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.

Himatsingka Seide Limited reported a decline in its consolidated financial performance for the financial year ended March 31, 2026, with net profit falling 18.4% to ₹62.24 crore compared to ₹76.28 crore in the previous year. Revenue from operations decreased 9.5% to ₹2,515.09 crore from ₹2,778.20 crore in FY25. The Board of Directors has recommended a final dividend of ₹0.25 per equity share, subject to shareholder approval. Additionally, the board approved raising up to ₹850 crore through the issuance of Senior, Secured, Redeemable Non-Convertible Debentures on a private placement basis to refinance debt obligations.

Financial Performance Overview

The audited consolidated financial results for FY26 reflect a contraction in top-line performance despite a marginal improvement in EBITDA margins. Total income for the year decreased to ₹2,727.24 crore from ₹2,843.27 crore in FY25. EBITDA stood at ₹576.67 crore, with margins expanding to 21.1% from 20.4% in the previous year. Profit before tax before exceptional items rose to ₹121.88 crore from ₹112.10 crore in the prior year.

Quarterly Results for Q4FY26

For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹617.22 crore, a decrease of 6.0% from ₹656.91 crore in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹1.73 crore, significantly lower than the ₹12.07 crore recorded in Q4FY25. EBITDA for the quarter increased to ₹154.17 crore from ₹142.86 crore, with the EBITDA margin expanding to 21.4% from 20.9% year-on-year. Other income surged to ₹104.47 crore, primarily driven by net foreign exchange gains of ₹95.69 crore due to the depreciation of the Indian Rupee against the U.S. Dollar.

Key Financial Metrics

The following table summarises the consolidated financial performance for the year and quarter ended March 31, 2026:

Operational and Business Updates

Capacity utilisation levels during Q4FY26 were impacted by tariff overhang and geopolitical tensions, particularly in the Middle East. Utilisation stood at 99% for the Spinning Division, 56% for the Sheeting Division, and 63% for the Terry Towel Division. The company expects the Middle East overhang to continue impacting shipments to certain jurisdictions during Q1 FY27. Despite external headwinds, the Indian market demonstrated consistent year-on-year growth, supported by brands such as Himeya, LIV, and Atmosphere.