VTM Ltd

Filing metadata

• VTM Ltd (Scrip 532893) filed a General Company Update.

Appointment details

• G. Gomathi Meenakshi appointed as Company Secretary and Compliance Officer.
• Effective from 14 August 2026.
• Reason for change: appointment after cessation of the former CS/CO.
• Profile: Associate Company Secretary, ICSI No. A55463; 8+ years' experience.
• No relationship with directors.
• KMP status designated; governance scope includes secretarial compliance duties.

Q1 FY27 results

• Unaudited standalone Ind-AS results for quarter ended 30 June 2026 enclosed.
• Results filed per SEBI circular; standalone results from quarter ended 30 June 2017 onwards.
• XBRL filing within 24 hours of PDF results per exchange circular.
• Company confirms no subsidiary.
• Auditors have not expressed a modified opinion on Standalone Unaudited results.
• Meeting held 11:00 AM to 1:00 PM; results enclosed with Limited Review Report.
• Ref: VTM:CS Q1.

Financial results

• Unaudited standalone Ind-AS results for Q1 2026-27 (quarter ended 30 June 2026) approved.
• Limited Review Report enclosed.
• XBRL filing within 24 hours of PDF submission.
• Company has no subsidiary.

Auditor's report

• Auditor issued unmodified opinion on Standalone Q1 2026-27 results.

Key managerial personnel changes

• K. Preyatharshine resigned as Company Secretary and Compliance Officer, effective 14 Aug 2026.
• Reason: pursuing master's studies abroad; no other material reasons.
• G. Gomathi Meenakshi appointed as Company Secretary and Compliance Officer, effective 14 Aug 2026.
• Board approved appointment at 12 Aug 2026; to take effect after predecessor's cessation.
• Gomathi Meenakshi: 8+ years' secretarial experience.
• Associate Company Secretary, Membership No. A55463.
• Consent to act as CS dated 03 Aug 2026.

Subsidiaries / regulatory disclosures

• Company does not have any subsidiary.

Demat processing and listing

• Demat requests were processed (approved/rejected) within 15 days of receipt from DP.
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical certificates for dematerialisation were mutilated, cancelled after verification; depository substituted as registered owner.

Financials at a glance

• Turnover ₹37,198.13 lakh, up 7.97% YoY.
• PAT after tax ₹1,119.88 lakh; EPS ₹1.11.
• Export turnover ₹23,003.63 lakh (61.84% of total).
• Exceptional item ₹302.32 lakh; gratuity ₹47.76 and forex ₹254.56.
• Dividend not declared for FY2025-26.

Capital and equity

• Bonus issue: 60,341,400 new shares; end-March 2026 capital ₹1,005.69 lakh.
• Total equity ₹31,499.08 lakh; shares outstanding 100,569,000.
• Promoters hold 65.76% collectively; TKannan estates and Thiagarajar Mills prominent holders.
• Dematerialised shares at 98.77%; ISIN INE222F01029.

Operations & capacity

• 277 weaving machines; capacity ~1.7 million metres per month.
• FY26 capex: over ₹25 crore; Italian Rapier looms with Leno; Jacquard and warping upgrades.
• Renewable energy capacity 6.31 MW; produced 94.31 lakh kWh; 32.37 lakh kWh purchased.

Exports and markets

• Geography: India ₹14,194.50 lakh; Rest of World ₹21,515.63 lakh.
• Total external revenue ₹35,710.13 lakh; single customer ₹19,119.25 lakh (>10%).
• Home Textiles segment turnover ₹19,197.67 lakh.

Governance & compliance

• Board of 9 directors; 1 Executive, 5 Independent, 3 Non-Exec; one Woman Director.
• Eight board meetings in FY2025-26; AGM via VC on 31 July 2026.
• Statutory auditors: CNGSN & Associates LLP; Secretarial audit by S. Ramalingam.

CSR & sustainability

• CSR expenditure ₹27.61 lakh; CSR obligation ₹56.26 lakh.
• CSR committee re-formed on 12 Feb 2026; Uma Kannan, M. Anbukani, L. Sevugan.
• CSR activities focus on education; KKTCMCT; policy on the Company website.

Outlook and risks

• Industry outlook constructive; India emerging as preferred textile hub with policy support.
• Key risks: raw material volatility, tariffs, geopolitical tensions, currency fluctuations.
• Management focus: capacity expansion, export diversification, value-added products, technology upgrades.

Financial performance

• Turnover FY2025-26 ₹37,198.13 lakhs; up 7.97% YoY.
• Export turnover ₹23,003.63 lakhs; 61.84% of total.
• PAT after tax ₹1,119.88 lakhs; down from ₹4,537.41.
• EPS ₹1.11 (basic and diluted).
• Bonus shares issued: 60,341,400; equity ₹1,005.69 lakhs.
• Dividend not recommended for FY2025-26; prior final dividend ₹0.75 per share.

Operations and capacity

• Virudhunagar facility: 277 looms; ~1.7 million metres/month.
• FY26 capex: >₹25 crore for modernization and capacity.
• New looms: 4 ITEMA rapier; 4 PICANOL OPTIMAX Jacquard; 2 PICANOL ULTIMAX.
• Warping/yarn-conditioning/automatic folding machine installed to enhance quality.
• Renewable energy: 6.31 MW; 94.31 lakh units generated; 32.37 lakh purchased.

Debt and liquidity

• Total borrowings ₹7,483.65 lakh; current ₹6,423.34; non-current ₹1,060.31.
• Debt-Equity ratio 0.24; DSCR 57.91.
• Cash flows: operating ₹130.86; investing −₹2,306.78; financing ₹2,215.66.
• Year-end cash and cash equivalents ₹299.71.
• Equity capital after bonus: ₹1,005.69; shares 100,569,000.

Governance & CSR

• Board: 9 directors; 1 Executive, 5 Independent; one Woman.
• Eight board meetings; some directors did not draw sitting fees.
• Audit Committee: 3 Independent; monitors risk management.
• CSR policy; CSR Committee formed 12-02-2026; spend ₹27.61 lakhs; 3 ongoing projects.

Tax, disclosures & risk

• Contingent liabilities include income tax ₹325.17 lakhs; VAT ₹92.12; electricity penalty ₹35.68.
• Bills discounted ₹524.04; bank guarantees ₹1.61.
• Income tax expense ₹376.51; current ₹395.57; deferred (19.06).
• Revenue recognition under Ind AS 115; no material misstatements reported.

Geography & customers

• Geography: India ₹14,194.50; Rest of World ₹21,515.63.
• One customer accounts for >10% of revenue: ₹19,119.25.
• Exports drive growth; domestic sales comprised 38% of revenue.

Market outlook

• Outlook: Indian textile sector favorable; policy support continues.
• Global textile market ~US$1.16 trillion in 2025; ~US$1.61 trillion by 2033; 4.2% CAGR.
• China+1 shift benefits India; emphasis on value-added, ESG.

VTM Ltd — Trading Window Closure from 1st July 2026 till the expiry of 48 hours after declaration of Un-Audited Financial Results for the Quarter ended 30th June, 2026