Aarnav Fashions Ltd

Aarnav Fashions Limited trading window closed from 15 October 2026 until 48 hours after the submission of the unaudited financial results for the quarter and half year ended 30 September 2026.

Financial highlights

• Revenue from operations: 46,240.44 Lakh; FY26 up 21.85% YoY.
• Total income: 46,308.03 Lakh.
• PBT: 1,313.11 Lakh; PAT: 934.64 Lakh.
• Total comprehensive income: 1,010.16 Lakh.
• EPS: 2.21; No dividend declared for FY26.
• Net debt: 10,461.19 Lakh; gearing 0.53x.
• Cash & equivalents: 419.03 Lakh; liquidity position supportive.
• Credit rating: BBB (Stable) long-term; A3+ short-term per CARE.

Operations & strategy

• Single operating segment: Textile products.
• NSE listing achieved on Feb 23, 2026.
• Registered office shifted to Isanpur, Narol area, Ahmedabad.
• 43rd AGM scheduled for Sep 30, 2026; remote e-voting enabled.
• Business scope unchanged; no CSR applicability under Act XXI.

Capital structure & liquidity

• Authorized capital: ₹69.47 Cr; paid-up capital: ₹42.2386 Cr.
• Non-current borrowings: ₹1,432.26 Lakh; current borrowings: ₹9,447.96 Lakh.
• Total borrowings ~₹10,880.22 Lakh; net debt ₹10,461.19 Lakh.
• Cash & cash equivalents: ₹419.03 Lakh; total equity: ₹19,658.28 Lakh.

Governance & leadership

• Board of six directors: 2 Executive, 3 Independent, 1 Woman.
• Secretarial Auditor: Ravi Kapoor & Associates; five-year term (FY2026-31).
• Auditors: Nahta Jain & Associates; annual audit without qualifications.
• Board meetings held: eight in FY2025-26.
• Committees: Audit, Nomination & Remuneration, Stakeholders; governance framework in place.

Related party transactions

• Arm's-length related party transactions with group concerns.
• Related parties include Aarnav Industries Pvt Ltd and One World Texofab Ltd.
• All RPTs reviewed and approved by Audit Committee; Form AOC-2 attached.

Audit & internal controls

• Internal financial controls are adequate; ICFR tested; no material weaknesses.
• Secretarial audit (Annexure A) shows no reservations; unmodified opinion.
• Internal audit conducted by M/s Mayur B Parikh; 2025-26 year.

Risks & outlook

• Macro and currency risks; textiles sector undergoing transformation (Textiles 4.0).
• Outlook supported by India growth, PLI, PM MITRA, and India-UK trade agreement.
• Competition from other low-cost regions (Bangladesh, Vietnam) remains a risk.

AGM Details

• AGM on 30 September 2026 at 3:00 PM, physical meeting in Ahmedabad.
• Register of Members closed 24–30 September 2026.
• Remote e-voting 27–29 September 2026; cut-off date 23 September 2026.

Resolutions to be considered

• Adoption of Audited Financial Statements for FY ended 31 March 2026.
• Re-appointment of Ms. Nidhi Sanjaykumar Aggarwal as Non-Executive Director.
• Ratify remuneration to Cost Auditor for FY 2026-27: Rs 55,000 plus taxes and expenses.
• Approve appointment of Ravi Kapoor & Associates as Secretarial Auditor for five years.

Dividend

• No dividend proposed or declared.

Directors

• Ms. Nidhi Sanjaykumar Aggarwal to be re-appointed as Non-Executive Director.

Auditors and Secretarial Auditor

• Cost Auditor remuneration ratified for FY 2026-27: Rs 55,000 plus taxes and expenses.
• Secretarial Auditor appointment approved for five years; remuneration cap to be fixed.

Related Party Transactions

• No material related party transactions approved.

Voting status

• Voting results not disclosed in this filing.

AGM planning and notices

• Draft Notice, Directors' Report and related AGM documents approved.
• 43rd AGM fixed for Sep 30, 2026 at 3:00 PM in Ahmedabad.
• Notice and Annual Report for FY2025-26 to be emailed to members.
• Email notice cut-off date: Sep 4, 2026.
• Voting eligibility cut-off date: Sep 23, 2026.
• Record date for AGM: Sep 24, 2026.
• Remote e-voting window: Sep 27, 2026 9:00 AM to Sep 29, 2026 5:00 PM.

Scrutinizer appointment

• Appointed Mr. Ravi Kapoor as Scrutinizer for remote e-voting and ballot at AGM.

Secretarial Audit

• Secretarial Audit Report for FY2025-2026 placed before and adopted.

Financial results

• Approved unaudited quarterly results for quarter ended 30 June 2026; limited review report by statutory auditors.

Meeting Details

• Board meeting scheduled for Saturday, May 30, 2026.
• Meeting will be held at the company's registered office.

Key Agenda Items

• Approve audited financial results for quarter and financial year ended March 31, 2026.
• Consider the statutory auditors' audit report for the corresponding period.

Other Notes

• Trading window is closed from April 1, 2026 until 48 hours after results adoption.