Rishi Techtex Ltd

Rishi Techtex Ltd — Closure of Trading Window from 1 October 2026 upto 48 hours from the declaration of the Un-Audited financial results of the Company for the second quarter ended 30 September 2026

AGM Details

• Date and mode: 24 Sep 2026, VC/OAVM.
• Time: 11:00 a.m.
• Cut-off voting date: 17 Sep 2026.
• Attendance: 5 promoter group via VC; 41 public via VC.

Key Resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Reappointment by rotation of Director Aakanksha Verma.
• Approval of material related party transaction with Centennial Fabrics Limited.

Voting Results

• Adoption of financials approved: 99.97% in favour.
• Director reappointment approved: 99.97% in favour.
• Material RPT with Centennial Fabrics approved: 98.84% in favour; promoter abstained.

AGM Details

• AGM held Sep 24, 2026 via VC/OAVM at 11:00 AM.
• Record date Sep 17, 2026; shareholders on record 4,439.
• Attendees via VC: 5 promoters, 41 public.

Key Resolutions & Outcomes

• Ordinary: Adopt financial statements for year ended 31 Mar 2026; passed.
• Ordinary: Reappointment of director Aakanksha Verma; passed.
• Special: Approve material related-party transaction with Centennial Fabrics Limited; promoter group abstained.
• Note: Promoter group entities holding 2,885,248 shares did not vote on item 3.

Director Changes

• Aakanksha Verma reappointed as director, retiring by rotation.

Material Related Party Transactions

• Centennial Fabrics Limited; material RPT approved; value not disclosed.

AGM details

• Date and time: 24 September 2026, 11:00 AM.
• Mode: VC/OAVM; deemed venue: registered office, Mumbai.
• Attendance: 46 members via VC/OAVM.
• Chairman: Abhishek Patel chaired the meeting.

Resolutions

• Adopt audited financial statements for FY ended 31 March 2026.
• Re-appoint Aakanksha Verma as Director (retirement by rotation).
• Approve material related-party transaction with Centennial Fabrics Limited.

Shareholder communications

• Letters dispatched to shareholders without registered emails providing access to the 2025-26 Annual Report and AGM notice.
• 42nd AGM scheduled for 24 September 2026 via VC/OAVM.
• Electronic voting entitlement cut-off set for 17 September 2026.
• Encourages updating email IDs and dematerializing holdings for SEBI compliance.

AGM details

• AGM to be held via VC/OAVM; timing as per notice.
• Share transfer books closed around the AGM period.

Resolutions

• Adopt audited financial statements and related reports.
• Reappoint a retiring director by rotation.
• Approve material related party transaction with a related party.

Director changes

• Retiring director by rotation proposed for reappointment.

Related party transactions

• Material related party transaction involves buy/sell of materials with a related party.
• Aggregate value cap and period described in the notice.

Voting status

• Remote e-voting offered; results to be announced at AGM.

Financial highlights

• Revenue from operations ₹14,695.28 lakhs, up 17% YoY to FY26.
• Total income ₹14,733.78 lakhs in FY26, up from ₹12,592.73 in FY25.
• EBITDA ₹994.58 lakhs, up 12% YoY.
• PBT ₹406.38 lakhs, up 20% YoY.
• PAT ₹249.55 lakhs, up 9% YoY.
• PAT margin 2.77%.
• EPS ₹3.38; no dividend declared for FY26.
• Net worth ₹3,663.59 lakhs; Total assets ₹9,307.57 lakhs.
• Debt to equity ratio 1.15x; Debtors turnover 18.63x.
• Inventory turnover 18.19x; ROCE 15.18%; Current ratio 1.42x.
• Domestic shade net revenue share >70%; agriculture segment ~75% of segment revenues.
• Woven division capacity expanded to 65-67 lakh bags/month.
• Knitted solutions premium nets sales 28 tonnes vs 15 in FY25.
• Total borrowings ₹3,163.45 lakhs; non-current ₹352.77, current ₹2,810.68.
• Credit rating: CRISIL BBB-/Stable (long-term) and A3 (short-term).
• FY26 cash flow from operations ₹658.03 lakhs; capex ₹701.15 lakhs in fixed assets.
• ED litigation ongoing; appellate hearing on 30 July 2026; bank guarantee ₹20.33 lakhs.
• AGM 42nd held through VC/OAVM; remote e-voting facility available.

