Outcome of Board Meeting dated 27.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.