Board Meeting Details

The Board of Directors meeting was held on 12th August 2026, commencing at 03:45 p.m. and concluding at 04:15 p.m.

Key Outcomes Approved

1. Financial Results Approval

The Board approved the Standalone Un-audited Financial Results for the quarter ended 30th June 2026. The results were reviewed by the Audit Committee and include a Limited Review Report from statutory auditors M/s. V. Goyal & Associates, Chartered Accountants, Kolkata (FRN: 312136E).

2. 44th Annual General Meeting (AGM)

  • Approved the notice of the 44th AGM to be held on 24th September 2026
  • Meeting will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) at 11:30 A.M.
  • Cut-off date for determining shareholders entitled to vote: 1st September 2026
  • Share transfer books will remain closed from 18th September 2026 to 24th September 2026 (both dates inclusive)

3. Corporate Governance Reports

Approved the Corporate Governance Report and Management Discussion & Analysis Report for the financial year ended March 31, 2026.

4. Scrutinizer Appointment

Appointed Mr. Vivek Mishra (Membership No. 85408, COP No. 17218), Practicing Company Secretary and Partner at M&A Associates, as scrutinizer for the 44th AGM.

5. Management Remuneration

Approved revision of remuneration for Mr. Varun Loyalka (DIN: 07315452), Managing Director, increasing his salary by ₹50,000 per month based on recommendation of NRC Committee.

6. Accounting Software

Approved adoption of accounting software for maintaining day-to-day books of accounts.

Financial Performance Summary (Standalone)

Quarter Ended June 30, 2026 (Unaudited)

  • Total Income: ₹142.90 lakh (₹14.29 crore)
  • Revenue from Operations (Net): ₹134.90 lakh
  • Other Income: ₹8.00 lakh
  • Total Expenditure: ₹150.80 lakh
  • Profit/(Loss) before tax: (₹7.90 lakh) loss
  • Tax Expense: (₹1.90 lakh) [Deferred tax]
  • Net Profit/(Loss) for the period: (₹6.00 lakh) loss
  • Total Comprehensive Income: (₹0.40 lakh) loss
  • Earnings Per Share (Basic & Diluted): (₹1.11) [Face value ₹10 each]
  • Paid-up Equity Share Capital: ₹540.00 lakh (54,00,000 shares of ₹10 each)

Comparative Performance

Vs. Quarter Ended June 30, 2025:

  • Total Income decreased from ₹189.20 lakh to ₹142.90 lakh
  • Net Profit turned from profit of ₹14.00 lakh to loss of ₹6.00 lakh
  • EPS decreased from ₹2.59 to (₹1.11)

Vs. Quarter Ended March 31, 2026:

  • Total Income decreased from ₹145.20 lakh to ₹142.90 lakh
  • Net Loss increased from ₹1.20 lakh to ₹6.00 lakh
  • EPS decreased from (₹0.22) to (₹1.11)

Segment-wise Performance (Quarter Ended June 30, 2026)

Revenue by Segment:

  • Silk Fabrics/Made-ups: ₹22.30 lakh
  • Industrial Leather Hand Gloves/Made-ups: ₹85.40 lakh
  • EOU - Silk Fabrics: ₹27.20 lakh
  • Yarn: ₹0.00 lakh
  • Total Segment Revenue: ₹134.90 lakh

Segment Results (Profit/Loss before tax and interest):

  • Silk Fabrics/Made-ups: (₹1.60 lakh) loss
  • Industrial Leather Hand Gloves/Made-ups: (₹0.10 lakh) loss
  • EOU - Silk Fabrics: (₹2.90 lakh) loss
  • Yarn: (₹0.80 lakh) loss
  • Total Segment Results: (₹5.40 lakh) loss

Segment Assets (as of June 30, 2026):

  • Total Assets: ₹970.10 lakh
  • Silk Fabrics/Made-ups: ₹430.60 lakh
  • Industrial Leather Hand Gloves/Made-ups: ₹249.90 lakh
  • EOU - Silk Fabrics: ₹170.70 lakh
  • Yarn: ₹118.80 lakh
  • Unallocable: ₹0.10 lakh

Segment Liabilities (as of June 30, 2026):

  • Total Liabilities: ₹131.20 lakh

Auditor's Limited Review Report

M/s. V. Goyal & Associates issued an unmodified conclusion stating that nothing has come to their attention causing them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.