DCM Nouvelle has scheduled its 10th Annual General Meeting (AGM) for Friday, September 25, 2026, at 11:00 am. The meeting will be conducted via video conferencing or other audio-visual means in accordance with Ministry of Corporate Affairs and SEBI circulars.

The company has submitted the Annual Report for the financial year ended March 31, 2026, along with the notice of the AGM. Shareholders holding shares as of the cut-off date of September 18, 2026, are eligible to vote. Remote e-voting will be open from September 22 to September 24, 2026.

Agenda Items

The Board has outlined three primary items for shareholder consideration during the virtual gathering.

Adoption of Financial Statements

Members will consider and adopt the audited standalone and consolidated financial statements for FY26. This includes reviewing the reports from the Board of Directors, Auditors, Management Discussion and Analysis, and the Business Responsibility and Sustainability Report.

Director Reappointment

Mr. Jitendra Tuli retires by rotation at this AGM and has offered himself for reappointment. As he has attained the age of 75 years, a Special Resolution is required under Regulation 17(1A) of the SEBI Listing Regulations for his continued tenure as a Non-Executive Director.

Mr. Tuli brings over 62 years of experience in communications and public relations. He previously served as a Public Information Officer for the World Health Organization’s Regional Office for South-East Asia for 19 years.

Cost Auditor Remuneration

The Board seeks ratification of the remuneration payable to M/s KG Goyal & Associates, Cost Accountants, Jaipur. The firm was appointed by the Audit Committee on May 15, 2026, for the financial year ending March 31, 2027.

The proposed remuneration is ₹65,000 plus applicable taxes and reimbursement of out-of-pocket expenses. No directors or key managerial personnel have any financial interest in this resolution.

Voting and Participation

National Securities Depository Limited (NSDL) acts as the authorized e-voting agency. Members can cast votes remotely or during the meeting if they have not voted beforehand.

Those wishing to speak during the AGM must pre-register via email between September 16 and September 21, 2026. The company reserves the right to limit the number of speakers based on time availability.

DCM Nouvelle Limited reported a standalone net profit of ₹3,145 lacs for the quarter ended June 30, 2026, marking a 371% year-on-year increase from ₹666 lacs in the corresponding period of FY25. The textile manufacturer’s revenue from operations grew 13.5% to ₹28,345 lacs, reflecting stronger domestic and export demand alongside improved operational efficiency. This performance signals a decisive turnaround from the net loss of ₹1,802 lacs recorded in FY25, underpinned by margin expansion and disciplined cost management.

The Board of Directors, chaired by Meenakshi Nayar, approved the unaudited financial results during a meeting held on August 07, 2026, in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Statutory auditors Walker Chandiok & Co LLP issued an unmodified conclusion on the standalone and consolidated results. The company also announced that its 10th Annual General Meeting will be held on September 25, 2026, via video conferencing.

Financial Performance Highlights

Consolidated net profit attributable to owners of the holding company stood at ₹2,798 lacs, up from ₹224 lacs in Q1FY26. Consolidated revenue reached ₹28,743 lacs, compared to ₹25,262 lacs in the prior year quarter. The group’s profit before tax was ₹3,813 lacs, excluding exceptional items which remained nil for the current quarter.

Segment-wise Analysis

The textiles segment continues to be the primary driver of profitability, contributing ₹28,345 lacs to consolidated segment revenue and generating a segment result of ₹4,205 lacs. In contrast, the chemicals segment, operated through subsidiary DCM Nouvelle Specialty Chemicals Limited, reported a loss of ₹396 lacs against revenue of ₹398 lacs.

Geographically, domestic sales accounted for ₹15,119 lacs of textile revenue, while exports contributed ₹13,226 lacs, indicating a balanced mix between Indian and international markets. The chemicals segment generated all its revenue domestically.

What the Numbers Show

The surge in net profit is primarily attributable to improved operating leverage in the core textiles business rather than one-off gains. With no exceptional items impacting the current quarter’s bottom line, the growth reflects genuine operational improvement. However, the continued losses in the chemicals segment highlight ongoing challenges in that division, which had previously seen a ₹3,561 lacs impairment provision in FY25. The divergence between the robust performance of the textiles unit and the struggling chemicals arm suggests a bifurcated business health requiring distinct strategic attention.

Regulatory and Compliance Updates

Walker Chandiok & Co LLP conducted their review in accordance with Standard on Review Engagements (SRE) 2410. The statutory auditors noted that nothing came to their attention to suggest the financial statements contained material misstatements. The company continues to monitor the implementation of new Labour Codes notified by the Ministry of Labour and Employment, having accrued ₹147 lacs for gratuity liability and ₹39 lacs for long-term compensated absences in FY25 as exceptional items. No such provisions were made in Q1FY27.