Details of Revisions

1. Related Party Transactions Correction

  • Original Error: The amount of loan/financial assistance received from directors was erroneously reported as ₹700.00 Lakhs and ₹50.00 Lakhs in the Integrated Filing for the period ended March 31, 2026.
  • Corrected Amount: The actual amount received was ₹70.00 Lakhs and ₹50.00 Lakhs, respectively.
  • Impact: The company states this error was purely inadvertent, has been rectified, and does not impact the financial statements or any other disclosures.

2. Director Identification Number (DIN) Correction

  • Incorrect DIN: An incorrect DIN was mentioned on the "Certificate of Correctness of Financial Result".
  • Correct DIN: The correct DIN of Mr. Harikrishna Chauhan is 07710106.
  • Reason: The error was due to a typographical/clerical oversight.

The company confirms that these revisions are limited to the above corrections and have no impact on the financial results, financial position, operations, or any other material disclosures.

Financial Results for Quarter and Year Ended March 31, 2026 (Rs. in Lakhs)

Income Statement Highlights

| Particulars | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) |

| Revenue from Operations | 3,440.02 | 3,435.12 | 3,058.35 | 11,728.12 |

| Total Income | 3,562.33 | 3,597.28 | 3,143.51 | 12,109.49 |

| Total Expenses | 3,502.46 | 4,134.39 | 3,270.97 | 12,919.51 |

| Profit/(Loss) before Tax | 59.87 | (537.11) | (127.46) | (810.03) |

| Tax Expense (Deferred Tax) | 98.84 | (157.61) | (13.19) | (71.09) |

| Profit/(Loss) for the period | (38.97) | (379.50) | (114.26) | (738.94) |

| Total Comprehensive Income | (36.94) | (378.79) | (114.29) | (734.79) |

| Earnings Per Share (Basic) (₹) | (0.005) | (0.05) | (0.01) | (0.09) |

Balance Sheet Position as at March 31, 2026 (Rs. in Lakhs)

| Particulars | 31.03.2026 | 31.03.2025 |

| Total Assets | 9,576.22 | 9,811.31 |

| Property, Plant & Equipment | 3,976.95 | 3,720.46 |

| Inventories | 3,881.50 | 4,274.02 |

| Trade Receivables | 513.00 | 772.98 |

| Cash & Cash Equivalents | 2.01 | 3.21 |

| Total Equity | 8,086.36 | 8,821.15 |

| Equity Share Capital | 7,874.68 | 7,874.68 |

| Other Equity | 211.68 | 946.47 |

| Total Liabilities | 1,489.86 | 990.16 |

| Long-Term Borrowings | 311.81 | 387.46 |

| Short-Term Borrowings | 191.62 | 206.66 |

| Trade Payables | 811.56 | 225.43 |

Cash Flow Statement for FY26 (Rs. in Lakhs)

| Particulars | FY26 | FY25 |

| Net Cash from Operating Activities | 767.51 | (2,957.16) |

| Net Cash used in Investing Activities | (768.86) | (225.88) |

| Net Cash from/(used in) Financing Activities | (131.87) | 3,461.97 |

| Net (decrease)/increase in Cash & Equivalents | (133.22) | 278.94 |

| Cash & Equivalents at period end | 146.70 | 279.92 |

Key Notes to Financial Results

  • The results were reviewed by the Audit Committee and approved by the Board on May 21, 2026.
  • The statutory auditors, H. B. Kalaria & Associates, have expressed an unmodified audit opinion.
  • The company operates in a single segment: "Spinning of Cotton Yarn".
  • The company notes the enactment of the Code on Social Security, 2020, effective from November 21, 2025, and is monitoring final rules.
  • An accrued gratuity liability of ₹4.21 lakh pertaining to resigned employees is included in the defined benefit obligation and is expected to be paid shortly.
  • The auditor's report includes an Emphasis of Matter stating that inventories and debtor/creditor balances have not been independently verified by them, and any adjustments could affect reported profits and net assets.
  • The auditor also noted that the company has not made payments of certain statutory dues, such as professional tax, during the reporting period.

Annexure Disclosures

B. Statement on Deviation/Variation in Use of Funds

  • Mode of Fund Raising: Right Issue
  • Date of Raising: October 7, 2024
  • Amount Raised: ₹4,874.81 Lakh
  • Deviation/Variation: No
  • Audit Committee & Auditor Comments: No Comments

C. Disclosure on Outstanding Default on Loans

  • Outstanding Loans from Banks/FIs: ₹358.03 Lakh
  • Amount of Default: None disclosed
  • Total Financial Indebtedness: ₹358.03 Lakh
  • Unlisted Debt Securities (NCDs/NCRPS): Not Applicable

D. Disclosure of Related Party Transactions (Summary for FY26)

The total value of related party transactions during the reporting period was ₹166.21 Lakh. Key transactions include:

  • Remuneration/Salary & Bonus payments to directors, relatives, and key managerial personnel.
  • Loans from Directors:
  • ₹70.00 Lakh from Mr. Harikrishna S. Chauhan (Director), outstanding ₹70 Lakh, unsecured, on demand, for day-to-day expense and working capital.
  • ₹50.00 Lakh from Ms. Ilaben Paghdar (Director), outstanding ₹50 Lakh, unsecured, on demand, for day-to-day expense and working capital.

E. Large Corporate Disclosure (FY 2025-26)

  • The company has stated that the requirements for incremental borrowing through debt securities are "Not Applicable" for the current block period.
  • There is no shortfall or penalty to be paid.

Certifications and Reports

  • The company submitted a certification signed by Mr. Harikrushna Chauhan (Chairman Cum Wholetime Director) and Ms. Poonam P. Kapupara (CFO) confirming the financial results do not contain false or misleading statements per Regulation 33.
  • A separate CEO & CFO certification was provided affirming the accuracy of results, adequacy of internal controls, and no instance of fraud.
  • The Independent Auditor's Report by H. B. Kalaria & Associates provides an unmodified opinion on the annual results and a review conclusion on the quarterly results.