This is to inform the Exchange that pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Meeting ....
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Gini Silk Mills Limited held its Board Meeting on May 22, 2026, where the company approved its audited financial results for Q4 and FY ended March 31, 2026. Total income for FY26 stood at Rs. 4,148.16 Lakhs, slightly down from Rs. 4,263.27 Lakhs in FY25, representing a decline of about 2.7%. Net profit after tax decreased to Rs. 158.58 Lakhs from Rs. 180.42 Lakhs (down 12.1%). Earnings per share reduced to Rs. 2.84 from Rs. 3.23. However, cash generated from operations improved significantly to Rs. 95.70 Lakhs from Rs. 30.87 Lakhs in the previous year. Total borrowings were reduced by about 21% to Rs. 336.54 Lakhs. The board also appointed Mr. Hitesh Nandlal Poddar as Additional Independent Director effective May 30, 2026, replacing Mr. Ruchir Omprakash Jalan who completed his second term and ceased to be director from the same date. Both the Audit Committee and Stakeholders Relationship Committee were reconstituted with Mr. Poddar joining as a member. M/s. Dhiraj & Dheeraj were appointed as Internal Auditors for FY 2026-27.
While revenue and profitability declined year-on-year, the company showed improved operational cash generation and reduced debt levels, indicating better working capital management. The director changes appear routine in nature as they follow the completion of a standard 5-year term. Overall, this is a mixed result - the top-line and bottom-line weakness may concern short-term investors, though the strengthening cash position and debt reduction are positive balance sheet developments.