R&B Denims Ltd

Key Update

• Ricon Industries commences commercial polyester yarn production on 30 September 2026 at Surat unit.
• Initial investment of about Rs. 25 crores; funding via internal accruals and/or debt.

Polyester yarn production start

• Ricon Industries (subsidiary) commenced commercial polyester yarn production on Sept 30, 2026.
• Unit located at Block 372 NH-8 Moje Dhamdod, Surat.
• Value chain synchronisation to integrate denim manufacturing operations.
• Initial capex around ₹25 crores; further funding via internal accruals and/or debt.
• Expected benefits include better control, supply-chain efficiency, and revenue diversification.

R&B Denims Ltd trading window closed from October 1, 2026 till 48 hours after the announcement of unaudited financial results for the quarter and half year ended September 30, 2026

Key Update

• Ricon Industries, a subsidiary, to commence polyester yarn manufacturing as new business line.
• Commercial production starts 30 September 2026; initial investment about Rs 25 crore funded through internal accruals and/or debt.

Parties to the agreement

• Lender: R&B Denims Limited; Borrower: Ganpati Energy Private Limited.

Purpose

• Unsecured loan of Rs 10 crore to Ganpati Energy Private Limited for business activities.

Key terms

• Loan amount: Rs 10 crore; unsecured.
• Interest rate: 13.80% per annum.
• Tenure: starts Aug 27, 2026; repay on demand or mutual termination.
• Security: Nil; no collateral.
• Outstanding amount on disclosure date: Nil.

Related party status

• Not related to promoter or group.
• Not a related party transaction.

Impact on the company

• No change in ownership or control.
• Potential increase in loans receivable on drawdown.

Other disclosures

• Regulatory disclosure under SEBI Listing Regulations.
• No conflicts of interest disclosed.

Termination/amendment

• Not applicable—no amendment or termination details disclosed.

Financial results

• Approved standalone and consolidated unaudited quarterly results for quarter ended 30 June 2026.
• Limited Review Report issued with unmodified conclusion; Board approvals completed on Aug 14, 2026.

Capital actions

• Shares subdivided from Rs 2 to Re 1 with effect from April 2, 2026.
• Bonus issue of 8,99,73,440 equity shares in 1:2 ratio on April 6, 2026.
• Paid-up capital increased from Rs 1,799.47 lakh to Rs 2,699.20 lakh as at 30 June 2026.

Auditor remarks

• Auditors issued unmodified review conclusions for standalone and consolidated results.

Investor complaints

• Investor complaints: start 10; received 7; disposed 17; end 0.

Reporting basis

• March 31, 2026 figures are balancing figures between audited full-year and nine-month unaudited figures.

Financial results approved

• Standalone unaudited quarterly results for quarter ended 30 June 2026 approved, with Limited Review Report.
• Consolidated unaudited quarterly results for quarter ended 30 June 2026 approved, with Limited Review Report.

Capital actions

• Share split to Re 1 and 1:2 bonus issue approved.
• Bonus shares issued: 8,99,73,440; capitalisation of securities premium.
• Paid-up capital increased to Rs 2,699.20 lakhs.

Investor relations

• Investor complaints: end quarter pending 0; received 7, disposed 17.

Group structure

• Subsidiaries listed: RB Industries (partnership), RICON Industries (partnership), Ricon Textile Limited.

Auditor statements

• Independent Auditor's Review Reports for standalone and consolidated results issued with unmodified conclusions.

Regulatory/compliance

• Results prepared under SEBI LODR Regulation 33; Audit Committee reviewed.