Gini Silk Mills Limited has filed its quarterly compliance certificate with BSE Limited, confirming adherence to SEBI depositories regulations for the fourth quarter and financial year ended March 31, 2026. The submission demonstrates the company's commitment to maintaining regulatory compliance in securities handling and depository operations.

Regulatory Compliance Submission

The company submitted the compliance certificate on April 09, 2026, to BSE Limited's Department of Corporate Services. The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, covering the reporting period ending March 31, 2026.

Certificate Authority and Verification

Bigshare Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 07, 2026. The RTA confirmed that securities received from depository participants for dematerialization up to March 31, 2026, were properly processed and confirmed to the depositories.

The certificate validates several key compliance aspects:

• Securities received for dematerialization were confirmed within regulatory timelines
• All securities comprised in certificates have been listed on the stock exchange
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days of receipt

Management Authorization

Deepak Harlalka, Managing Director with DIN 00170335, digitally signed the submission on April 09, 2026, at 17:07:38 +05'30'. The digital signature confirms the authenticity and authorization of the regulatory filing by the company's senior management.

Regulatory Framework Context

The SEBI (Depositories and Participants) Regulations, 2018, under Regulation 74(5), mandates companies to ensure proper handling of securities during the dematerialization process. This quarterly compliance certificate serves as a formal confirmation that the company and its RTA have adhered to prescribed procedures for securities handling, participant verification, and timely processing of dematerialization requests during the specified reporting period.

Gini Silk Mills Limited has reported its unaudited financial results for the third quarter of fiscal year 2026, showing a decline in both revenue and profitability compared to the same period last year. The Mumbai-based textile manufacturer announced these results following a board meeting held on February 11, 2026, with the results being submitted to BSE Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3FY26 Financial Performance

The company's financial performance for Q3FY26 reflected challenging market conditions in the textile sector. Key metrics showed a downward trend across major financial parameters.

Despite the revenue decline, total income increased marginally by 1.3% to ₹983.59 lakhs, primarily due to higher other income of ₹92.46 lakhs compared to ₹36.97 lakhs in Q3FY25. However, this could not offset the impact of reduced operational revenue on overall profitability.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, showed mixed results with revenue stability but declining profitability. The company maintained relatively stable operational performance over the extended period.

The nine-month results demonstrated the company's ability to maintain revenue levels despite market challenges, with only a marginal 0.7% decline in operational revenue. Total expenses for the nine-month period stood at ₹2,936.44 lakhs compared to ₹2,937.17 lakhs in the previous year.

Cost Structure and Operational Efficiency

The company's expense management showed mixed trends across different cost categories. Total expenses for Q3FY26 decreased to ₹944.03 lakhs from ₹948.59 lakhs in Q3FY25, indicating improved cost control measures.

Employee benefits expense increased to ₹125.94 lakhs from ₹117.77 lakhs in Q3FY25, while finance costs decreased significantly to ₹7.72 lakhs from ₹11.28 lakhs, reflecting improved financial management.

Regulatory Compliance and Labour Code Implementation

The company's auditors, Vatsaraj & Co. (Firm Registration No: 111327W), highlighted the ongoing evaluation of new labour codes notified by the Government of India. These codes, effective from November 21, 2025, consolidate 29 existing labour legislations into four unified frameworks covering wages, social security, industrial relations, and occupational safety.

The company is currently assessing the financial impact of these labour codes, which are expected to be fully implemented by March 31, 2026. Management expects no material impact on current financial results, but will provide appropriate accounting treatment once all Central and State Rules are notified. The auditors have drawn attention to this matter in their limited review report without modifying their conclusion.

Share Capital and Corporate Governance

Gini Silk Mills maintained its paid-up equity share capital at ₹559.26 lakhs, with a face value of ₹10 per share. The basic and diluted earnings per share for Q3FY26 stood at ₹0.39, compared to ₹0.63 in the corresponding quarter of the previous year. The results were reviewed by the Audit Committee and approved by the Board of Directors, with Managing Director Deepak Harlalka (DIN: 00170335) signing the regulatory submission to BSE Limited. The company operates primarily in the textile segment, with all operations falling under this single business vertical.