Valson Industries Ltd

VALSON INDUSTRIES LTD. — Trading window closed from 1 October 2026 for the quarter and half year ended 30 September 2026; will reopen 48 hours after declaration of Un-Audited Financial Results.

AGM details

• AGM held on 19 September 2026 at 11:30 a.m.
• Mode: VC and OA VM with remote and AGM e-voting.
• Record date: 11 September 2026; on-record shareholders: 2,528.
• Attendance via VC: Public 12; Promoter group 0.

Resolutions proposed

• Resolution 1 (Ordinary): Adopt Audited Financial Statements and reports.
• Resolution 2 (Ordinary): Re-appoint Ankit Mutreja as Director by rotation.
• Resolution 3 (Ordinary): Ratify ABK & Associates as Cost Auditors for FY ending 31 March 2027.

Voting outcomes

• Resolution 1 passed; in favour 48,61,632; against 30; turnout 63.46%.
• Resolution 2 passed; in favour 48,61,632; against 30; turnout 63.46%.
• Resolution 3 passed; in favour 48,61,632; against 30; turnout 63.46%.

Directors and auditors

• Director change: Ankit Mutreja re-appointed by rotation.
• Cost Auditor: ABK & Associates remuneration ratified for FY2027.

Dividend and other approvals

• Dividend: No dividend proposed or declared.

Related party transactions

• Material related party transactions: none disclosed.

AGM Details

• AGM held on 19 September 2026 at 11:30 a.m. via VC/OAVM.
• Remote e-voting from 16–18 September 2026; voting also during AGM.
• Meeting commenced 11:30 a.m. and concluded 11:50 a.m.
• Directors, statutory and secretarial auditors attended; Scrutinizer appointed for e-voting.

Key Resolutions

• Ordinary: Approve and adopt Audited financial statements for year ended 31 Mar 2026.
• Ordinary: Re-appoint Anl<it Mutreja as Director by rotation.
• Special: Ratify remuneration payable to ABK & Associates as Cost Auditors for FY ending 31 Mar 2027.

Voting & Outcome

• Combined e-voting results and Scrutinizer's report to be uploaded within 48 hours.

Director Changes

• Re-appointment of Mr. Anl<it Mutreja (DIN: 07022852) as Director by rotation.

Auditor Appointments

• Remuneration payable to ABK & Associates as Cost Auditors ratified for FY 2027.

RPTs & Other Approvals

• No material related party transactions disclosed.

Financial performance

• Revenue from operations: 11,208.78 Lakhs, down 14.12% YoY.
• EBITDA: 404.37 Lakhs.
• Net profit after tax: 48.40 Lakhs.
• EPS (Basic & Diluted): 0.63 Rs.
• Dividend for FY2025-26: Nil.
• Cash flow from operations: 181.51 Lakhs.

Capital structure & liquidity

• Total borrowings: 1,402.01 Lakhs.
• Equity share capital: 766.08 Lakhs.
• Debt/Equity ratio: 0.53.
• Current ratio: 1.60.
• ROE: 1.71%.
• ROCE: 3.33%.
• Book value per share: 36.84 Rs.

Operations & CAPEX

• CAPEX during 2025-26: 113.49 Lakhs.
• Capex components include Plant & Machinery, electrical, utility equipment.
• Texturising production down 12.1% to 5137 MT.
• Twisting production up 4.07% to 2474 MT.
• Dyeing production down 7.18% to 4378 MT.
• Job work quantity up 12.14% to 1694 MT.
• Power cost down 3.20% to 1293.38 Lakhs.
• Staff cost up 6.04% to 1374.64 Lakhs.

Shareholder returns & unclaimed dividends

• Unclaimed dividend of 1,01,653 transferred to IEPF for 2017-18.
• Last date to claim 2018-19 final dividend: 04-11-2026.
• 08% of shares dematerialised; 0.92% physical as of 31/03/2026.

Governance & risk management

• Board: 8 directors, 4 independent; independence confirmed.
• Audit Committee met 6 times; independent majority.
• Risk management policy in place; no mandatory Risk Management Committee.
• Internal controls adequate and effective.
• Secretarial audit: no qualifications; SS-1/SS-2 compliance.

Auditors & certifications

• Statutory auditors: Bastawala & Associates; continue to 2026-27.
• Secretarial auditors: P. C. Shah & Co.; no observations in Secretarial Report.
• CEO/CFO certification in place.

Operating footprint & markets

• Units located at Silli (Dadra & Nagar Haveli) and Vapi (Gujarat).
• Exports to Middle East, UK, Egypt, Russia; RODTEP incentive coverage.

AGM Details

• AGM scheduled 19 September 2026 at 11:30 a.m. IST via VC/OAVM.
• Record date for attendance: Friday, 11 September 2026.
• Register of Members and Share Transfer Books closed 12–19 September 2026.

Resolutions

• Adopt audited financial statements and reports (Ordinary).
• Re-appoint director retiring by rotation (Ordinary).
• Special ordinary resolution to ratify cost auditor remuneration of Rs 1,25,000 for FY ending 31 March 2027.

Director Changes

• Mr. Ankit Mutreja retires by rotation and seeks re-appointment.

Auditor Appointments

• Cost auditor remuneration: Rs 1,25,000 plus taxes and expenses for FY ending 31 March 2027.

Financial highlights

• Revenue from operations: Rs 2,858.48 lakhs in Q1 FY27; QoQ down 1.15%.
• Total income: Rs 2,889.65 lakhs; QoQ down 1.03%.
• Net profit after tax: Rs 6.92 lakhs; prior quarter Rs 24.22 lakhs.
• EPS (basic/diluted): Rs 0.09 per share.
• Profit before tax: Rs 1.27 lakhs.
• Single segment: Yarn; domestic market focus.
• Board meeting held 14 August 2026; results approved.

Agenda

• Board meeting scheduled for 14 August 2026 at the company's registered office.
• Approve and take on record the unaudited financial results for the quarter ended 30 June 2026.
• To consider any other business with the permission of the Chair.

Other Notes

• Trading window closed from 1 July 2026; opens 48 hours after results declaration.

Dematerialisation status

• Dematerialisation requests were confirmed to depositories; securities listed on the exchanges where existing shares trade.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

Rating & instruments

• Fund Based facilities: Long-Term BB+/Stable; Short-Term A4+ (Reaffirmed).
• Non-Fund Based facilities: Short-Term A4+ (Reaffirmed).

Agency & Outlook

• Agency: CRISIL Ratings Limited.
• Outlook: Stable.

Action

• Rating action: Reaffirmed across rated facilities.