Revision Details

The Company identified inadvertent errors and omissions in the originally submitted Annual Report and is submitting a revised version incorporating:

  • Correction of typographical errors in Board's Report where year was mentioned as "202" instead of "2026" and spelling mistakes
  • Correction of incorrect date of previous Annual General Meeting
  • Rectification of formatting and alignment issues in tabular presentations
  • Additional disclosures in Management Discussion and Analysis Report for better clarity and completeness

The Company confirmed that these revisions do not change the audited financial statements, Auditor's Report, Secretarial Audit Report, Corporate Governance Report, or resolutions proposed for shareholder approval at the ensuing AGM.

Financial Performance Highlights (FY 2025-26)

Turnover: ₹37,198.13 lakhs (7.97% YoY growth from ₹34,452.68 lakhs)

Export Turnover: ₹23,003.63 lakhs (61.84% of total turnover)

Home Textiles Segment: ₹19,197.67 lakhs

Profit After Tax (PAT): ₹1,119.58 lakhs (declined from ₹4,537.41 lakhs in FY25)

Profitability Impact Factors

The decline in profitability was attributed to:

  • Additional tariff burden and adverse global trade conditions
  • Geopolitical conflicts and war-related disruptions
  • Higher logistics costs and shipping disruptions
  • Extended transit periods and currency volatility leading to margin pressures

Manufacturing Capacity & Investments

Weaving Machines: 277 machines (163 Airjet looms, 78 Sulzer looms, 26 Rapier looms, 10 Jacquard machines)

Production Capacity: Approximately 1.7 million metres of fabric per month

Modernization Investment: Over ₹25 crore in FY26

New Machinery Installed

  • 04 Nos. 190cm ITEMA Rapier looms with Leno attachment from Italy (₹3.55 Cr)
  • 04 Nos. PICANOL OPTIMAX loom with Staubli Jacquard (₹1.80 Cr)
  • 02 Nos. PICANOL ULTIMAX Rapier looms with Fancy Beam Attachment (₹2.13 Cr)
  • 01 Sectional Warping machine from M/S. RABATEX (₹1.08 Cr)
  • 01 Yarn Conditioning Unit from M/S. SIEGER (₹0.30 Cr)
  • 01 Automatic Folding machine (₹0.20 Cr)
  • Fire Hydrant system installation (₹0.92 Cr)

Energy & Sustainability

Renewable Energy Capacity: 6.31 MW (wind and solar)

Green Energy Production: 94.31 lakh units from own infrastructure

Purchased Green Energy: 32.37 lakh units from market

Energy Efficiency Initiatives: Installed 2 energy-efficient compressors (755 CFM each, ₹72 lakhs) achieving savings of 209 units/day

Dividend & Capital Structure

FY26 Dividend: No dividend recommended

FY25 Dividend: Final dividend of ₹0.75 per equity share including bonus shares was paid

Bonus Shares: Issued 3 new bonus shares for every 2 existing shares in 2025

Share Capital: ₹1,005.69 lakhs (10,05,69,000 equity shares of ₹1 each)

Corporate Governance

Board Composition: 9 Directors (1 Executive CMD, 5 Non-Executive Independent, 3 Non-Executive including 1 Woman Director)

Board Meetings: 8 meetings held during FY26

Key Managerial Personnel: K. Thiagarajan (CMD), P. Senthil Kumar (CFO), K. Preyatharshine (Company Secretary)

AGM Details

79th Annual General Meeting: July 31, 2026 at 4:45 PM through Video Conferencing

Agenda Items: Adoption of financial statements, re-appointment of Director V. Kasinathan, ratification of Cost Auditor remuneration

E-voting Period: July 26-30, 2026

Auditor Appointments

Statutory Auditors: M/S. CNGSN & ASSOCIATES LLP (re-appointed till 80th AGM)

Cost Auditor: Mr. A. N. Raman appointed for FY26-27 at remuneration of ₹70,000

Secretarial Auditor: Mr. S. Ramalingam, Practicing Company Secretary

CSR Activities

CSR Expenditure: ₹27.75 lakhs spent through Kalaithanthai Karumuttu Thiagaraja Chettiar Memorial Charitable Trust (KKTCMCT)

CSR Committee: Reconstituted with Smt Uma Kannan, Sri M Anbukani and Sri L Sevugan

Related Party Transactions

Material contracts entered with related parties including Thiagarajar Mills Private Limited and Colour Yarns Private Limited for sale/purchase of goods and services at arm's length prices.

Risk Factors

Identified risks include raw material price volatility, export market risks, foreign exchange risk, operational risks, customer concentration, regulatory compliance, supply chain disruptions, and cybersecurity threats.

Future Outlook

Management remains optimistic about growth opportunities in home textiles demand, entry into new export markets, value-added products, and operational efficiency initiatives despite near-term challenges.