Lambodhara Textiles appeal dismissed under KGST Act

lambodhara textiles received an order from the Joint Commissioner of Commercial Taxes (Appeals), Dharwad Division, dismissing its appeal against a Goods and Services Tax (GST) demand. The appellate order, dated July 2, 2026, was issued under Section 107(11) of the Karnataka Goods and Services Tax Act, 2017.

The dispute originated from an order by the Commercial Tax Officer (Enforcement-4), Navanagar, Hubballi, directing the company to pay an aggregate demand of Rs. 7,23,902. This amount included a penalty of Rs. 3,61,951 under the Central Goods and Services Tax (CGST) Act and Rs. 3,61,951 under the State Goods and Services Tax (SGST) Act. The company had initially intimated the exchange regarding this demand on March 16, 2024.

Following the receipt of the initial order, Lambodhara Textiles Limited paid the applicable amount and filed an appeal before the Joint Commissioner of Commercial Taxes (Appeals) under Appeal No. APL/GST-481/2024-25. The appellate authority has now dismissed this appeal.

Financial Impact

The company disclosed that the order does not have any material impact on its financials, operations, or other activities. The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Breakdown of Demand

Component	Amount (Rs.)
CGST Penalty	3,61,951
SGST Penalty	3,61,951
Total Demand	7,23,902

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.32%	-4.45%	+4.15%	-5.37%	-19.96%	+4.69%

Lambodhara Textiles Limited reported a 61.3% increase in profit after tax (PAT) to ₹1,100.48 lakh for the financial year ended March 31, 2026, compared to ₹682.49 lakh in the previous year. Revenue from operations for the year grew 2.7% to ₹23,795.62 lakh. The Board has recommended a dividend of Re.0.50 per equity share for FY26, subject to shareholder approval.

For the quarter ended March 31, 2026, the company posted a PAT of ₹312.92 lakh, a significant rise from ₹21.51 lakh in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹5,723.14 lakh. The statutory auditors, M/s Mohan & Venkataraman LLP, issued an unmodified opinion on the audited financial results.

Financial Performance

The company's total revenue for FY26 was ₹24,320.04 lakh, up from ₹23,503.94 lakh in FY25. Total expenses increased to ₹23,140.32 lakh from ₹22,339.52 lakh in the previous year. Basic earnings per share (EPS) for FY26 improved to ₹10.60 from ₹6.58 in the prior year.

Key Financial Metrics (₹ in Lakhs)

Metric	Year Ended 31.03.2026	Year Ended 31.03.2025
Revenue from Operations	23,795.62	23,166.61
Total Revenue	24,320.04	23,503.94
Total Expenses	23,140.32	22,339.52
Profit Before Tax	1,179.72	1,164.42
Profit After Tax	1,100.48	682.49
Basic EPS	10.60	6.58

Segment Performance

The Textiles segment remained the primary revenue driver, contributing ₹22,552.35 lakh for the year. The Power Generation segment reported revenue of ₹1,571.94 lakh, while the Real Estate segment contributed ₹195.75 lakh. The Textiles segment reported a profit before finance cost and tax of ₹1,139.08 lakh, while the Power Generation segment reported ₹873.22 lakh.

Board Approvals

The Board approved the re-appointment of M/s. C.S.Hanumantha Rao & Co. as Cost Auditors and Mrs. K.V. Anandhi as Internal Auditor for FY27. Additionally, the Board approved the re-appointment of three Whole-Time Directors—Mr. Narayanasamy Balu, Mrs. Bosco Giulia, and Mr. Nishanth Balu—for a further period of three years effective from July, September, and December 2026, respectively. The Board also appointed Cameo Corporate Services Limited as the new Registrar and Share Transfer Agent, replacing MUFG Intime India Private Limited.