OUTCOME OF THE BOARD MEETING HELD ON 29.05.2026
BHANDARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhandari Hosiery Exports Ltd reported audited FY2026 results with revenue from operations at Rs 28,033.73 Lacs, marginally up 0.6% from Rs 27,855.45 Lacs in FY2025. Net profit grew modestly to Rs 776.83 Lacs from Rs 771.32 Lacs (~0.7% increase). The Board recommended a final dividend of Re 0.01 per equity share (1% on face value of Re 1). The company completed a rights issue of 9.29 crore equity shares at a premium of Rs 2.56 per share, increasing paid-up capital from Rs 2,400.49 Lacs to Rs 3,329.56 Lacs. Statutory auditors Raj Gupta & Co issued an unmodified opinion on the financial statements. M/s V.V. Bhalla & Co was appointed as Internal Auditors for FY2026-27.
Marginal revenue and profit growth combined with negative operating cash flow (-Rs 737.87 Lacs) suggests operational challenges despite the capital raise. The clean audit opinion provides assurance, but investors should monitor working capital management as receivables and inventories have risen significantly.