Seasons Textiles Ltd

Seasons Textiles Limited: Trading Window closed from October 01, 2026 till 48 hours after the approval and declaration of Unaudited Financial Results for the half yearly and quarter ending September 30, 2026

AGM Highlights

• Transcript of the 40th AGM held on 19 August 2026 via video conferencing.
• 61 members attended; requisite quorum present; meeting organized virtually per MCA/SEBI rules.
• E-voting window: Aug 16-18, 2026; 15-minute post-meeting voting window.
• Auditors' reports for FY2025-26 were unqualified; no qualifications or adverse observations.
• Revenue from operations for FY2025-26: 2,338.33 lakhs; previous year 2,739.81.
• Profit for FY2025-26: 16.55 lakhs; prior year loss of 33.53 lakhs.
• Ordinary business: adopt audited financial statements for year ended March 31, 2026.
• Special business: reappoint Mrs. Vadwa as director by rotation.
• Special business: approve lease, sale or disposal of undertaking under Companies Act 2013.
• Results of AGM to be declared within two working days.

AGM Details

• Date and time: 19 August 2026, 12:36 PM.
• Mode: video conferencing (VC) for the AGM.

Attendance

• VC attendees: total 91 (3 promoters, 88 public).

Resolutions and Voting

• All AGM notice resolutions approved by equity shareholders via e-voting.

AGM Proceedings

• AGM held on 19 Aug 2026 at 12:36 p.m. via VC/OAVM.
• Remote e-voting ran Aug 16–18, 2026 with 15-minute post-meeting window.
• Ordinary: Adoption of audited financial statements for year ended Mar 31, 2026.
• Ordinary: Re-appointment of Neelam Wadhwa, retiring by rotation.
• Special: Approval of disposal/lease/sale of undertaking under Section 180(1)(a).
• Cut-off date Aug 12, 2026; total members 9,159.
• Statutory and secretarial reports contained no qualifications or adverse remarks.
• Meeting duration 12:36 p.m. to 1:02 p.m.; attendance via VC.
• Scrutinizer to publish results on company and BSE websites within two days.

Board decisions

• Board approved unaudited standalone Q1 FY2026 results for quarter ended 30 June 2026.
• Independent Auditor's Limited Review Report on the unaudited results submitted.

Financial highlights

• Total income for year ended 31 Mar 2026: 2,338.33 Lakh.
• Revenue from operations: 2,329.86 Lakh; prior year 2,730.12.
• Profit after tax: 16.55 Lakh; basic/diluted EPS: 0.22.
• Other comprehensive income: 21.69 Lakh; total comprehensive income: 38.24 Lakh.
• Dividend: no dividend declared for the year.
• Net cash from operating activities: 435.49 Lakh.
• Net cash from investing activities: 6.41 Lakh; financing activities: (375.29) Lakh.
• Cash and cash equivalents at year-end: 175.26 Lakh.

Operational profile

• Single business segment: Textiles; operations located in India.
• Export earnings: 1,891.00 Lakh; foreign exchange outgo: 184.00 Lakh.
• Energy efficiency measures installed; shuttle-less looms aimed at cost savings.
• Purchased energy: 954,343 units; cost 95.38 L.
• Own generation: 6,370.45 units; cost per unit 43.86.
• R&D: innovative fabric designs; no capital or recurring R&D expenditure.
• Inventory: raw materials 1,259.13 Lakh; finished goods 322.01 Lakh.

Capital structure & liquidity

• Share capital: 749.03 Lakh; total equity: 3,508.68 Lakh.
• Borrowings: non-current 1,089.60 Lakh; current 912.64 Lakh; total 2,002.24 Lakh.
• Deferred tax liabilities: 186.60 Lakh.
• Current ratio: 2.11; debt-equity: 0.57; debt-service coverage: 0.14.
• Promoter holdings: Inderjeet Singh Wadhwa 42.63%; Neelam Wadhwa 18.67%.

Governance & shareholders

• Board: Inderjeet Singh Wadhwa (MD), Neelam Wadhwa (Executive Dir), Kavita Rani (Independent).
• Sumer Singh Wadhwa resigned as NED on 18 Oct 2025.
• Neelam Wadhwa appointed Whole-Time Director on 18 Oct 2025.
• Audit Committee: chair Sunil Kumar Mehdiratta; members Manish Chandra and Kavita Rani; 4/4 meetings.
• Nomination & Remuneration Committee: Kavita Rani (Chair); Sunil Mehdiratta, Manish Chandra; 2 meetings.
• Remuneration paid: MD 41.81 L; Neelam Wadhwa 12.01 L; others 0.80 L each.
• Independent directors receive only sitting fees.

Audit & internal controls

• Statutory auditors: Bhatia & Bhatia; Secretarial auditor: Pramod Kothari & Co.
• Internal financial controls: Adequate; no material weakness observed.
• Auditors’ report: true and fair view; no material uncertainty on going concern.
• Secretarial audit: Board processes in place; no material non-compliance noted.

AGM & regulatory

• 40th AGM on 19 Aug 2026; VC/OAVM; record date 12 Aug 2026.
• Special Resolution: to sell/lease undertakings under Section 180(1)(a).
• Register of members closed 13-19 Aug 2026.
• Remote e-voting window: 16-18 Aug 2026; voting via CDSL.

Risks & contingencies

• Contingent liabilities: foreign bills 58.36 Lakh; LC 129.72 Lakh.
• Credit risk and liquidity risk managed per Ind AS 107.

Related party disclosures

• Related party transactions: Sales to key managerial personnel/relatives 128.55 Lakh.
• Remuneration to key managerial personnel: 53.82 Lakh.
• Outstanding balances due from related parties: 141.82 Lakh.

AGM date and venue

• 39th AGM on 19 August 2026 to be held via VC/OAVM at the registered office.
• Venue deemed at the company's registered office: 26, Feroze Gandhi Road, New Delhi.
• Book closure from 13 to 19 August 2026 for AGM and share transfers.