Company Overview

Key Quantitative Figures

Financial Performance (FY 2025-26 vs. FY 2024-25)

  • Revenue from Operations: ₹898.02 crore (up from ₹868.16 crore in FY25) - a 3.43% increase.
  • Net Profit After Tax (PAT): ₹26.59 crore (compared to ₹28.07 crore in FY25).
  • EBITDA: ₹104.87 crore.
  • EBITDA Margin: 11.71%.
  • Exports: ₹479.70 crore (56.30% of revenue), up from ₹443.00 crore in FY25.
  • Total Assets: ₹922.47 crore (vs. ₹833.71 crore).
  • Total Borrowings: ₹313.60 crore (Non-current: ₹88.38 crore; Current: ₹194.91 crore).
  • Equity Share Capital: ₹19.82 crore (1,98,20,000 equity shares of ₹10 each).
  • Earnings Per Share (EPS): ₹13.89.

Operational Highlights

  • Total Spinning Capacity: 1,08,288 spindles.
  • Dye House Capacity: 35 tons/day.
  • Knitted Fabric Capacity: 8 tons/day.
  • Workforce: 2,482 employees.
  • Customer Base: Over 600 domestic and 250 international customers across 50+ countries.

Sustainability Metrics

  • Green Energy Consumption: ~11.50% of power requirement from hydro and solar sources.
  • GHG Emission Reduction: 24% reduction in Scope 1 & 2 emission intensity achieved in FY26.
  • Water Recycled: Up to 20%.
  • CSR Spend: ₹0.82 crore, impacting 300+ persons.

Dates of Action

  • AGM Date: September 28, 2026, at 11:00 A.M.
  • Book Closure Date: September 21, 2026, to September 28, 2026 (both days inclusive).
  • Board Meeting Dates: Five meetings held on May 17, 2025; August 8, 2025; November 10, 2025; January 9, 2026; February 7, 2026.
  • Fire Incident: February 14, 2026, at Manufacturing Unit-I, Baddi.
  • Auditor's Report Date: May 14, 2026.

Parties Involved

  • Regulator: BSE Limited, SEBI.
  • Statutory Auditors: B. Chhawchharia & Co., Chartered Accountants.
  • Cost Auditors: K.K. Sinha & Associates, Cost Accountants.
  • Secretarial Auditor: Ramesh Bhatia, Practicing Company Secretary.
  • RTA: MUFG Intime India Private Limited.
  • Bankers: UCO Bank, Central Bank of India, Union Bank of India, Bank of India, Canara Bank, Bank of Baroda.
  • Insurance Company: Not named; claim for fire incident is pending.

Purpose / Rationale

The disclosure is a mandatory annual filing to comply with SEBI LODR Regulations. The Board's Report and MDA provide a detailed overview of the company's performance, strategy, and outlook. The modernization and expansion plans are aimed at increasing value-added product share and improving operational efficiency.

Financial & Operational Impact

Explicitly Stated Impact:

  • The fire incident on February 14, 2026, resulted in a recognized insurance claim receivable of ₹3.16 crore for raw material damage (net of salvage value). The impact on property and machinery is unbooked and contingent pending assessment.
  • Modernization project of ₹61 crore from the previous year is in final stages of implementation. A new ₹170 crore project for dye house expansion and spinning modernization was approved by the Board on June 25, 2026, to be funded by internal accruals/debt.
  • The company wrote off a doubtful debt of ₹10.89 crore related to a claim rejected under the IBC process.

Capital Structure Impact: No change in share capital during the year. No ESOPs or new issuances.

Cash Flow Implications: Capital expenditure incurred on property, plant, and equipment. Dividend not declared, conserving cash.

Forward-Looking Guidance

  • Management Commentary (MDA): Focus on deepening engagement in higher-value segments like dyed yarn and cotton-based mélange yarns for international sweater applications and fine-knit segments in India. Aim to build new brand relationships and strategic tie-ups.
  • Modernization Plan: The ₹170 crore expansion project is expected to be completed by March 31, 2028.
  • Sustainability Goal: Commitment to achieve net-zero emissions by 2050.

Material Changes & Comparisons

  • Revenue: Increased by 3.4% YoY.
  • PAT: Decreased from ₹28.07 crore to ₹26.59 crore YoY.
  • Borrowings: Increased from ₹294.84 crore to ₹313.60 crore YoY.
  • Inventory Days: Increased to 141 days from 134 days YoY.
  • Trade Receivables Days: Increased to 59 days from 51 days YoY.

Clarifications

  • The unclaimed suspense account holds 400 shares for 6 shareholders.
  • The company has a branch office in Poland operational since FY 2018-19.
  • The company is not considered a Wilful Defaulter.