Euro Leder Fashion Ltd

Euro Leder Fashion Limited — Trading window closed for designated persons from 1 October 2026 till 48 hours after the declaration of unaudited results for the quarter ended 30 September 2026

AGM details

• Date and time: 24 Sep 2026, 11:00 AM–11:38 AM
• Mode: VC/OAVM
• Cut-off date: 17 Sep 2026
• Shareholders on record: 5,610; total shares: 4,473,600

Resolutions and results

• Resolution 1 (Ordinary): adoption of Audited Financial Statements and Reports; passed
• Resolution 2 (Ordinary): re-appointment of Kavinesan I.M as Director by rotation; passed
• Resolution 3 (Special): re-appointment of RM Lakshmanan as MD for five years; passed
• Resolution 4 (Special): re-appointment of Ravindran Varadarajan as Independent Director for five years; passed

Directors and key management

• Kavinesan I.M reappointed as Director by rotation
• RM Lakshmanan reappointed as Managing Director for five years
• Ravindran Varadarajan reappointed as Independent Non-Executive Director for five years

AGM update

• 34th AGM held today, 24 September 2026, at registered office via VC/OAVM
• Remote e-voting conducted from 21 to 23 September 2026; attendees could vote during the AGM
• Resolutions from item 1 to item 4 will have voting results declared and forwarded separately
• Company Secretary: Ritu Sharma confirmed compliance communications

AGM details

• Date/time/mode: 24 Sep 2026, 11:00 AM, VC/OAVM at Chennai.
• Venue: Registered Office, No. 11, First Floor, K.M Adam Street, Chrompet.
• Remote e-voting facility available 21-23 Sep 2026; results to be announced on websites.
• Meeting concluded at 11:38 AM.

Resolutions

• Ordinary: Adopt Audited Financial Statements and Directors' Report for year ended 31 March 2026.
• Ordinary: Re-appointment of Kavinesan I.M (retiring by rotation) as director.
• Ordinary: Reappointment of RM Lakshmanan as Managing Director for five years.
• Special: Reappointment of Ravindran Varadarajan as Independent Director for five years.
• Voting results to be published by company and stock exchange.

Book closure and AGM details

• Book closure: 18 Sep 2026 to 24 Sep 2026 (inclusive).
• Purpose: for the 34th Annual General Meeting.
• Record date/cut-off: 17 Sep 2026; voting eligibility based on holdings.
• AGM date: 24 Sep 2026 at 11:00 IST via VC/OAVM.
• Security: equity shares.
• Remote e-voting: 21 Sep 2026 09:00 IST to 23 Sep 2026 17:00 IST.

AGM details

• AGM on 24 September 2026 at 11:00 IST via VC/OAVM.
• Deemed venue is the company's registered office.
• Register of Members and Share Transfer Books closed 18–24 September 2026.
• E-voting cut-off date: 17 September 2026.
• Remote e-voting window: 21–23 September 2026.
• Notice and annual report available online.

Key resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Re-appoint Kavinesan I.M as director on rotation.
• Appoint RM Lakshmanan as Managing Director for five years.
• Re-appoint Ravindran Varadarajan as Independent Non-Executive Director for five years.

Directors & management changes

• Kavinesan I.M retires by rotation and seeks re-appointment.
• RM Lakshmanan appointed as MD for five years.

Voting status

• Voting results are not disclosed in this notice.

Financial snapshot

• Total income ₹2,970.14 lakhs; PAT ₹1.78 lakhs (FY2025-26).
• Export sales ₹2,676.78 lakhs; exports dominate turnover.
• EPS ₹0.05 per share; no dividend recommended.
• Paid-up capital ₹390.98 lakhs; no equity issues.

Operations & revenue mix

• Revenue from operations ₹2,845.95 lakhs; other income ₹124.19.
• Export sales ₹2,676.78 lakhs; other operating revenues ₹138.80.
• Cost of materials ₹1,236.87; employee benefits ₹448.43.
• Net cash from operations ₹205.58 lakhs.

Capital structure & liquidity

• Borrowings ₹1,177.31 lakhs; cash ₹0.05; net debt ₹1,047.81.
• Net debt to equity 0.72x; equity ₹1,462.99.
• Dividend not declared; no Sweat Equity issued.

Governance & board

• Board of five directors; MD RM Lakshmanan; Ashitha K joined Aug 2025.
• Independent directors Shanmathy, Varadarajan, Ashitha; Kavinesan IM non-exec.
• Four board meetings; Audit Committee of four; Nomination & Remuneration Committee.
• Secretarial auditor: S. Ganesan; Annexure A; no qualifications.

Audit & internal controls

• Revenue recognition under Ind AS 115 identified as key audit matter.
• ERP audit trail not enabled Apr-Aug 2025; enabled from Aug 30, 2025.
• Independent auditors reported no fraud; no qualifications.

Contingent liabilities

• Income tax demand ₹4.04 lakhs; bills discounted with banks ₹343.09 (2026) and ₹257.69 (2025).

Outlook & risks

• Outlook FY2026-27: positive export demand; focus on efficiency and sustainability.
• Risks: raw material costs, FX volatility, regulatory changes, competition from synthetics.

CSR & compliance

• CSR not applicable; anti-sexual harassment policy in place; no complaints.

AGM notice & governance timeline

• 34th AGM on 24 Sep 2026 via VC/OAVM; e-voting 21–23 Sep 2026.

Deviation status and utilisation

• Non-applicability of deviation/variation under Reg 32; no deviation in IPO proceeds.
• Mode of fund raising is IPO.
• Amount raised and date of fund raising not disclosed.
• IPO proceeds utilised as per prospectus.