Minaxi Textiles Ltd

Record date for AGM

• Board meeting held on 12 August 2026 at 3:00 PM.
• Record date fixed for Friday 18 September 2026 for the 31st AGM.

AGM date and mode

• AGM scheduled for 25 September 2026 at 2:00 PM via Video Conferencing/OAVM.
• Notice with attendance and voting details to be sent to shareholders.

Financial results

• Unaudited standalone quarterly results for quarter ended June 30, 2026 approved.

AGM and record date

• AGM to be held Sept 25, 2026 at 2:00 PM at registered office.
• Record date fixed Sept 18, 2026.

Governance and audit process

• Audit Committee reviewed results; Board approved with MD/CFO certification under LODR.
• Statutory auditor conducted a limited review.

Going concern and auditor remarks

• Auditor notes going concern basis; opinion not qualified.

Dematerialisation processing and listing

• Dematerialisation requests for quarter ended 30 June 2026 were processed and confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within timelines.

Financial Performance 📊

• Q3 FY26 revenue from operations was Rs 450.83 lakhs, down 13.6% YoY from Q3 FY25.
• Total income for Q3 FY26 was Rs 450.86 lakhs, down from Rs 592.20 lakhs in Q3 FY25.
• Net loss in Q3 FY26 was Rs 5.10 lakhs versus net profit of Rs 14.63 lakhs in Q3 FY25.
• Total expenses decreased to Rs 483.35 lakhs in Q3 FY26 from Rs 651.55 lakhs in Q3 FY25.
• Other income increased due to profit on sale of leasehold land.

Auditor & Compliance 🧾

• Financials prepared under IND AS, with unqualified limited review report by statutory auditor.
• Auditor emphasized going concern basis due to past losses and debt restructuring.

Capital Structure & Risks ⚠️🧱

• Debt restructuring in FY22 extended repayment plans for borrowings.
• Company continues to incur losses but expects operational cash flows to meet near-term obligations.
• Company assessing impact of new Indian Labour Codes effective Nov 2025 on wage bill.

Corporate Actions & Governance 🗓️📍

• Board approved Q3 FY26 results on 10 Feb 2026.
• Company operates in a single business segment: Textiles.

Financial Performance

• Approved unaudited standalone financial results for quarter ended December 31, 2025, with limited auditor review.
• Total income for the quarter was Rs. 450.86 lakhs; net loss of Rs. 5.10 lakhs reported.
• Increase in other income due to profit on sale of leasehold land.

Auditor Remarks ️

• Auditor's review report expressed no material misstatements; financials prepared on going concern basis.

Compliance and Regulatory

• Board recorded compliance reports on applicable laws and adequacy of legal compliance system.
• Company continues assessment of impact of new Indian Labour Codes effective November 21, 2025.

Business Operations

• Company operates in a single business segment: textiles.