1. The Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2026.

2. Independent Auditor's Report on the Standalone and Consolidated Financial Results of the Company for the Financial year ended 31st March, 2026 with unmodified opinion.

Financial Results Highlights (Standalone)

Income Statement (Rs. in Lakhs):

  • Revenue from Operations: Q4 Mar-26: 4,433.17; Q3 Dec-25: 4,042.33; Q4 Mar-25: 4,738.97; FY26: 16,012.27; FY25: 17,291.47
  • Other Income: Q4 Mar-26: 422.99; Q3 Dec-25: 197.90; Q4 Mar-25: 267.87; FY26: 1,138.72; FY25: 1,199.78
  • Total Income: Q4 Mar-26: 4,856.16; Q3 Dec-25: 4,240.23; Q4 Mar-25: 5,006.84; FY26: 17,150.99; FY25: 18,491.25
  • Loss Before Tax: Q4 Mar-26: (354.10); Q3 Dec-25: (709.36); Q4 Mar-25: (794.99); FY26: (2,991.04); FY25: (3,450.43)
  • Tax Expense/(Benefit): Q4 Mar-26: (30.79); Q3 Dec-25: 31.53; Q4 Mar-25: 65.64; FY26: 124.77; FY25: 580.66
  • Net Loss: Q4 Mar-26: (323.31); Q3 Dec-25: (740.89); Q4 Mar-25: (860.63); FY26: (3,115.81); FY25: (4,031.09)
  • Total Comprehensive Loss: Q4 Mar-26: (694.16); Q3 Dec-25: (744.77); Q4 Mar-25: (9.00); FY26: (3,701.85); FY25: (4,364.24)
  • EPS (Basic & Diluted) (Rs): Q4 Mar-26: (1.60); Q3 Dec-25: (2.85); Q4 Mar-25: (2.94); FY26: (11.85); FY25: (15.51)

Balance Sheet (Standalone as of Mar 31, 2026):

  • Total Assets: Rs 31,706.79 lakhs (Mar 31, 2025: Rs 32,495.21 lakhs)
  • Equity Share Capital: Rs 2,745.81 lakhs (Mar 31, 2025: Rs 2,599.37 lakhs)
  • Other Equity: Rs 13,017.73 lakhs (Mar 31, 2025: Rs 15,366.02 lakhs)
  • Total Equity: Rs 15,763.54 lakhs (Mar 31, 2025: Rs 17,965.39 lakhs)
  • Total Liabilities: Rs 15,943.25 lakhs (Mar 31, 2025: Rs 14,529.82 lakhs)

Cash Flow (Standalone FY26):

  • Net Cash from Operating Activities: Rs 790.45 lakhs (FY25: Rs (1,152.35) lakhs)
  • Net Cash from Investing Activities: Rs (145.93) lakhs (FY25: Rs 2,511.65 lakhs)
  • Net Cash from Financing Activities: Rs (663.29) lakhs (FY25: Rs (1,346.07) lakhs)
  • Net Decrease in Cash: Rs (18.77) lakhs (FY25: Rs 13.23 lakhs increase)

Financial Results Highlights (Consolidated)

Income Statement (Rs. in Lakhs):

