Counter Cyclical Investments Private Limited reduced its holding in Blue Chip Tex Industries to 5.62% following an open-market sale of 2,340 shares on September 2, 2026.

The portfolio manager, acting on behalf of its clients, disclosed the disposal under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed via the open market, as confirmed in the filing submitted to BSE Limited.

Shareholding Changes

Prior to the sale, Counter Cyclical Investments held a total of 113,001 shares, representing 5.73% of the company’s total voting capital. The disposal of 2,340 shares, equivalent to 0.12% of the voting capital, brought the post-transaction holding down to 110,661 shares.

The total equity share capital of Blue Chip Tex Industries remained unchanged at 19,70,500 shares both before and after the transaction. There were no changes in encumbered shares, warrants, or other convertible securities during this period.

Regulatory Disclosure

The disclosure was signed by Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments Private Limited, and dated September 3, 2026. The firm is registered in Nagpur, Maharashtra, and operates as a portfolio manager for its clients, who are considered persons acting in concert (PAC).

What the Numbers Show

The reduction in stake is marginal, involving less than 2% of the entity’s prior holding (2,340 out of 113,001 shares). The investor remains a significant shareholder with a stake above 5%, maintaining substantial influence without crossing any additional regulatory thresholds that would trigger further open offer obligations under SAST regulations.

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.