Borana Weaves has scheduled its sixth annual general meeting for September 29, 2026. The meeting will be held via video conference or other audio-visual means starting at 11:30 am.

The company issued a web-link letter to shareholders who have not registered their email addresses with the registrar or depository participants. This communication complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Accessing Corporate Documents

Shareholders can access the electronic copies of the AGM notice and the annual report for FY26 through the provided web links. Physical copies are not being sent to members without registered email IDs.

The notice was signed by Ankur Mangilal Borana, Executive Director and Chief Executive Officer.

Borana Weaves has scheduled its 6th Annual General Meeting (AGM) for September 29, 2026, to present its financial performance for FY26. The textile manufacturer reported a 60.7% year-on-year increase in net profit, reaching ₹646.1 crore, against a backdrop of robust revenue growth and operational efficiency.

The company recorded revenue from operations of ₹3,885.9 crore in FY26, up from ₹2,903.1 crore in the previous fiscal year. This represents a 33.9% growth, reflecting strong demand for its microfilament woven fabrics. The Board of Directors decided not to declare any dividend for the financial year ended March 31, 2026, opting instead to preserve resources for future expansion.

Financial Highlights

The audited standalone financial statements reveal significant improvements in profitability metrics alongside top-line growth.

Other income stood at ₹82.1 crore, contributing to the total revenue figure. The company’s return on net worth was reported at 23.03%, while the debt-equity ratio remained conservative at 0.25x. The current ratio improved to 4.33x, indicating strong liquidity position.

Capacity Expansion and Strategy

Borana Weaves continues to invest in its manufacturing capabilities. The company is expanding its Unit 4 facility with an addition of 192 looms and 3 texturisers, targeting commercial production by December 2026. This expansion aims to enhance its annual fabric production capability, which currently stands at 398 million metres.

The integrated manufacturing platform spans from POY-to-PTY texturising to weaving, supported by 1,212 high-speed water-jet looms across four manufacturing units. The company highlighted a 98% repeat order rate, underscoring enduring customer confidence in its quality and execution.

What the Numbers Show

A notable divergence exists between the growth rates of revenue and net profit. While revenue grew by 33.9%, net profit surged by 60.7%. This disproportionate rise in profitability suggests significant operating leverage or cost efficiencies realized during the period. Additionally, finance costs decreased from ₹50.5 crore in FY25 to ₹34.9 crore in FY26, despite an increase in total borrowings, likely due to lower interest rates or optimized debt mix. This reduction in interest expense directly contributed to the expanded profit margins.

Governance and Appointments

The AGM will also address several governance matters. Shareholders will vote on the re-appointment of M/s. KSA & Co. as Statutory Auditors for a second term of five years. The company has appointed M/s. K. Dalal & Co. as Secretarial Auditors for five consecutive financial years commencing from FY27.

Remuneration revisions for key management personnel are also on the agenda. The monthly remuneration for Chairman & Managing Director Mangilal Ambalal Borana will increase from ₹1 lakh to ₹1.5 lakh. Similarly, Executive Directors Rajkumar Mangilal Borana and Ankur Mangilal Borana will see their monthly remuneration revised from ₹50,000 to ₹1.5 lakh each, effective August 1, 2026.