E-Land Apparel Ltd

E-Land Apparel Limited — Closure of Trading Window from October 1, 2026 until 48 hours from the announcement of the unaudited financial results for the quarter and half year ended September 30, 2026.

AGM details

• AGM held on 30 September 2026 at 3:00 PM IST via VC/OAVM.
• Deemed venue: registered office for the meeting.
• Remote e-voting window: 26 Sep 2026 9:00 AM IST to 29 Sep 2026 5:00 PM IST.
• AGM concluded at 3:21 PM IST.

Key resolutions

• Ordinary: Adoption of Financial Statements for FY ended 31 March 2026.
• Ordinary: Re-appointment by rotation of Dong Ju Kim.
• Special: Appointment of Shankar Bhat as Non-Executive Independent Director.
• Special: Appointment of B Sandhiya as Non-Executive Independent Director.
• Special: Appointment of Hong Jin Lim as Joint Managing Director from 9 July 2026.
• Special: Approval of Material Related Party Transactions.

Voting status

• Outcome of resolutions not disclosed; e-voting results to be declared within 2 working days.
• No dissent or notable voting patterns stated in the excerpt.

Dividend

• Dividend: No proposal or declaration mentioned.

Director changes

• Appointment of Shankar Bhat as Non-Executive Independent Director.
• Appointment of B Sandhiya as Non-Executive Independent Director.
• Appointment of Hong Jin Lim as Joint Managing Director.
• Re-appointment by rotation of Dong Ju Kim.

Auditor appointments

• Statutory Auditor: SINGHI & CO; no observations for FY 2025-26.
• Secretarial Auditor: DSM and Associates; no qualifications for FY 2025-26.

Material related party transactions

• Approval sought for material related party transactions; counterparty and value not disclosed.

Other material approvals

• No other material approvals disclosed in the filing.

Financial snapshot

• Revenue from operations: 26099.70 Lakhs in FY2025-26.
• Total revenue: 27048.94 Lakhs; year-on-year decline.
• Net loss after tax: 4730.98 Lakhs; EPS -9.86.
• Total comprehensive income: -4751.08 Lakhs; OCI -24.79.
• Cash flow from operations: 323.76 Lakhs; investing -3838.15; financing 3317.23.
• Ending cash balance: 108.38 Lakhs.
• Dividend: no dividend declared.

Geography & customers

• Geography mix: India 4,145.81; Outside India 21,953.88.
• Major garment customers contributed 15,329.51 Lakhs.
• Single reportable segment: garment manufacture and sale.
• Export incentives: 1,346.76 Lakhs included in revenue.

Capital structure & liquidity

• Total borrowings: 11,678.25 Lakhs; Lease liabilities: 7,166.42 Lakhs.
• Equity position: Total equity at (53,228.97) Lakhs; negative.
• Cash and cash equivalents: 250.92 Lakhs; total liquidity under pressure.
• HDFC working capital loan: ₹1,700 Lakhs; Shinhan overdraft: ₹304.5 Lakhs.
• Post-shipment credit from HDFC: ₹1,000 Lakhs.

Governance & board changes

• Maggie Thomas Kajjer appointed Independent Director on 29 May 2025.
• Shankar Bhat appointed Independent Director on 27 July 2026.
• Sandhiya Balamurugan appointed Independent Director on 29 July 2026.
• Hong Jin Lim appointed Joint Managing Director, Sept 30, 2026.
• Mr. Woo Sang Kim appointed as Whole-time Director and CFO on 20 Jan 2026.

Audit & controls

• Statutory auditor: Singhi & Co; Secretarial: DSM & Associates; Internal: MK Bagrecha.
• Auditors’ report: no material qualifications; going concern supported by holding company.
• Internal controls are adequate; audit committee reviews internal findings.
• Secretarial audit and certificate of compliance issued.

Related party transactions

• Material related party transactions require shareholder approval; 10% turnover threshold.
• E Land World Co Ltd: 97,50,00,000 Rs; E-Land Global Ltd: 30,00,00,000 Rs.
• Audit Committee oversight; omnibus approvals used for RPTs.

AGM & corporate actions

• 29th AGM scheduled Sept 30, 2026 via VC/OAVM.
• E-voting: Sept 26-29, 2026; cutoff date Sept 23, 2026.
• No proxies due to VC/OAVM format; 1,000 members capacity for VC participation.

CSR & sustainability

• CSR liability is nil; average net profit negative for three preceding years.
• CSR annexure attached; no expenditure required for FY2025-26.

Results snapshot

• Q1 FY27 unaudited results approved; quarter ended 30 June 2026.
• Loss for the quarter: Rs 892.91 Lakhs; net worth eroded.
• Going concern basis preserved; holding company to provide financial support.
• Auditor notes no material misstatement; going concern noted in Note 2.
• Single reportable segment: Garments.
• Board meeting held on 14 August 2026.

Meeting Details

• Meeting scheduled Aug 14, 2026; time and venue not disclosed.

Key Agenda Items

• Review, consider and approve unaudited financial results for quarter ended June 30, 2026, with Limited Review Report.
• Publication of results subject to Regulation 33 disclosure.
• Any other business arising from board discussion.

Other Notes

• Trading window closed till Aug 14, 2026; 48 hours after results declaration.

Appointments

• Appointed Sandhiya Balamurgan as Additional Non-Executive Independent Director, 30-Jul-2026, for five years till 29-Jul-2031, subject to shareholders' approval.
• Profile: AI leader with PhD in CS, 10+ years in AI, IoT.

AGM Scheduling

• AGM scheduled for 20-Aug-2026; rescheduled to a later date; revised date to be intimated.

Appointments/Resignations

• Appointed Mr. Shankar Bhat as Additional Non-Executive Independent Director effective 27 July 2026.
• Term five years, subject to shareholder approval; not liable to retirement by rotation.
• Brief profile attached in Annexure-1.

AGM Details

• AGM scheduled for 20 August 2026 via VC/OAVM.
• Notice of AGM and FY2025-26 Annual Report to be sent electronically to members with registered emails.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during 01.04.2026 to 30.06.2026.