Shanti Spintex Ltd

Shanti Spintex Ltd — Trading window closed from 1 October 2026 till 48 hours after the declaration of unaudited financial results for the quarter and half year ended 30 September 2026

AGM Details

• AGM held on 11 September 2026 at 4:00 PM IST via VC/OAVM.
• Cut-off date for voting: 4 September 2026.

Resolutions

• Resolution 1: Ordinary; adoption of standalone and consolidated financial statements.
• Resolution 2: Ordinary; re-appointment of Urmila B. Agarwal as Non-Executive Director.

Voting Results

• Resolution 1 passed; 10,408,000 votes in favor; no opposing votes.
• Resolution 2 passed; 10,408,000 votes in favor; no opposition.

Director Changes

• Urmila B. Agarwal re-appointed as Non-Executive Director; retires by rotation.

AGM details

• Date and time: 11 September 2026 at 04:00 P.M. IST; mode: VC/OAVM.
• AGM concluded at 04:06 P.M. IST.
• e-voting facility provided via KFin Technologies Limited.
• e-voting concluded at 04:21 P.M. IST.

Key resolutions and outcomes

• Resolution 1 (Ord): Standalone Audited Financial Statements for FY2026 approved.
• Resolution 2 (Ord): Re-appointment of Urmila B. Agarwal approved.
• Outcome: Both resolutions passed with requisite majority.
• Voting results to be submitted to Stock Exchange and posted on company website.

AGM Details

• 16th AGM held on Friday, 11 September 2026 at 4:00 PM IST via VC/OAVM.
• Register of Members and Share Transfer Books closed 6–10 September 2026.
• e-voting cut-off date: 4 September 2026.
• Benpos date for records: 14 August 2026.
• Remote e-voting window: 8–10 September 2026, 09:00–17:00 IST.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for FY 2025-26.
• Ordinary: Re-appointment of Urmila B. Agarwal, retiring by rotation, as Non-Executive Director.
• Voting results to be submitted to stock exchanges and posted on websites within 2 working days.

Director Changes

• Urmila B. Agarwal to be re-appointed; Non-Executive Director, retires by rotation.
• First appointed 03-01-2025; holds 1,037,800 shares.

Financial highlights

• Standalone revenue from operations ₹68,281.66 Lakhs; down 3.82% YoY.
• Consolidated revenue from operations ₹70,421.36 Lakhs; PAT ₹991.10 Lakhs; EPS ₹5.87.
• Standalone PAT ₹448.76 Lakhs; Standalone PBT ₹586.97 Lakhs.
• Consolidated reserves ₹8,886.36 Lakhs; standalone reserves ₹8,339.94 Lakhs.
• Dividend: no final dividend declared for FY2025-26.
• Equity share capital unchanged at ₹16.88 Crore (1,68,88,000 shares).
• Listed on BSE SME; annual listing fee paid for 2026-27.

Operational performance & capacity

• Installed capacity 19.2 million metres per annum.
• Capacity utilization rose to 89% in FY25.
• Renewable energy powers about 90% of facility needs.
• Wind energy plant commissioned: 2 MW; rooftop solar 852 kW.
• Diverse denim fabric portfolio supports premium, value-added products.

Strategic developments & acquisitions

• Teesta Spintex Private Limited acquired; wholly owned subsidiary since 09-May-2025.
• Forward integration strengthens the textile value chain.
• Consolidated financials include Teesta Spintex from acquisition date.

Dividend & capital allocation

• No dividend declared for FY2025-26.
• Reserves increased to fund expansion; Standalone ₹8,339.94 Lakhs.

Liquidity & capital structure

• Standalone debt-equity: 0.39x.
• Standalone current ratio: 1.31x; Debt service coverage: 5.97x.
• Consolidated current ratio: 1.24x; Debt-equity: 0.60x; DSC: 7.26x.

Governance & audit

• Statutory auditors: Anil Shah & Co; standalone and consolidated opinions unmodified.
• Secretarial audit: no qualifications reported.
• Board comprises five directors; two independent directors.
• Independent Directors' meeting held on 19 March 2026.
• Board meetings held: four in the year.

CSR & sustainability

• CSR expenditure ₹31.00 Lakhs; prescribed CSR obligation ₹30.41 Lakhs (2% of average net profit).
• CSR spent on education, healthcare, nutrition; excess available for set-off ₹1.78 Lakhs.
• CSR policy and projects disclosed on company website.

Outlook & risks

• Positive long-term outlook for Indian denim; domestic demand growth supported by retail expansion.
• Risks: raw material price volatility, energy costs, and macro-economic factors.
• Management remains focused on efficiency, sustainability, and value creation through forward integration.

AGM Details

• AGM scheduled for 11 September 2026 at 04:00 PM IST via VC/OAVM.
• Book Closure from 6 September 2026 to 10 September 2026 (inclusive).

AGM Details

• 16th AGM to be held on Friday, 11 September 2026 at 04:00 PM IST via VC/OAVM.
• Record Date for attendance and voting: Friday, 4 September 2026.

Notice & Dispatch

• Notice and Annual Report will be sent electronically to registered email IDs.

AGM e-voting aggregator appointment

• KFin Technologies Limited appointed as Aggregator for e-voting and for the 16th AGM via VC/OAVM.
• AGM date fixed for 11 September 2026.
• Notice with e-voting instructions to be provided in AGM Notice submitted to stock exchanges.
• In compliance with Companies Act 2013 and SEBI circulars.

Cost Auditor Re-appointment

• Board re-appointed M/s. Mayur Chhaganbhai Undhad and Co. as Cost Auditor for FY 2026-27.
• Term: for the financial year 2026-2027.
• Reason: to comply with Companies Act 2013 and SEBI LODR.
• Appointment w.e.f. 13 August 2026.

Penalty disclosure update

• Board noted a one-day delay in filing related party disclosures for the half-year ended 31 March 2026.
• Penalty of Rs 5,900 including GST was paid to BSE Limited.
• Delay was inadvertent and not intentional.
• Internal compliance monitoring and review mechanisms have been strengthened.
• Board reiterates commitment to strict SEBI LODR compliance.
• Board meeting held on 13 August 2026 to review the issue.