Company Overview
Yajur Fibres Limited (BSE: 544676) filed its Annual Report for FY 2025-26, disclosing financial results, corporate actions, and operational updates following its successful IPO completion in January 2026.
Financial Performance
Standalone Financials (₹ in Lakhs): Revenue from operations declined to ₹10,097.15 (FY25: ₹11,385.90) with net profit of ₹752.36 (FY25: ₹1,164.28). Basic EPS dropped to ₹4.36 from ₹7.39 YoY due to lower profitability and increased share capital post-IPO and bonus issue.
Key Ratios: Net profit margin compressed to 7% (10% in FY25), return on capital employed fell to 4% (11%), while current ratio improved to 4.67 times and debt-equity ratio reduced to 0.23 times.
Corporate Actions
IPO Completion: Successfully raised ₹12,040.80 lakhs through issuance of 69.20 lakh shares at ₹174 per share, listed on BSE SME platform on January 14, 2026.
Bonus Issue: Issued 1,11,26,734 equity shares in 12:5 ratio funded from securities premium account (₹852.15 lakhs) and profit and loss account (₹260.52 lakhs).
Strategic Expansion
Subsidiary Investment: Allocating ₹4,800 lakhs from IPO proceeds to Yashoda Linen Yarn Limited for greenfield wet-spun linen yarn facility in Ujjain, Madhya Pradesh. Project includes 35-acre land on 99-year lease with Phase-I capacity of 10,880 active spindles targeting commercial operations by April 2027.
IPO Proceeds Utilization: As of March 31, 2026, utilized ₹6,423.68 lakhs of ₹12,040.80 lakhs raised, with unutilized funds temporarily invested in term deposits.
Corporate Governance & Personnel
Board Composition: Ashish Kankaria (Managing Director), Pradip Debnath (Whole-Time Director), with key managerial changes including Deepak Kumar Singh as CFO (from Feb 2026) and Punita Sharma as Company Secretary (from Apr 2026).
AGM Scheduled: September 18, 2026 to seek shareholder approval for ₹500 crore loan/guarantee limit for subsidiary funding. No dividend recommended for FY26.
Contingencies & Disclosures
Contingent Liabilities: Bank guarantees outstanding of ₹1,312.86 lakhs (PY: ₹768.88 lakhs) and disputed penalty of ₹33 lakhs under Section 88(5) of Companies Act for non-maintenance of Register of Members (1980-1990), currently under appeal.
Related Party Transactions: Significant loan transactions with Goldview Financial Services (₹488 lakhs received, ₹1,445.03 lakhs repaid) and Ambica Capital Markets (₹510 lakhs received in PY, ₹50 lakhs repaid).
CSR Activities: Spent ₹23.65 lakhs (exceeding required ₹16.05 lakhs) on donations to old age home and animal welfare.
Operational Highlights
Core Business: Manufacturing premium cottonised bast fibres (flax, jute, hemp) with 300 MT monthly capacity at Howrah, West Bengal facility. Export markets include Turkey, Indonesia, Nepal, Bangladesh, USA, and Egypt.
Subsidiary Performance: Yashoda Linen Yarn reported minimal revenue of ₹7.21 lakhs with net loss of ₹(0.30) lakhs during development phase.
The company maintains certifications including ISO9001, ISO14001, and OEKOTEX 100, positioning itself in the sustainable textiles segment with expansion plans aimed at enhancing production capabilities and market reach.