Operational performance & segments

• Total manufacturing capacity: 10,000 MTPA across four focus segments.
• Segments: Agrotech (Shade nets, crop covers), Buildtech (scaffolding nets), Protech (fire-retardant nets), Packtech (woven sacks).
• Shade nets domestic revenue share >70%; Agriculture accounts for ~75% of segment revenues.
• Packtech is domestic-focused; new market entrants include Birla Opus, Pidilite, Kajaria Ceramics.
• Knitted Solutions revenue share declined to ~31.5% from ~38% as woven grew faster.
• Metallized reflective nets sales nearly doubled to 28 tonnes in FY26.
• Export share in Knitted Solutions remained around 25%; Omnichannel retail expansion pursued.
• Automation and ERP enhanced manufacturing visibility and process controls.
• D2C retail push planned via Amazon; aims to democratize access to technical textiles.
• Continuous capacity and capability investments to improve productivity and reduce per-unit costs.

Capital structure & liquidity

• Equity share capital ₹739.10 lakhs; reserves ₹2,924.49 lakhs; net worth ₹3,663.59 lakhs.
• Total borrowings ₹3,163.45 lakhs; current borrowings ₹2,810.68 lakhs; non-current ₹352.77 lakhs.
• Lease liabilities ₹471.41 lakhs; Right-of-use assets ₹463.79 lakhs.
• Total assets ₹9,307.57 lakhs; cash & cash equivalents ₹1.07 lakhs at year-end.
• Net debt-to-equity ratio (~0.83x) reflects disciplined leverage.
• Credit ratings updated: CRISIL BBB-/Stable (long-term) and A3 (short-term).
• Cash flow: CFO ₹658.03 lakhs; CFI ₹-664.68 lakhs; CFF ₹-1.23 lakhs.
• Capex spent ₹701.15 lakhs in FY26; maintenance of liquidity acknowledged.
• Agm and voting: remote e-voting facility; 42nd AGM through VC/OAVM.

Governance & risk management

• Board of four directors; MD is executive; two independent directors; one non-exec promoter director.
• Five board meetings in FY25-26; quorum met; committee recommendations approved.
• Audit Committee (3 directors) chaired by Pranab Chatterjee; five meetings in FY26.
• Nomination & Remuneration Committee (3 directors) oversees MD remuneration; MD actual ₹143.19 L in FY26.
• Shareholders’/Investors Grievance Committee (3 directors) chaired by Pranab Chatterjee; two meetings.
• Finance Committee (3 directors) met twice; oversight on expansion & finance.
• Independent Directors met on 10 Feb 2026; evaluation of board performance conducted.
• Secretarial Audit by Sudhanwa S. Kalamkar & Associates; MR-3; no material qualifications.
• Related party transactions: Centenial Fabrics Limited; material RPT approved; no voting by related parties.
• CSR not applicable for FY26; compliance with SEBI LODR ongoing.

Audits, controls & disclosures

• Statutory auditors: M/s HRK & Co; five-year term through FY28-29.
• Secretarial auditors: Sudhanwa S. Kalamkar & Associates; MR-3; peer-reviewed firm.
• Internal controls over financial reporting: adequate; no material weaknesses noted.
• Note on ED litigation and related contingent liabilities disclosed in Note 40.
• No frauds reported by auditors; CEO/CFO certification in place.
• Secretarial compliance with SS-2 and other governing standards confirmed.

Outlook & strategic priorities

• Path forward focuses on deeper market penetration and value-led margin expansion.
• Grow in climate-resilient agriculture, industrial packaging, and performance-driven textiles.
• D2C and omnichannel retail strategy to broaden customer base and brand visibility.
• Sustain automation and data-driven decision making to improve productivity.
• Maintain financial discipline amidst raw material volatility and macro risks.

AGM, disclosures & notable notices

• Forty-second AGM announced for 24 Sept 2026 via VC/OAVM.
• RPT approvals: Centennial Fabrics Limited; value cap ₹95 crore for FY27-28; arm's length.
• Notice and annual report available on company site; e-voting details via CDSL.
• Seeks member approval for the related party transaction; no director to vote on it.
• Shareholders advised to dematerialize shares; PAN/KYC/Nomination updates with RTA.

Book closure for AGM

• Book closure from 18 September 2026 to 24 September 2026 (inclusive).
• AGM scheduled for 24 September 2026.