Ginni Filaments Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor for 5 years, subject to approval of shareholders in the ensuing Annual General Meeting.
GINNIFILA · price
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On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 4.8 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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Ginni Filaments reported strong Q1 FY26 results with revenue from operations surging to ₹10,154.49 lakhs, up about 62% from ₹6,256.41 lakhs in Q1 FY25. EBITDA jumped to ₹2,302.79 lakhs (vs ₹758.22 lakhs), driving continuing operations net profit to ₹1,475.12 lakhs (vs ₹352.60 lakhs), roughly a 4x year-on-year increase. The company recognised an exceptional loss of ₹545.79 lakhs on remeasurement of Garment Division assets classified as held for sale, contributing to a discontinued operations loss of ₹414.10 lakhs. Overall profit for the period stood at ₹1,061.02 lakhs (vs ₹2.55 lakhs). The Board also approved re-appointment of Shishir Jaipuria as Managing Director for 3 more years (FY26–FY29), appointed M/s. Parveen Rastogi & Co. as Secretarial Auditor for 5 years (FY26–FY30), and amended the MOA to include captive power generation. The 42nd AGM is scheduled for September 26, 2025.
Strong revenue and profit growth in continuing operations (Textiles and Consumer Products segments) is a positive signal for shareholders, partly offset by losses from the wind-down of the Garment Division. No material auditor concerns flagged in the limited review.