CLC Industries has announced the scheduling of its 34th Annual General Meeting (AGM) for September 11, 2026. The meeting will be conducted through video conferencing or other audio-visual means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI regulations.

Meeting Details

The AGM is set for Friday, September 11, 2026, at 12:30 pm IST. The company has published the notice in The Indian Express (English) and Lok Satta (Marathi), both circulated in Chhatrapati Sambhajinagar on August 19, 2026. The Integrated Annual Report, including standalone financial statements and the Board’s Report for FY26, has been dispatched to shareholders via email.

E-Voting Schedule

Shareholders holding shares as of the cut-off date, September 4, 2026, are eligible to vote. The remote e-voting facility, managed by National Securities Depository Limited (NSDL), operates within a specific window:

• Start Date: Tuesday, September 8, 2026, at 9:00 am
• End Date: Thursday, September 10, 2026, at 5:00 pm

The e-voting module will be disabled after the deadline. Voting rights are proportional to paid-up equity capital as on the record date. Members attending via VC/OAVM count toward the quorum under Section 103 of the Companies Act.

Document Access

The AGM notice and annual report are available on the company’s website and the stock exchange portals of BSE and NSE. Detailed instructions for remote voting are accessible via the NSDL e-voting portal.

CLC Industries reported a substantial turnaround in its financial performance for FY26, with total revenue surging to ₹401.96 crore, a 540% increase from ₹61.62 crore in the previous year. Despite the top-line growth, the company recorded a net loss of ₹8.76 crore (₹8.43 per share), compared to a net loss of ₹46.25 crore (₹44.49 per share) in FY25.

The revenue expansion was primarily attributed to the trading of cotton, which constituted the major portion of the turnover, alongside the commencement of full-fledged manufacturing operations. The company operates a spinning facility in Baramati with 32,400 spindles, capable of producing approximately 15 metric tons of high-quality yarn daily.

Financial Performance

The company’s operating profit before interest, depreciation, and amortization (EBITDA) stood at ₹0.51 crore in FY26, reversing an operating loss of ₹39.45 crore in FY25. However, finance costs remained elevated at ₹56.54 crore, up from ₹32.92 crore in the prior year, largely due to increased borrowings to support the expanded trading and manufacturing activities.

Other income declined to ₹6.15 crore from ₹10.46 crore in FY25. Depreciation and amortization expenses were stable at ₹36.17 crore, marginally higher than the ₹35.05 crore incurred in FY25.

What the Numbers Show

While the revenue growth is dramatic, the profitability remains constrained by high leverage. The finance cost of ₹56.54 crore significantly outweighed the operating profit of ₹0.51 crore, indicating that the current business model is heavily dependent on debt financing. The narrowing net loss suggests that the operational scale-up is beginning to offset fixed costs, but the company must manage its interest burden carefully to achieve sustained profitability.

Related Party Transactions

Shareholders will approve omnibus limits for material related party transactions (RPTs) with several promoter-linked entities at the upcoming AGM. The proposed aggregate limits include:

• Manjeet Cotton Private Limited (Holding Company): ₹110.00 crore
• DV Export: ₹50.00 crore
• Manjeet Global Private Limited: ₹59.00 crore
• Deegee Cotsyn Private Limited: ₹40.00 crore
• Sukhmani Cotton Industries: ₹30.00 crore
• Satyam Spinners Private Limited: ₹30.00 crore
• Keshav Ginning & Pressing Factory: ₹10.00 crore

These transactions involve the sale and purchase of goods, raw materials, and unsecured loans, all conducted at arm’s length. Manjeet Cotton Private Limited holds a 90% stake in CLC Industries.

Corporate Governance and AGM

The 34th Annual General Meeting is scheduled for September 11, 2026, at 12:30 pm via video conferencing. Key agenda items include:

• Adoption of audited standalone financial statements for FY26.
• Re-appointment of Mr. Shrutisheel Jhanwar as Director, who retires by rotation.
• Ratification of remuneration for Cost Auditors, M/s. Rajput & Associates, amounting to ₹45,000 plus taxes.

The Board did not recommend a dividend for FY26 due to the losses incurred. The company’s shares were re-listed on stock exchanges on January 30, 2026, after a suspension period.