinning of cotton and synthetic yarns, fabric production, knitted apparel, and plant operations
  • Not related to any director, KMP, or promoters of the company
  • Not holding any shares of the company

Auditor Review

The financial results were reviewed by S V J K and Associates, Chartered Accountants (Firm Reg. No. 135182W) who issued a limited review report stating nothing came to their attention causing belief that the statements contain material misstatement.

Segment Information

The company has only one segment of activity namely Textile.

Notes

  • Figures are in ₹ lakh except per share data
  • Previous period figures have been regrouped/reclassified where necessary for comparability
  • Results prepared in compliance with Indian Accounting Standards (Ind-AS)
  • The company is implementing the consolidated Labour Codes notified by Ministry of Labour and Employment