Flexituff Ventures International Ltd

Financials (Standalone)

• Q1 FY27 total income 28.57 lakh; net loss 1,568.38 lakh.
• EPS (Basic and Diluted) at (4.78) Rs for the quarter.
• Kashipur plant disrupted due to raw-material shortage and wage issues.
• Net current liability 32,545.84 lakh; total dues 30,935.76 lakh.
• Single segment: Technical Textile; no segmental breakdown provided.
• Deferred tax asset reversal of ₹5,288.24 lakh in year ended 31 Mar 2026.

Governance & disclosures

• Limited Review notes inability to form conclusion due to deadlock; auditors resigned.
• Internal Auditor not appointed; Whole-Time Company Secretary not appointed; non-compliance.
• Consolidated results include 12 subsidiaries; some not reviewed or managed-certified.
• Convertible warrants: 4,950,000 warrants; 25% upfront received; no exercise; ₹516.78 lakh forfeited.

Appointments of two Additional Non-Executive Independent Directors

• Corrected spelling of two new Independent Directors: Surabhi Singh Rathod and Siddharth Shankar Mahajan.
• Board approved appointment of both as Additional Non-Executive Independent Directors from Aug 12, 2026.
• Subject to shareholders' approval.
• Term is 12 months starting Aug 12, 2026.
• Surabhi Rathod is a qualified Company Secretary with governance experience.
• Siddharth Mahajan is a qualified Chartered Accountant with accounting and financial compliance experience.
• Both directors are not related to any existing director and not debarred by SEBI.

Management change

• Resignation of Dharmendra Pawar from Non-Executive Independent Director role, effective 05-08-2026, due to personal and unavoidable circumstances.

Target & disclosing party

• Target Company: FLEXITUFF VENTURES INTERNATIONAL LTD.
• Disclosing Party: International Finance Corporation (IFC); non-promoter.

Pre-Transaction Holding

• Pre-holding: 1,329,491 shares, 4.05% voting rights.

Transaction Details

• Disposed 100,000 shares (0.30%), via sale on secondary market.
• Date of transaction: 31-Jul-2026.

Post-Transaction Holding

• Post-holding: 1,229,491 shares, 3.75% voting rights.

Capital Context

• Equity share capital before/after: 32,822,806.
• Total diluted share/voting capital after: 32,822,806.

Independent director appointments

• Appointment of Mrs. Surabhi Kumar Rathod as Additional Non-Executive Independent Woman Director.
• Effective from August 12, 2026, for 12 months, subject to shareholder approval.
• Profile: qualified Company Secretary with governance and compliance experience.
• Not related to any director.
• Board approved; shareholders' approval required; term 12 months.
• Appointment of Mr. Siddharth Mahajan as Additional Non-Executive Independent Director.
• Profile: qualified Chartered Accountant with accounting and financial oversight experience.

Meeting Details

• Board meeting on 14 August 2026 at the registered office, Indore.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for quarter ended 30 June 2026.
• Approve Limited Review Report accompanying the financial results.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after results declaration.

Director resignation

• Dharmendra Pawar resigned as Non-Executive Independent Director effective 5 August 2026.
• Ceases membership of Audit, Nomination & Remuneration and Stakeholders' Relationship Committees.
• Reason: personal and unavoidable circumstances.

Asset possession under SARFAESI

• UCO Bank, on behalf of consortium lenders, has taken symbolic possession of Flexituff's secured property in Uttarakhand.
• Property located at Mahuakhedaganj, Kashipur, Udham Singh Nagar, Uttarakhand.
• Notice under 13(4) SARFAESI dated 29 July 2026 enclosed; disclosure under SEBI LODR.
• Subject to further developments; company will inform exchanges of material updates.
• Signed by Rahul Chouhan, Whole Time Director.

Director resignation

• Gudiya Yadav resigned as Non-Executive Non-Independent Woman Director with effect from 27 July 2026 due to personal reasons.
• The director confirmed no other material reasons for resignation.