Konark Synthetic Ltd

AGM Details

• Date: 30 September 2026; Time: 4:30 PM–5:30 PM.
• Mode: Physical meeting at the registered office.
• Remote e-voting period: 27–29 September 2026.
• Quorum: 43 members attended.

Resolutions Presented

• Ordinary business: Adopt Standalone Audited Financial Statements for FY 2025-26.
• Ordinary business: Reappointment of Mr. Anshul Agrawal, retires by rotation.

Voting Status

• Consolidated voting results will be announced and uploaded within two working days.

Director Changes

• Reappointment of director by rotation proposed.

Konark Synthetic Limited — Trading Window closed from 1 October 2026 till 48 hours after declaration of unaudited financial results for the half year ended 30 September 2026

AGM voting window

• Cutoff date for voting eligibility fixed at 24 September 2026.
• e-voting period from 27 September 2026, 9:00 AM to 29 September 2026, 5:00 PM.
• Poll voting will be conducted at the AGM.

Book closure details

• Book closure from 24 September 2026 to 30 September 2026 (inclusive) for AGM.
• Purpose: for the 42nd Annual General Meeting.
• Type: equity shares; transfer books & Register of Members closed.
• AGM date: 30 September 2026.

Financial performance

• Revenue from operations: 4,662.34 Lakhs; Total revenue: 4,680.04 Lakhs.
• Profit after tax: 10.55 Lakhs; Basic EPS: 0.18.
• Profit before tax: 11.17 Lakhs; Tax expense: 0.62 Lakhs.
• No dividend recommended for the year.
• Finance costs: 192.02 Lakhs; Depreciation: 7.07; Impairment: 35.56.
• Net cash from operating activities: 122.10 Lakhs; Closing cash: 10.72.

Capital structure & liquidity

• Equity share capital: 580.80 Lakhs; 58.08 million shares; Total equity: 15.94.
• Non-current borrowings: 380.64; Current borrowings: 1,983.40; Total borrowings: 2,364.04.
• Loans from related parties: 1,227.41; Loans to subsidiary: 56.97; Corporate guarantee: 2,706.00.
• Cash balance: 10.72; Investments in subsidiary: 848.48.

Subsidiaries & consolidation

• India Denim Limited is in Corporate Insolvency Resolution Process (CIRP).
• Consolidated financial statements not prepared for FY2025-26 due to CIRP.
• Full investment in India Denim Limited fully provisioned.

Governance & controls

• Board: MD Shonit Dalmia; CFO R. B. Somany; Company Secretary Prerna Goyal.
• Three Board committees: Audit; Nomination & Remuneration; Stakeholders’ Relationship.
• Board meetings: 6 times during the year; Independent Directors met Feb 14, 2026.
• Internal financial controls deemed adequate; Secretarial audits conducted; no fraud reported.
• Statutory auditors: Bhuwania & Agrawal Associates; Secretarial: Abhishek Wagh & Associates.

Related party transactions

• Remuneration to KMP: 26.51; Salaries to KMP: 40.18.
• Loans from related parties: 1,227.41; Loans to subsidiary: 56.96.
• Investment in equity shares: 848.48; Corporate guarantees: 2,706.00.
• Non-executive directors did not receive remuneration or sitting fees in FY2025-26.

Audit, risk & compliance

• Auditors flagged impairment of Mudra Denims receivable; total impairment provision: 213.35 Lakhs.
• Note on related party disclosures; CIRP subsidiary introduces going-concern considerations.
• Secretarial Audit notes include extension of interest-free loan to subsidiary non-compliant with 186(7).
• Independent audits conducted; management discusses risk policy and mitigations.

Outlook & risks

• MD&A notes risk management policy; board reviews risk exposure and mitigations.
• Textile sector faces global headwinds; domestic demand supports potential growth.
• Emphasis on cost control and working capital management to improve future performance.

Meeting Details

• Board meeting scheduled for Friday, 14 August 2026.

Key Agenda Items

• Consider and approve unaudited standalone financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 to 16 August 2026 (inclusive) for all directors/designated employees.

Processing and listing status

• Dematerialisation requests were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification, with depositories' name substituted as registered owner.