Dollar Industries Limited will convene meetings for its equity shareholders and unsecured creditors on July 22, 2026, through video conferencing (VC) and other audio-visual means (OAVM) to seek approval for a composite scheme of arrangement involving nine group entities. The scheme, sanctioned by the National Company Law Tribunal (NCLT), Kolkata Bench, proposes the demerger of the Hosiery Business Unit of Dindayal Texpro Private Limited and the amalgamation of eight other transferor companies with Dollar Industries Limited. The appointed date for the scheme is April 1, 2025. The NCLT has appointed Mr. Jiyan Shah as the Chairperson and Mr. Ashwini Ramakant Gupta as the Scrutinizer for the meetings.

The composite scheme encompasses the demerger of Dindayal Texpro Private Limited and the amalgamation of ADDS Projects Private Limited, Amicable Properties Private Limited, Bhawani Yarns Private Limited, Dollar Brands Private Limited, Goldman Trading Pvt. Ltd., KPS Distributors Private Limited, PHPL Properties Private Limited, and Zest Merchants Private Limited with Dollar Industries Limited. The meetings are scheduled to be held pursuant to the NCLT order dated May 11, 2026. The equity shareholders' meeting will commence at 12:00 P.M. (IST), followed by the unsecured creditors' meeting at 2:30 P.M. (IST) on the same day.

Remote e-voting will be available from July 19, 2026, at 9:00 A.M. (IST) until July 21, 2026, at 5:00 P.M. (IST). The cut-off date for determining eligible equity shareholders is July 15, 2026, while for unsecured creditors, it is March 31, 2026. The Board of Directors of the applicant companies approved the scheme on September 26, 2025. The scheme aims to consolidate various group operations under a single flagship entity, strengthen brand identity, and improve operational efficiency. The valuation report was issued by Mahek Vikamsey of KPMG Valuation Services, LLP, and the fairness opinion was provided by VC Corporate Advisors Pvt. Ltd. The aggregate outstanding amount due to unsecured creditors stands at ₹212,93,19,069 as on March 31, 2026.

Meeting Schedule

Key Dates

Dollar Industries Limited reported an operating income of INR1,881 crores for the financial year ended March 31, 2026, marking a 10.0% year-on-year growth. The company disclosed this in the transcript of its earnings call held on May 25, 2026. Profit after tax for the full year reached INR107 crores, registering an 18.0% year-on-year growth with a PAT margin of 5.7%. The Board has recommended a dividend of INR3 per share, subject to shareholder approval.

Financial Performance

For the fourth quarter, operating revenue stood at INR622 crores, growing 13.2% year-on-year, driven by a volume increase of 12.0%. Q4FY26 profit after tax increased by 11.4% year-on-year to INR33 crores. Operating EBITDA for the year rose 9.3% to INR200 crores with a margin of 10.6%, while Q4 EBITDA stood at INR58 crores with a margin of 9.3%.

Operational Highlights and Strategy

The economy segment's revenue contribution rose to 47% in Q4FY26 from 45% in the prior year, while the premium Force NXT brand delivered 24.3% volume growth in the quarter. Quick commerce grew 437% year-on-year, contributing 2.5% to revenue. The company generated operating cash flows of INR139 crores and reduced its cash conversion cycle to 154 days from 160 days in FY25. Management stated that debt, currently at INR264 crores, is targeted to be reduced to zero by FY28.

Pricing and Outlook

To offset elevated cotton prices, the company implemented a calibrated price hike of 4% to 6% in Q1 FY27. Management indicated that cotton and yarn prices are stabilizing, and further hikes are not anticipated. The company commenced the pilot run for Phase 2 of Project Lakshya, focusing on deepening presence in strong markets and analyzing entry strategies for non-dominant territories.