Adinath Textiles has scheduled its 46th Annual General Meeting for September 30, 2026. The company confirmed the book closure dates in a filing with BSE Limited on September 5, 2026.

The meeting will be held at 11:00 am at the company’s registered office in Ludhiana. Harpreet Kaur, Company Secretary, issued the intimation pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The primary business for the meeting includes receiving, considering, and adopting the audited financial statements for the financial year ended March 31, 2026. Shareholders will also vote on the re-appointment of Mr. Vishal Oswal as a director.

Mr. Oswal retires by rotation and offers himself for re-appointment. He has served on the board since July 31, 1999, and attended all four board meetings during FY25-26. His expertise lies in management and administration.

Director Profile

Mr. Oswal also serves on the Stakeholder's Relationship Committee of Shreyans Industries Limited. He is related to Mr. Rajneesh Oswal, who is his real brother.

Voting and Logistics

The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026, for the purpose of the AGM. The record date for determining voting eligibility is September 23, 2026.

The company will provide a remote e-voting facility. The voting period begins on September 26, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm.

Shareholders holding shares in demat mode can vote through their depository participants or directly via CDSL/NSDL platforms. Physical shareholders must log in through the CDSL e-voting system using their folio number.

M/s P.S. Bathla & Associates have been appointed as the scrutinizer for the e-voting process.

Adinath Textiles reported a net profit of ₹4.5 lakh for the financial year ended March 31, 2026, marking a significant decline from the previous year's earnings. The company, which has no active manufacturing operations, generated its income primarily through leasing vacant factory buildings and managing financial investments.

Financial Performance

The company’s total income stood at ₹1.34 crore, driven entirely by other income sources as there was no revenue from operations. This represents a slight decrease from the ₹1.36 crore recorded in FY25. The decline in top-line income directly impacted the bottom line, with profit before tax falling to ₹3.52 lakh from ₹11.99 lakh in the prior year.

Operating expenses remained relatively stable, with employee benefits rising marginally to ₹84.86 lakh and other expenses increasing to ₹41.59 lakh. Depreciation charges decreased to ₹3.99 lakh from ₹5.41 lakh, reflecting the aging of the asset base.

What the Numbers Show

A critical divergence exists between the company’s cash generation and its accounting profit. While the net profit after tax was positive at ₹4.5 lakh, the net cash used in operating activities amounted to (₹117.97 lakh). This negative operating cash flow highlights that the company is consuming cash reserves to cover administrative and employee costs, relying on investing activities—specifically rental income of ₹1.04 crore and mutual fund sales—to maintain liquidity.

Balance Sheet and Investments

As of March 31, 2026, Adinath Textiles held total assets of ₹4.06 crore. Non-current assets comprised ₹3.23 crore, including property, plant, and equipment valued at ₹41.39 lakh and investment property at ₹11.50 lakh. The company maintains a portfolio of long-term investments worth ₹2.61 crore, primarily in mutual funds and unquoted equity instruments.

Cash and cash equivalents decreased to ₹15.71 lakh from ₹24.23 lakh in the previous year. The company carries no borrowings, resulting in a net debt position of (₹15.71 lakh). Total equity increased slightly to ₹3.02 crore due to retained earnings, despite the absence of dividend payouts.

Corporate Governance

The Board of Directors did not recommend any dividend for FY26 due to inadequate profits. Mr. Vishal Oswal, Vice-Chairman & Managing Director, retires by rotation at the upcoming Annual General Meeting scheduled for September 30, 2026, and offers himself for reappointment.