Himatsingka Seide has released the transcript of its earnings call for analysts and investors held on Friday, May 29, 2026. The company reported a consolidated total income of ₹721 crores for Q4FY26, a 5.8% increase compared to ₹681 crores in the same period last year. The disclosure was made under Part A of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the call, Mr. Shrikant Himatsingka, Executive Vice Chairman and Managing Director, noted that fiscal 2026 faced volatility due to U.S. tariff policies and geopolitical uncertainties, including the impact of the Middle East conflict on supply chains and outbound shipments. The company expects these overhangs to continue affecting shipments to certain jurisdictions in Q1 FY27. Capacity utilization levels for the quarter stood at 99% for spinning, 56% for sheeting, and 63% for the Terry Towel division.

Strategic Diversification and Financials

Management outlined a strategic transition to diversify its revenue mix beyond home textiles into yarn, fabric, and apparel solutions. These initiatives, leveraging existing infrastructure, are expected to materialize starting H2 FY27. The company aims to reduce concentration risk and address larger market pools. Mr. Himatsingka stated that home textiles would eventually constitute approximately half of the portfolio, with the new verticals comprising the balance, while maintaining an EBITDA margin profile of 18% to 22%.

Key Financial and Operational Metrics

The Board approved raising up to ₹850 crores through the issuance of senior secured redeemable non-convertible debentures on a private placement basis to balance debt tenors. The company targets reducing its net debt from approximately ₹2,550 crores to ₹2,000 crores within the next 12 months. The dividend for FY26 remains ₹0.25 per equity share with a trade-off value of ₹5 per equity share.

Himatsingka Seide Limited shareholders have approved the remuneration for its top executives and adopted the Amended and Restated Articles of Association following a remote e-voting process. The postal ballot, conducted pursuant to Regulations 30 and 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, concluded on May 29, 2026, with the requisite majority required for the special resolutions.

The resolutions sought approval for the remuneration payable to Mr. Dinesh Kumar Himatsingka, Executive Chairman, and Mr. Shrikant Himatsingka, Executive Vice Chairman & Managing Director. Both approvals cover the remaining tenure of two years ending May 31, 2028. The third resolution involved the adoption of the Amended and Restated Articles of Association of the Company.

The remote e-voting process commenced on April 30, 2026, at 9:00 a.m. IST and concluded on May 29, 2026, at 5:00 p.m. IST. CS Vinod Sunder Raman was appointed as the Scrutinizer to oversee the e-voting process. The report indicates that a total of 60,502,874 votes were polled, representing 48.1166% of the outstanding shares.

Voting Results Summary

The following table details the voting outcomes for the three special resolutions put to vote:

Shareholder Participation

The voting participation was segmented across Promoter and Promoter Group, Public-Institutions, and Public-Non Institutions. The Promoter and Promoter Group cast 46,834,592 votes via e-voting, all in favour of the resolutions. Public-Institutions polled 12,916,863 votes, while Public-Non Institutions accounted for 751,419 votes. The Scrutinizer's report confirms that all three resolutions were passed with the requisite majority.

The Amended and Restated Articles of Association are available on the Company's website. KFin Technologies Limited acted as the service provider for the remote e-voting facility.