  • Revenue from Operations: Q4 Mar-26: 4,462.93; Q3 Dec-25: 4,127.38; Q4 Mar-25: 4,794.18; FY26: 16,151.36; FY25: 17,440.25
  • Other Income: Q4 Mar-26: 433.95; Q3 Dec-25: 261.45; Q4 Mar-25: 307.17; FY26: 1,284.73; FY25: 1,341.83
  • Total Income: Q4 Mar-26: 4,896.88; Q3 Dec-25: 4,388.83; Q4 Mar-25: 5,101.35; FY26: 17,436.09; FY25: 18,782.08
  • Loss Before Tax: Q4 Mar-26: (460.59); Q3 Dec-25: (832.47); Q4 Mar-25: (838.26); FY26: (3,378.67); FY25: (3,610.91)
  • Tax Expense/(Benefit): Q4 Mar-26: 65.93; Q3 Dec-25: 31.53; Q4 Mar-25: (520.32); FY26: 125.34; FY25: 108.68
  • Net Loss: Q4 Mar-26: (526.52); Q3 Dec-25: (864.00); Q4 Mar-25: (317.94); FY26: (3,504.01); FY25: (3,719.59)
  • Total Comprehensive Loss: Q4 Mar-26: (705.75); Q3 Dec-25: (1,052.83); Q4 Mar-25: (309.98); FY26: (3,855.89); FY25: (4,054.93)
  • EPS (Basic & Diluted) (Rs): Q4 Mar-26: (2.00); Q3 Dec-25: (3.32); Q4 Mar-25: (1.22); FY26: (13.33); FY25: (14.31)

Balance Sheet (Consolidated as of Mar 31, 2026):

  • Total Assets: Rs 34,211.10 lakhs (Mar 31, 2025: Rs 35,003.67 lakhs)
  • Equity Share Capital: Rs 2,745.81 lakhs (Mar 31, 2025: Rs 2,599.37 lakhs)
  • Other Equity: Rs 15,452.48 lakhs (Mar 31, 2025: Rs 17,954.81 lakhs)
  • Total Equity: Rs 18,198.29 lakhs (Mar 31, 2025: Rs 20,554.18 lakhs)
  • Total Liabilities: Rs 16,012.81 lakhs (Mar 31, 2025: Rs 14,449.49 lakhs)

Cash Flow (Consolidated FY26):

  • Net Cash from Operating Activities: Rs 940.48 lakhs (FY25: Rs (1,404.43) lakhs)
  • Net Cash from Investing Activities: Rs (406.63) lakhs (FY25: Rs 2,710.47 lakhs)
  • Net Cash from Financing Activities: Rs (663.74) lakhs (FY25: Rs (1,346.07) lakhs)
  • Net Decrease in Cash: Rs (129.89) lakhs (FY25: Rs (40.03) lakhs)

Statement of Deviation/Variation (Annexure A)

  • Date of Raising Funds: 16th January, 2026
  • Amount Raised: Rs 14,99,99,926.02
  • Monitoring Agency: Not Applicable
  • Deviation/Variation: None
  • Explanation: There is no deviation/variation in the utilization of funds from the stated objects.
  • Objects and Utilization:
  • Funding capital expenditure: Original Allocation: Rs 11.25 Cr; Funds Utilized: NIL; Deviation: None
  • General corporate purposes: Original Allocation: Rs 3.75 Cr; Funds Utilized: NIL; Deviation: None

Auditor Reports

  • Auditor: MSKA & Associates LLP (ICAI Firm Registration No.105047W/W101187)
  • Partner: Ankush Agrawal (Membership No.: 159694)
  • Opinion: Unmodified opinion on both standalone and consolidated financial results.
  • Basis for Opinion: Audit conducted in accordance with Standards on Auditing.

Additional Information

  • The company operates in a single segment of clothing and clothing accessories.
  • Geographical revenue breakdown (Standalone FY26): Within India: Rs 7,167.81 lakhs; Outside India: Rs 8,844.41 lakhs
  • The company allotted 14,64,414 equity shares of Rs 10 each at a premium of Rs 92.43 per share on preferential basis to promoter & promoter group on January 16, 2026, amounting to Rs 1,500.00 lakhs.
  • The financial results include impact of new Labour Codes notified on November 21, 2025, with past service cost of gratuity aggregating to Rs 116.35 lakhs recognized as employee benefits expense.
  • The results are available on the company's website and stock exchanges (BSE and NSE).

Declaration

S.Y. Noorani, Chairman & Managing Director, declared that the statutory auditors have given an audit report with unmodified opinion on the audited financial results, in compliance with Regulation 33(3)(d) of SEBI LODR Regulations.