Arex Industries has scheduled its Annual General Meeting (AGM) for September 25, 2026. The company published a newspaper advertisement on August 26, 2026, in the Western Times to inform shareholders of the event and related corporate actions.

The notice was filed with the Bombay Stock Exchange on August 27, 2026, pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms the publication of details regarding the AGM notice, remote e-voting information, and the record date.

IEPF Transfer Notice

In compliance with Section 124(4B) of the Companies Act, 2013, Arex Industries announced the transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF). This action pertains to the final dividend declared for the financial year 2018-19, which remained unclaimed for seven consecutive years.

Key Details for Shareholders

• Physical Shares: Original share certificates for affected shareholders will stand automatically cancelled and deemed non-negotiable upon transfer.
• Demat Shares: Shares will be debited from the respective Demat accounts.
• Claim Process: Shareholders must file Form IEPF-5 with the IEPF Authority to claim transferred dividends and shares. No claims will lie against the company for amounts already transferred.

The company stated it is sending individual communications to concerned shareholders at their registered addresses. Details are also available on the company website.

What the Numbers Show

The transfer of dividends from FY19 indicates that these payouts have remained dormant for seven years, triggering mandatory regulatory transfer rules under the Companies Act, 2013.

Arex Industries reported a 44% decline in net profit to ₹148.2 lakh for the fiscal year ended March 31, 2026, down from ₹263.4 lakh in the previous year. Revenue from operations contracted by 3% to ₹4,963.7 lakh, reflecting softer demand conditions in the garment label sector.

The Board of Directors recommended a final dividend of ₹2.50 per equity share, aggregating to ₹89.97 lakh. This marks the first dividend payout since the previous financial year, when no dividend was declared. The 37th Annual General Meeting is scheduled for September 23, 2026, to approve the financial statements and reappoint retiring directors.

Financial Performance

Revenue from operations fell to ₹4,963.7 lakh from ₹5,114.1 lakh in FY25. Despite the top-line contraction, exports surged by 311% to ₹296.7 lakh, indicating a strategic push into overseas markets. However, this growth was insufficient to offset the decline in domestic sales.

Profit before tax dropped significantly to ₹191.9 lakh from ₹366.6 lakh. Depreciation and amortisation expenses rose to ₹435.7 lakh from ₹413.1 lakh, adding pressure on margins. Finance costs remained relatively stable at ₹103.8 lakh, compared to ₹109.4 lakh in the prior year.

What the Numbers Show

A key divergence in the financials is the sharp decline in other income, which fell to ₹6.2 lakh from ₹69.4 lakh in FY25. In the previous year, other income constituted approximately 25% of total revenue, providing a significant buffer to profitability. This year, other income contributed less than 0.2% of revenue, exposing the core operational challenges more clearly. The drop suggests that last year's profitability was partially supported by non-operational gains that have now normalised.

Balance Sheet and Cash Flow

The company’s total assets stood at ₹4,496.7 lakh, a decrease from ₹4,662.3 lakh in the prior year. Current borrowings increased to ₹1,060.0 lakh from ₹708.8 lakh, while non-current borrowings were fully repaid, reducing the non-current liability burden. Trade receivables declined to ₹682.8 lakh from ₹807.3 lakh, suggesting improved collection efficiency despite lower sales volumes.

Cash generated from operations was ₹757.6 lakh, down from ₹890.5 lakh in FY25. Investing activities consumed ₹474.4 lakh, primarily due to capital expenditures on property, plant, and equipment. The company maintained a positive cash position, with cash and cash equivalents rising to ₹10.6 lakh from ₹4.5 lakh.

Corporate Governance

The AGM will see the reappointment of Directors Pragnesh K Shah and Laxman C Tilani, who retire by rotation. Additionally, members will vote on the reappointment of Aviv J Divekar as an Independent Director for his second and final five-year term. The company has also amended its Memorandum of Association to include business activities related to packaging materials, expanding its scope beyond woven and printed labels.