Outcome of Board Meeting dated 27.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acknit Industries reported flat revenue of Rs 24,043 lakh for FY2026 (vs Rs 24,037 lakh prior year) with PAT declining 9% to Rs 818 lakh due to higher material costs and finance charges. EPS stood at Rs 26.92 vs Rs 29.59 in FY2025. The board declared a 15% dividend (Rs 1.50/share). Two independent directors will retire on 29th May 2026 upon completing two consecutive terms, while Mr. Rajarshi Ghosh was reappointed for a second 5-year term from 30th June 2026. The company also disclosed that its new garment factory has started trial production (targeting 50% capacity by September 2026), helmet commercial production has begun, and PPE/hand glove trial production has commenced at Falta III facility. Auditors SRB & Associates issued an unmodified opinion.
The flat revenue and declining profitability are concerning, though dividend payment signals some confidence. The substantial increase in non-current borrowings (from Rs 107 lakh to Rs 1,248 lakh) raises leverage concerns. New diversification into helmets and PPE adds strategic optionality but near-term profitability may remain pressured.