Game Changers Texfab Limited has announced the approval of its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The Board of Directors convened on May 6, 2026, to deliberate on the financial performance, which included a review of the company's operations post its Initial Public Offer (IPO) listing in November 2025.

Financial Performance Overview

For the year ended March 31, 2026, the company reported a total income of ₹13,930.20 lakhs, a significant increase from ₹11,558.79 lakhs in the previous year. The profit after tax for the year stood at ₹1,823.58 lakhs, compared to ₹1,206.51 lakhs in the prior year, reflecting robust growth in operational efficiency.

Operational Highlights

The company completed its IPO aggregating to ₹5,483.52 lakhs during the year, with shares listed on the SME platform of BSE Limited effective November 4, 2025. Consequently, the financial results were prepared in compliance with SEBI (LODR) Regulations, 2015. The Board also approved the auditors' report, which carried an unmodified opinion on the annual standalone and consolidated financial results.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹10,995.33 lakhs, a substantial rise from ₹5,131.51 lakhs in the previous year. This growth was primarily driven by an increase in current assets, including trade receivables and cash equivalents. Total equity increased to ₹8,780.04 lakhs, bolstered by the share issue premium proceeds from the IPO.

Regulatory Compliance and Leadership

The meeting, which commenced at 04:00 PM and concluded at 05:10 PM, was chaired by Sanjeev Goel, Managing Director. The company confirmed that it does not fall under the category of "Large Corporates" as per SEBI Operational Circulars and is therefore exempt from specific disclosures regarding debt securities. The trading window closure for designated persons will remain in effect until 48 hours after the announcement of the results.

Game Changers Texfab Limited has filed its quarterly monitoring agency report with BSE Limited for the quarter ended December 31, 2025, providing detailed insights into the utilization of funds raised through its initial public offering. The report, mandated under SEBI regulations, demonstrates the company's systematic deployment of IPO proceeds across strategic business objectives.

IPO Proceeds and Deployment Overview

The textile company raised ₹54.83 crores through a fresh issue of 5376000 equity shares at ₹102 per share during October 2025. The monitoring report, prepared by Brickwork Ratings India Private Limited, covers the first quarter of fund utilization following the successful public offering.

Object-wise Fund Utilization Analysis

The company has deployed funds across four primary objectives as outlined in its offer document. The detailed utilization pattern shows strategic allocation towards business expansion and operational requirements.

The working capital segment received the highest allocation during the quarter, with ₹24.13 crores deployed to support ongoing operational requirements. Issue expenses exceeded the allocated amount by ₹2.72 crores, indicating higher than anticipated listing and regulatory costs.

Compliance and Monitoring Framework

The monitoring agency report confirms full compliance with SEBI regulations and offer document disclosures. Key compliance highlights include:

• No deviations observed from disclosed objects
• All government and statutory approvals obtained
• No material changes in financing means
• Utilization aligned with offer document commitments

Brickwork Ratings India Private Limited, appointed as the monitoring agency, has verified all fund deployments through bank statements, CA certificates, and company documentation. The agency confirms that all utilization follows the prescribed regulatory framework.

Unutilized Funds Management

The company has deployed ₹15.82 crores of unutilized proceeds in fixed deposits and bank accounts to ensure capital preservation while maintaining liquidity. The deployment strategy includes multiple fixed deposits of ₹3.00 crores each with 6.40% returns and maturity dates in November 2026.

Implementation Timeline and Progress

The report indicates no delays in implementation of stated objectives, with all activities progressing according to the financial year 2025-26 timeline outlined in the offer document. The company continues to execute its capital expenditure and working capital enhancement plans as scheduled.

The Board of Directors has taken the monitoring agency report on record during their meeting held on February 23, 2026, confirming oversight and governance of fund utilization processes.