HP Cotton Textile Mills has filed its annual report for the financial year ended March 31, 2026, with the Bombay Stock Exchange. The company also dispatched letters to shareholders regarding the 45th Annual General Meeting (AGM) scheduled for September 18, 2026.

Financial Performance

The company reported a modest improvement in its financial results for FY26 compared to the previous fiscal year. Gross revenue increased by approximately 4% to ₹13,412.50 lacs from ₹12,948.94 lacs in FY25. Profit After Tax (PAT) rose by 13% to ₹292.20 lacs, up from ₹257.87 lacs in the prior year.

What the Numbers Show

While revenue growth remained moderate at under 4%, the bottom line expanded more significantly. PAT grew by 13.3%, outpacing the 2.9% increase in Profit Before Interest and Tax (PBIT). This divergence indicates improved cost efficiency or margin expansion during the period. The company continued to retain earnings, declaring no dividend for FY26, consistent with its strategy over the last three years.

Governance and Board Changes

Shareholders will vote on the re-appointment of Mr. Vikram Sumatilal Sheth as an Independent Director for a five-year term starting April 30, 2027. Additionally, Mr. Raghavkumar Agarwal, Executive Director, CEO, and CFO, retires by rotation and seeks re-appointment.

The board also seeks approval for a revised remuneration package for Mr. Agarwal, effective from December 1, 2026. The proposed package includes:

• Basic Salary: Up to ₹75.30 lacs per annum
• Statutory Annual Bonus/Ex Gratia: Up to 5% of basic salary
• Allowances/Perquisites: Up to ₹45 lacs per annum
• Performance Pay/Commission: Determined by the Board

Meeting Logistics and Shareholder Communication

The AGM will be conducted via Video Conference or Other Audio-Visual Means (VC/OAVM). Remote e-voting will be available from September 15, 2026, at 9:00 am to September 17, 2026, at 5:00 pm. Shareholders holding shares as on September 11, 2026, are eligible to vote. CDSL has been appointed as the e-voting agency.

In compliance with Regulation 36(1)(b) of the SEBI (LODR), 2015, the company has dispatched letters to shareholders whose email IDs are not registered. These letters provide weblinks to access the Annual Report for FY 2025-26 and the Notice of the 45th AGM on the company’s website. Members are requested to register or update their email addresses with their Depository Participants or the Registrar & Share Transfer Agent to receive electronic communications in the future.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE950C01014/f29fb4ac-7d9f-4e99-845e-f3479219e173.pdf

HP Cotton Textile Mills announced the schedule for its 45th Annual General Meeting (AGM), confirming it will take place on September 18, 2024. The company stated that the meeting will be conducted through video conferencing or other audio-visual means in compliance with the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The AGM notice and annual report for the financial year ended March 31, 2024, will be dispatched only in electronic mode to shareholders who have registered their email addresses with the company or depository participants. For shareholders without registered emails, the documents will be available on the company’s website, the Bombay Stock Exchange website, and the Central Depository Services Limited (CDSL) e-voting portal.

Voting Schedule

The company is facilitating remote e-voting for all business items transacted at the AGM. The voting window opens on September 15, 2024, at 9:00 am and closes on September 17, 2024, at 5:00 pm. Only shareholders on record as of September 11, 2024, are eligible to cast their votes electronically during this period. Shareholders who do not vote remotely may exercise their voting rights during the AGM via e-voting.

Shareholders holding shares in physical mode must register their email addresses with the company’s Registrar and Transfer Agent, Alankit Assignments Limited. Demat account holders must register their email addresses with their respective depository participants to access the AGM materials and voting credentials.