Dhanlaxmi Cotex has scheduled its 40th Annual General Meeting (AGM) for September 29, 2026, to approve its financial statements for FY26 and reappoint Mrs. Payal Ankur Bankda as a non-executive director.

The company reported a sharp decline in profitability, with net profit after tax falling 98.55% year-on-year to ₹8.38 lakh from ₹579.47 lakh in FY25. Total revenue contracted by 28.83% to ₹1,470.36 lakh, driven by a significant drop in other income despite growth in fabric sales.

Financial Performance

Revenue from operations decreased to ₹1,327.51 lakh from ₹1,421.40 lakh in the previous fiscal year. This decline was primarily attributed to a reduction in income from share trading activities, which fell to ₹450.81 lakh from ₹1,065.98 lakh. Conversely, revenue from the sale of fabrics and yarn surged to ₹876.70 lakh, up from ₹355.42 lakh.

Other income dropped sharply to ₹142.85 lakh from ₹644.69 lakh, significantly impacting total revenue. Profit before tax stood at ₹7.72 lakh compared to ₹706.35 lakh in FY25. The company recorded an other comprehensive loss of ₹177.27 lakh, resulting in a total comprehensive loss of ₹168.89 lakh.

What the Numbers Show

The divergence between operating revenue and total revenue highlights the company's heavy reliance on investment gains for overall profitability. While fabric trading revenues more than doubled, they were insufficient to offset the steep decline in other income, which constitutes a major portion of the company's earnings mix. This shift underscores a contraction in investment-related returns rather than operational weakness in its core textile trading business.

Corporate Governance and Board Changes

The AGM will seek approval for the reappointment of Mrs. Payal Ankur Bankda, who retires by rotation. During FY26, the company saw changes in key managerial personnel. Mr. Rahul Mahesh Jhawar resigned as Executive Director and CFO in December 2025. Mrs. Rajni Mahesh Jhawar was appointed as CFO in February 2026.

The statutory auditors, M/s. DAC & Co., issued a qualified opinion on the financial statements. The qualification relates to the company's potential requirement to register as an Investment NBFC, as financial assets constitute more than 50% of total assets and income from such assets exceeds 50% of gross income. Management stated this is a procedural matter with no material impact on operations.

Shareholder Information

The remote e-voting facility will be available from September 26 to September 28, 2026. The share transfer books will remain closed from September 22 to September 29, 2026. The company did not recommend any dividend for FY26.

Dhanlaxmi Cotex Limited will hold its 40th Annual General Meeting on Tuesday, September 29, 2026. The meeting is scheduled to commence at 11:30 am and will be conducted exclusively through video conferencing or other audio-visual means.

The company issued a pre-newspaper publication notice on August 29, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was published in Business Standard in English and Mumbai Mitra in Marathi.

Meeting Logistics and Participation

Members can participate in the AGM remotely. Those joining through the video conferencing facility will be counted toward the quorum under Section 103 of the Companies Act, 2013. The company will not send hard copies of the notice to members.

Electronic copies of the AGM notice and the Annual Report for FY26 will be dispatched to shareholders who have registered their email addresses with the company’s Registrar and Transfer Agent or Depository Participants. Shareholders without registered emails will receive a letter containing the web link to access these documents.

E-Voting and Document Access

The e-voting process will be facilitated by Central Depositories Services (India) Limited. Detailed instructions for remote e-voting and voting during the meeting are outlined in the AGM notice. The documents are also available on the company’s website and the Bombay Stock Exchange portal.

Shareholders holding physical shares must register their email addresses by sending a signed request letter, a self-attested PAN card copy, and an address proof document to the designated email addresses provided in the notice. Electronic shareholders are advised to update their details with their respective Depository Participants.