Chairman's AGM statement: FY26 revenue ₹780.95 crore, PAT ₹71.56 crore, debt-free, Unit 4 modernisation planned

Transcript of the Chairman's statement at the 38th AGM.

Fri 2 Oct 2026

Revenue from operations

~₹780.95 crore, up ~11%

Profit after tax

₹71.56 crore, up ~8.85%

Exports

~₹545.5 crore

Balance sheet

Company remains debt-free

Unit 4 modernisation capex

~₹135-138 crore, target March 2027

The update is the transcript of the Chairman's statement made at the 38th Annual General Meeting, shared with the exchanges for records.

Financial performance

• Revenue from operations increased to approximately ₹780.95 crore, compared with ₹702.07 crore in the previous year, a growth of approximately 11%.
• Profit after tax increased to ₹71.56 crore, compared with ₹65.74 crore in FY 2024–25, an increase of approximately 8.85%.
• Export turnover increased to approximately ₹545.5 crore. The address says this recovery follows a decline in exports in the previous financial year and reflects customer relationships and the ability to serve international markets.

Balance sheet and cash generation

• The address states that the Company remains debt-free.
• Net cash generated from operating activities during FY 2025–26 was approximately ₹228.25 crore.
• The Chairman describes the core principle as building and sustaining a strong balance sheet, with solvency as the prime motive, and says investments have been made from internal resources rather than depending excessively on external borrowings.

Capacity and modernisation

• The Company invested approximately ₹69.96 crore during FY 2025–26, entirely from internal accruals.
• Total installed spindle capacity stands at 120,816 spindles, after further spindles were commissioned on 26-09-2026.
• The next step described is modernisation of Unit 4, with a planned investment of approximately ₹135 crore to ₹138 crore, also proposed to be funded entirely through internal accruals. The targeted operational date is March 2027.

Business approach

• The address says the focus is on differentiated products rather than simply selling spindle capacity, with emphasis on quality and consistency, technology and automation, product differentiation, customer-specific product development, operational efficiency and disciplined capital allocation.
• Systems allow finished yarn to be traced back, in many cases, to the individual bale, ginner and originating farm, which the address links to engagement with international customers.
• The address refers to long-standing relationships with leading international brands and marquee clients.

How to read this update

This is a transcript of the Chairman's address at the annual general meeting, shared for records. It sets out the year's financial performance, the export trend, the stated debt-free position, capital spending from internal accruals and the plan for Unit 4.

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