Bharat Textiles & Proofing Industries Limited (BSE: BHATEXT) has reappointed its top management team following a board meeting held on September 1, 2026.

The Board of Directors approved the reappointment of Mr. Ajeet Bhandari Kumar as Managing Director and Mr. Anil Bhandari as Whole-time Director. Both appointments are for a term of three years and are subject to approval by members at the company’s ensuing 36th Annual General Meeting.

Management Profiles

Mr. Ajeet Bhandari Kumar brings extensive technical experience in the manufacturing of cotton canvas, digital printable fabric, and PVC coated tarpaulins. The board cited his expertise as critical for the smooth and efficient running of the business.

Mr. Anil Bhandari possesses rich experience in textile engineering, manufacturing processes, production management, quality control, and product development. His profile highlights sound knowledge of technical and operational aspects within the textile industry.

Corporate Governance Details

The disclosures were made in compliance with Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company’s website.

Key Appointments

Both directors are part of the same family group. Mr. Ajeet Bhandari Kumar is the father of Whole-time Director Mr. Krishna Kumar Bhandari and husband of Director Veena Bhandari. He is also related to Mr. Anil Bhandari, who is his brother.

Bharat Textiles & Proofing Industries Limited returned to profitability in Q1FY26, reporting a net profit of ₹4.30 crore compared to a net loss of ₹9.02 crore in Q1FY25. The Chennai-based manufacturer achieved this turnaround while growing revenue from operations by 14.2% to ₹210.86 crore from ₹184.64 crore in the corresponding quarter of the previous year. This shift marks a significant recovery from the preceding quarter (Q4FY25), where the company posted a net loss of ₹86.73 crore.

The Board of Directors approved the unaudited standalone financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditors, Diyali B & Associates, who issued an unqualified opinion on the quarterly financials. The audit committee also reviewed the results before board approval.

Financial Performance Highlights

Revenue growth was supported by stable other income, which stood at ₹0.76 crore in Q1FY26, slightly down from ₹0.90 crore in Q1FY25. However, total income from operations reached ₹211.62 crore, up from ₹185.54 crore in the prior year period. The company operates exclusively in the manufacturing and marketing of cotton canvas segment.

What the Numbers Show

The return to profitability was driven by effective cost management relative to revenue generation, despite an increase in certain expense categories. Cost of materials consumed decreased significantly to ₹86.42 crore in Q1FY26 from ₹134.91 crore in Q1FY25, contributing positively to margins. However, establishment and other expenses rose to ₹41.98 crore from ₹57.92 crore in the previous year, indicating some control over overheads. Finance costs remained relatively stable at ₹16.89 crore, compared to ₹17.04 crore in Q1FY25. The improvement in pre-tax profit from a loss of ₹9.02 crore to a profit of ₹4.30 crore underscores the operational efficiency gains in the current quarter.