Blue Chip Tex Industries Limited reported a net profit of ₹18.68 lakh for the financial year ended March 31, 2026 (FY26), marking a turnaround from the net loss of ₹100.60 lakh recorded in FY25. The company also announced that its 41st Annual General Meeting (AGM) will be held on September 22, 2026, exclusively through video conferencing.

The textile manufacturer saw its revenue from operations decline by 11.82% to ₹21,982.08 lakh in FY26, down from ₹24,928.96 lakh in the previous year. Despite the drop in top-line growth, the company managed to improve its bottom line through cost optimization and reduced tax expenses. Profit before tax stood at ₹22.58 lakh, compared to a loss of ₹120.84 lakh in FY25.

Financial Performance Highlights

The improvement in profitability was driven by lower expenses and favorable tax adjustments. Total expenses decreased to ₹21,966.70 lakh from ₹25,100.11 lakh in FY25. Other income fell significantly to ₹7.20 lakh from ₹50.30 lakh, primarily due to a reduction in profit on the sale of plant and equipment.

The Board of Directors did not recommend any dividend for FY26. No amount was transferred to General Reserves during the period under review.

AGM Details and Agenda

The 41st AGM is scheduled for Tuesday, September 22, 2026, at 12:00 noon. Shareholders holding shares as on the cut-off date of September 15, 2026, are eligible to vote. Remote e-voting will be open from September 18, 2026, at 9:00 am to September 21, 2026, at 5:00 pm via the Bigshare platform.

Key agenda items for shareholder approval include:

• Re-appointment of Director: Mr. Rahul A. Khemani retires by rotation and offers himself for re-appointment.
• Appointment of Independent Director: Mr. Saurabh S. Somani is proposed as an Independent Director for five years, commencing August 12, 2026.
• Cost Auditor Remuneration: Ratification of fees payable to M/s NKJ & Associates for FY27.
• Alteration of MOA and AOA: Special resolutions to adopt new Memorandum and Articles of Association in line with the Companies Act, 2013.

Balance Sheet Strength

As of March 31, 2026, total assets stood at ₹3,372.14 lakh. The company has strengthened its balance sheet by eliminating long-term borrowings, which were ₹160.40 lakh in FY25 but stand at zero in FY26. Cash and cash equivalents increased significantly to ₹91.43 lakh from ₹7.74 lakh in the previous year, indicating improved liquidity management.

Blue Chip Tex Industries reported a net loss of ₹75.17 lakh for the quarter ended June 30, 2026, widening from a ₹60.87 lakh loss in the same period of FY25. The company’s revenue from operations increased by 3.1% year-on-year to ₹5,906.49 lakh, up from ₹5,728.78 lakh in Q1FY25.

The Board of Directors approved the unaudited financial results on August 12, 2026, alongside changes to its board composition. Mr. Saurabh S. Somani was appointed as an Additional Director (Non-Executive Independent Director) with effect from August 12, 2026. His appointment is subject to the approval of Members of the Company at the upcoming Annual General Meeting. Mr. Somani, who holds a BA in Economics from the University of Illinois at Urbana Champaign, brings over eight years of experience in finance and investments, including five years at EY India in Risk Advisory and subsequent roles in a travel startup and a family office managing private, public market, and real estate investments.

Concurrently, the Board accepted the resignation of Mr. Rohit P. Bajaj as an Independent Director, effective August 12, 2026, upon closure of business hours. Mr. Bajaj tendered his resignation due to other commitments. The Board placed on record its appreciation for his contribution during his tenure.

Financial Performance

Revenue growth was offset by a sharper rise in total expenses, which climbed to ₹6,010.42 lakh from ₹5,804.53 lakh in the prior year’s quarter. Cost of materials consumed rose 5.5% to ₹4,909.98 lakh, contributing significantly to the margin pressure.

Other income remained minimal at ₹4.31 lakh compared to ₹0.66 lakh in Q1FY25. Finance costs dropped significantly to ₹0.51 lakh from ₹4.15 lakh in the previous year’s quarter.

What the Numbers Show

The divergence between revenue growth and expense inflation highlights ongoing cost management challenges. While revenue grew 3.1%, total expenses expanded at a faster clip of 3.5%. Specifically, the cost of materials consumed rose 5.5% year-on-year, outpacing top-line growth. This suggests that input cost pressures were not fully passed on to customers or mitigated through efficiency gains during the quarter.

Corporate Actions

The Board reconstituted its committees following the director changes, effective August 12, 2026:

• Nomination & Remuneration Committee: Chaired by Mrs. Tanya S. Shah, with members Mr. Saurabh S. Somani and Mr. Siddharth A. Khemani.
• Audit Committee: Chaired by Mr. Abhishek S. Kamdar, with members Mr. Saurabh S. Somani and Mr. Rahul A. Khemani.

The company scheduled its 41st Annual General Meeting for September 22, 2026, to be held via Video Conferencing or Other Audio-Visual Means (OAVM) in compliance with MCA General Circulars. Shareholders with registered email IDs will receive soft copies of the Annual Report 2025-26.