Aarnav Fashions has scheduled its 43rd Annual General Meeting for September 30, 2026. The meeting will convene at 3:00 pm at the company’s registered office in Ahmedabad to address ordinary and special business items.

Ordinary Business

Shareholders will consider and adopt the audited financial statements for the fiscal year ended March 31, 2026. This includes reviewing the reports of the Board of Directors and the auditors.

The agenda also features the reappointment of Ms. Nidhi Sanjaykumar Agarwal as a Non-Executive Director. Ms. Agarwal retires by rotation at this meeting and is eligible for reappointment under Section 152 of the Companies Act, 2013.

Special Business

The meeting will seek shareholder ratification for the remuneration payable to M/s Kiran J. Mehta & Co., Cost Accountants. The Board appointed them as Cost Auditors for FY27 with a fee of ₹55,000 plus applicable taxes and out-of-pocket expenses.

Additionally, shareholders will approve the appointment of Ravi Kapoor & Associates as Secretarial Auditor for a five-year term from FY27 to FY31. The remuneration cap for this tenure will be mutually agreed upon by the Board and the auditor.

Meeting Logistics

The register of members will remain closed from September 24, 2026, to September 30, 2026. The cut-off date for voting rights is September 23, 2026. Remote e-voting will be available from September 27, 2026, to September 29, 2026.

Aarnav Fashions reported a net profit of ₹168.10 lakh for the quarter ended June 30, 2026, a 11% decline from the ₹188.91 lakh earned in the same period last year. The Ahmedabad-based textile manufacturer saw revenue from operations drop 11% year-on-year (YoY) to ₹8652.86 lakh, reflecting softer demand or pricing pressures in its core segment. While the company managed to reduce cost of materials consumed, this benefit was offset by sustained finance costs and other expenses, squeezing margins in the opening quarter of FY27.

The Board of Directors approved the unaudited financial results and the limited review report issued by statutory auditors Nahta Jain & Associates during a meeting held on July 28, 2026. The filing was submitted in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and reviewed under Standard on Review Engagements (SRE) 2410.

Financial Performance Highlights

Revenue from operations declined to ₹8652.86 lakh from ₹9715.80 lakh in Q1FY26. Other income also saw a marginal dip to ₹7.80 lakh from ₹8.20 lakh. Total income for the quarter stood at ₹8660.66 lakh, compared to ₹9724.00 lakh in the corresponding period of the previous fiscal year.

Expense Breakdown

Cost of materials consumed decreased slightly to ₹6684.46 lakh from ₹6712.41 lakh, indicating better input cost management. However, purchases of stock-in-trade fell sharply to ₹156.40 lakh from ₹599.99 lakh, suggesting reduced inventory buildup. Employee benefits expense rose modestly to ₹226.82 lakh from ₹211.51 lakh. Finance costs increased marginally to ₹256.69 lakh from ₹251.67 lakh, while depreciation and amortization expense remained stable at ₹195.00 lakh. Other expenses declined significantly to ₹1420.76 lakh from ₹1894.08 lakh, contributing to the overall reduction in total expenses to ₹8435.06 lakh.

What the Numbers Show

The primary driver of the net profit decline is the contraction in revenue from operations, which outpaced the reduction in total expenses. Although other expenses dropped substantially, the 11% fall in top-line revenue directly impacted profitability. The profit before tax fell to ₹225.60 lakh from ₹252.41 lakh, with tax expenses reducing proportionally to ₹57.50 lakh (net of deferred tax benefits). The earnings per share (EPS) decreased to ₹0.40 from ₹0.45, signaling lower returns for shareholders in the quarter. The company operates primarily in the textiles sector, with no separate reportable segments as per Ind AS 108.