Ashnoor Textile Mills has announced September 22, 2026, as the record date for its 43rd Annual General Meeting. The company will hold the meeting via video conferencing on September 29, 2026.

The Board of Directors has scheduled the AGM for Tuesday, September 29, 2026, at 4:00 pm. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 91 of the Companies Act, 2013, the Register of Members will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026.

E-voting Details

Members can exercise their voting rights electronically through MUFG Intime India Private Limited. The remote e-voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. Shareholders can also vote during the AGM.

Suneel Gupta, Managing Director, signed the intimation letter dated September 15, 2026.

Ashnoor Textile Mills reported a 46.85% decline in net profit after tax (PAT) to ₹8.48 crore for the financial year ended March 31, 2026. The textile manufacturer cited unprecedented tariff-related disruptions in exports to the United States as the primary driver of the downturn. Operating income contracted by 36.34% to ₹113.61 crore, reflecting the significant impact of US trade policies on its principal export market.

Despite the challenging external environment, the company maintained adequate liquidity and exercised disciplined cost control. The Board of Directors did not recommend a dividend for FY26, opting to retain earnings to support future growth and navigate the current trade volatility.

Financial Performance

The decline in profitability was broad-based, with operating income falling from ₹178.48 crore in FY25 to ₹113.61 crore in FY26. Other income also witnessed a sharp reduction, dropping by nearly half to ₹2.79 crore from ₹5.70 crore in the previous year. Total income for the year stood at ₹116.40 crore, down significantly from ₹184.17 crore.

Export realizations on a Free On Board (FOB) basis declined to ₹81.70 crore from ₹90.29 crore in FY25. However, net foreign exchange earnings remained robust at ₹79.75 crore, supported by lower foreign currency expenditures on stores, spares, and travel.

What the Numbers Show

A key divergence in the results is the resilience of the operating profit ratio despite the steep revenue decline. While revenue fell by over one-third, the operating profit ratio improved marginally to 14.79% from 13.55% in the prior year. This suggests that fixed cost absorption and disciplined expense management helped cushion the impact of lower volumes, even as variable costs scaled down with production.

Balance Sheet and Outlook

The company’s balance sheet remains strong, with total assets at ₹164.30 crore. Current assets increased slightly, driven by higher investments and cash balances, while current liabilities decreased due to reduced borrowings and trade payables. The debt-equity ratio improved to 0.59 from 0.74 in FY25, indicating a deleveraging trend.

Management expects the outlook for FY27 to be comparatively better as the market absorbs the initial tariff shock. The company anticipates a gradual normalization of export flows and a recovery in operating margins, supported by its strong financial position and established export capabilities.