Bharat Textiles accepts resignation of Company Secretary Jhawar

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights

Bharat Textiles & Proofing Industries Ltd accepted the resignation of Shiv Ratan Jhawar as Company Secretary & Compliance Officer effective July 1, 2026. Jhawar stepped down from the position of Key Managerial Personnel (KMP) to pursue better growth and career opportunities. The Board of Directors expressed appreciation for his services.

powered bylight_fuzz_icon
44537094

*this image is generated using AI for illustrative purposes only.

Bharat Textiles & Proofing Industries Ltd accepted the resignation of Shiv Ratan Jhawar as Company Secretary & Compliance Officer effective July 1, 2026. Jhawar stepped down from the position of Key Managerial Personnel (KMP) to pursue better growth and career opportunities. The Board of Directors expressed appreciation for the valuable services rendered by Jhawar during his tenure.

The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jhawar confirmed in his resignation letter that there were no other material reasons for his departure beyond the stated career objectives. The company will file the necessary forms with the Registrar of Companies and inform the stock exchanges.

Resignation Details

The following table outlines the key details regarding the change in the company's compliance leadership:

Sr. No. Particulars Details
1 Name Mr. Shiv Ratan Jhawar
2 Reason for change Resignation due to better growth and career opportunity
3 Date of Cessation With effect from July 1, 2026 (after the closing of business hours)
4 Brief Profile Not Applicable
5 Disclosure of relationship between directors Not Applicable

The information regarding the resignation has been made available on the company's official website. Ajeet Kumar Bhandari, Managing Director of Bharat Textiles & Proofing Industries Ltd, signed the regulatory filing submitted to the Bombay Stock Exchange.

Who will be appointed as the new Company Secretary & Compliance Officer to ensure regulatory continuity?

How will the company manage the transition period before the new compliance officer assumes charge?

Could this leadership change impact Bharat Textiles' compliance efficiency or regulatory filings?

like17
dislike

Bharat Textiles reports FY26 net profit of ₹33.13 lakh

scanx
Reviewed by
Riya DScanX News Team
Key Highlights

Bharat Textiles & Proofing Industries Ltd reported a net profit of ₹33.13 lakh for FY26, up from ₹26.25 lakh in FY25, with revenue from operations rising to ₹1,929.86 lakh. The Board approved the audited financial results and re-appointed Mr. Krishna Kumar Bhandari as Whole-Time Director. The company also shifted machinery to its Gummudipoondi facility and sold its TADA factory assets.

powered bylight_fuzz_icon
41614521

*this image is generated using AI for illustrative purposes only.

Bharat Textiles & Proofing Industries Ltd reported a net profit of ₹33.13 lakh for the financial year ended March 31, 2026, marking an increase from ₹26.25 lakh in the previous year. Revenue from operations for FY26 rose to ₹1,929.86 lakh, compared to ₹1,631.99 lakh in FY25, driven by the manufacturing and marketing of cotton canvas. The company’s total income for the year stood at ₹2,050.19 lakh.

Financial Performance

The company’s earnings per share (EPS) for the year improved to ₹0.57 from ₹0.45 in the prior year. For the quarter ended March 31, 2026, the company reported a net loss of ₹86.73 lakh, contrasting with a profit of ₹140.19 lakh in the preceding quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹793.53 lakh.

Operational Highlights

During the year, the company shifted its existing machinery from its factory in TADA, Andhra Pradesh, to its facility in Gummudipoondi, Tamil Nadu. Additionally, the factory land and building situated at TADA, Andhra Pradesh, were sold. The company operates in a single business segment and does not have any reportable segments as per Indian Accounting Standard 108.

Board Decisions

The Board of Directors, in its meeting held on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Upon the recommendation of the Audit Committee, the Board also approved the re-appointment of Mr. Krishna Kumar Bhandari (DIN: 05309897) as the Whole-Time Director of the company.

Financial Position

The total assets of the company as of March 31, 2026, stood at ₹1,301.85 lakh, a decrease from ₹1,508.61 lakh in the previous year. The equity share capital remained unchanged at ₹585.71 lakh. The cash and cash equivalents at the end of the year increased to ₹7.76 lakh from ₹4.28 lakh in the previous year.

Particulars Year Ended 31.03.2026 (₹ in Lakhs) Year Ended 31.03.2025 (₹ in Lakhs)
Revenue from Operations 1,929.86 1,631.99
Total Income 2,050.19 1,671.21
Total Expenses 1,986.25 1,659.79
Net Profit for the period 33.13 26.25
Earnings Per Share (Basic & Diluted) 0.57 0.45

What are the strategic reasons behind shifting machinery from TADA to Gummudipoondi, and how will this impact production efficiency?

How does the company plan to utilize the capital generated from the sale of the TADA factory land and building?

What caused the significant swing from a profit of ₹140.19 lakh in Q3 FY26 to a loss of ₹86.73 lakh in Q4?

like18
dislike

More News on Bharat Textiles & Proofing Industries Ltd