Celebrity Fashions Ltd

AGM Details

• AGM held on 30 September 2026 at 11:00 IST through VC/OAVM.
• Remote e-voting from 26 September 2026 9:00 AM to 29 September 2026 5:00 PM.
• No record/book closure dates mentioned.

Resolutions

• Ordinary Resolution: Adoption of audited financial statements with reports.
• Ordinary Resolution: Re-appointment of Venkatesh Rajagopal by rotation.

Voting Results

• Results for adoption of financials pending; to be declared within two working days.
• Results for re-appointment pending; to be declared within two working days.

Dividend

• No dividend proposed or declared at this AGM.

Director Changes

• Venkatesh Rajagopal retires by rotation; re-appointment sought.

Auditors

• No changes announced to statutory or secretarial auditors.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals announced.

Celebrity Fashions Limited — Trading Window closure period will commence from 01st October, 2026 (Thursday) and shall remain in effect till 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ending on 30th September 2026.

Rating Action Details

• Bank loan facilities of ₹70.12 crore rated; long-term B+/Stable, reaffirmed.
• Short-term rating: Crisil A4, reaffirmed.
• Rating agency: Crisil.
• Outlook on long-term rating: Stable.
• Date of communication: 18 September 2026.

Book closure for AGM

• Book closure from 23 September 2026 to 30 September 2026 for 37th AGM.
• AGM on 30 September 2026 at 11:00 AM IST via VC/OAVM.
• Notice of AGM available on the company's website.

Financial highlights

• Revenue from operations: 172.06 Cr, up from 165.26 Cr.
• Total income: 172.48 Cr.
• PAT: (15.72) Cr, improved from (18.26) Cr.
• EBITDA loss: (5.50) Cr.
• EPS, Basic and Diluted: (2.63) Rs per share.
• Dividend: not declared for FY2025-26.
• Paid-up capital: Rs 64.55 Cr; 6.45 Cr shares outstanding.
• Exports 160.27 Cr; Domestic 11.79 Cr.

Capital actions & capital structure

• Authorised capital reclassified to 7.0 Cr equity + 2.0 Cr preference; total Rs 90 Cr.
• Preferential allotment of 4,869,933 shares at Rs 10.31; to promoters and others.
• Paid-up equity capital increased to Rs 64.54 Cr after allotment.
• CRPS fully redeemed; final redemption completed March 2026.

Operations & business context

• Single garment manufacturing segment; exports dominate revenue.
• Tariff-related discounts total about 18.70 Cr, pressuring margins.
• Avadi facility closed Aug 2025; one-time cost 6.25 Cr.
• Headcount 1,713 as of 31-Mar-2026; rationalisation ongoing.

Liquidity & balance sheet snapshot

• Current ratio around 1.01; debt dynamics reflect ongoing restructuring.
• Trade receivables 24.25 Cr; inventories 27.19 Cr.
• Cash and cash equivalents 0.37 Cr; bank deposits 26.15 Cr.
• Net worth Rs 9.62 Cr; total equity: Rs 9.62 Cr; equity capital Rs 64.55 Cr.
• Total borrowings: long-term Rs 11.89 Cr; short-term Rs 39.49 Cr.

Governance & management changes

• H. Narayanarao resigned as Company Secretary Apr 30, 2025; Vivekanandan Selvaraj appointed Jul 29, 2025.
• Board: six directors; 2 Exec, 1 non-exec non-independent, 3 independent.
• Statutory auditors: SRSV & Associates; Secretarial: BP & Associates; Internal: RVKS & Associates.

Audit, risk & controls

• Auditors' report: no qualifications; going concern basis.
• Internal controls: adequate; ICFR in place and functioning.
• Ind AS 116 (leases) adopted; Right-of-use assets and lease liabilities recognized.
• Contingent liabilities include SBI recompense claim of 56.19 Cr.

Regulatory & shareholder matters

• AGM planned for 30-Sep-2026 via VC/OAVM; remote e-voting 26-29 Sep 2026.
• Postal ballot on 18-Feb-2026: reclassification of capital and preferential issue approved.
• Dematerialised share transfers; PAN required; nominations facility for physical holders.

Dividends & outlook

• Dividends not declared; 1% CRPS arrears outstanding since inception.
• Outlook: tariff volatility remains risk; focus on cost discipline and sustainable profitability.

Meeting Details

• Board meeting scheduled for 01 August 2026; time and location not disclosed.

Key Agenda Items

• Un-audited financial results for the quarter ended 30 June 2026 to be considered.

Other Notes

• Trading window closed for designated persons and their immediate relatives until 03 August 2026 after results declaration.

Dematerialisation processing and listing

• Dematerialisation requests processed; confirmations issued to depositories.
• Dematerialised securities listed on the relevant stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository registered owner updated within timelines.

FY26 results

• 📊 Revenue from operations rose 4.1% to ₹172.06 crore in FY26.
• 📊 Total income increased 4.1% to ₹172.48 crore in FY26.
• 📊 EBITDA was not disclosed; PBT loss widened to ₹15.72 crore.
• 📊 PAT loss was ₹15.72 crore, versus ₹18.26 crore in FY25.
• 📊 Total comprehensive loss improved to ₹15.95 crore from ₹18.44 crore.

Quarterly performance

• 📊 Q4FY26 revenue from operations was ₹43.49 crore, down 15.6% year-on-year.
• 📊 Q4FY26 total income was ₹43.74 crore, versus ₹51.85 crore last year.
• 📊 Q4FY26 PBT loss narrowed to ₹1.62 crore from ₹2.15 crore.
• 📊 Q4FY26 total comprehensive loss was ₹1.85 crore, versus ₹2.33 crore.

Costs and margins

• 📊 Material cost was ₹74.08 crore in FY26, broadly flat year-on-year.
• 📊 Employee expense was ₹60.75 crore in FY26, broadly flat year-on-year.
• 📊 Finance cost rose to ₹6.10 crore in FY26 from ₹5.77 crore.
• 📊 Other expenses fell to ₹33.39 crore in FY26 from ₹36.28 crore.
• 📊 Q4 included ₹7.01 crore of tariff-related discounts and price reductions.

Balance sheet and cash flow

• 📊 Inventories fell to ₹27.19 crore at FY26-end from ₹47.54 crore.
• 📊 Trade receivables fell to ₹24.25 crore from ₹53.11 crore.
• 📊 Bank balances other than cash rose to ₹26.15 crore from ₹5.98 crore.
• 📊 Total assets declined to ₹111.60 crore from ₹147.03 crore.
• 📊 Net cash from operations improved to ₹30.74 crore from ₹3.07 crore.
• 📊 Cash and cash equivalents closed at ₹0.37 crore.

Capital structure

• 📊 Equity share capital increased to ₹64.55 crore from ₹59.68 crore.
• 📊 Other equity remained negative at ₹54.93 crore.
• 📊 Borrowings included ₹11.89 crore non-current and ₹39.49 crore current liabilities.

Audit and governance

• 📍 Statutory auditors issued an unmodified opinion on FY26 audited results.
• 📍 Board reappointed M/s. R V K S and Associates as internal auditors for FY27.
• 📍 The company reported accumulated losses of ₹54.93 crore as at 31 March 2026.

Operations and risks

• 🗒️ The company operates exclusively in garments.
• ⚠️ Management cited U.S. tariffs and broader industry conditions as key pressure points.
• 🗒️ The company said labour code changes were assessed and employee liability impact was not material.

Business model

• 🗒️ Celebrity Fashions Limited is a garments manufacturer.
• 🗒️ Revenue is generated from garment operations in a single operating segment.