Craft Emerging Market Fund PCC has acquired a 6.42% stake in Pashupati Cotspin Limited through open market transactions in February 2025. The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquisition was executed by two entities acting in concert: Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund. The entities purchased a total of 10,132,543 shares carrying voting rights. Prior to this transaction, the acquirer held no shares in the target company.

Acquisition Details

The disclosure details the shift in shareholding following the open market purchase. The table below outlines the holdings before and after the acquisition.

The total equity share capital and total voting capital of Pashupati Cotspin Limited stood at 157,840,000 both before and after the acquisition. The total diluted share/voting capital remained unchanged at 157,840,000.

Acquirer Classification

The acquirer has confirmed that it does not belong to the promoter or promoter group of Pashupati Cotspin Limited. The shares of the target company are listed on the BSE. The disclosure was signed and submitted from Mauritius on June 05, 2026.

Pashupati Cotspin Limited has re-submitted its audited standalone and consolidated financial results for the financial year ended March 31, 2026, to rectify inadvertent errors in the classification and presentation of financial items. The company identified mistakes in the amounts disclosed under "Cost of Materials Consumed" and "Purchase of Stock-in-Trade" due to an Excel casting error, alongside minor adjustments in deferred tax and other current assets. The revisions do not impact the company's profitability, cash flows, net worth, or earnings per share.

The board had initially approved the results on May 29, 2026, recommending a final dividend of ₹0.05 per equity share. Following the corrections, the net profit for FY26 stands at ₹1,038.88 lakh, compared to ₹1,410.97 lakh in the previous year. Total revenue for the year increased to ₹66,588.47 lakh from ₹65,081.93 lakh in FY25. The company adopted Indian Accounting Standards (Ind AS) effective from April 1, 2025, after migrating to the main board of the NSE and BSE.

Financial Performance

For the quarter ended March 31, 2026, standalone revenue from operations rose to ₹16,027.58 lakh from ₹12,747.44 lakh in the corresponding quarter of the previous year, while standalone net profit fell to ₹162.31 lakh compared to ₹719.19 lakh in Q4 FY25. On a consolidated basis, Q4 net profit declined to ₹172.07 lakh from ₹719.32 lakh year-on-year, as consolidated revenue grew to ₹17,109.62 lakh from ₹13,635.32 lakh in the same period. The statutory auditors, M/s. Mahendra N. Shah & Co., issued an unmodified opinion on the audited standalone and consolidated financial results.

The following table summarises the full-year standalone financial performance:

The quarterly consolidated performance is summarised below:

Regulatory Disclosures

The re-submission was made pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The company clarified that the revisions were restricted to the financial figures pertaining to the quarter and financial year ended March 31, 2026, and superseded the earlier submission made on May 29, 2026. All other information and disclosures submitted previously remain unchanged.