Lambodhara Textiles appoints Cameo as new RTA

0 min read     Updated on 12 Aug 2026, 07:40 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Lambodhara Textiles Limited switched its Registrar and Share Transfer Agent from MUFG Intime India Private Limited to Cameo Corporate Services Limited. The bipartite agreement was signed on August 12, 2026, with regulatory confirmations secured from NSDL and CDSL. A tripartite agreement is pending.

powered bylight_fuzz_icon
48089401

*this image is generated using AI for illustrative purposes only.

Lambodhara Textiles Limited has appointed Cameo Corporate Services Limited as its new Registrar and Share Transfer Agent, replacing MUFG Intime India Private Limited. The change follows the execution of a bipartite agreement between the company and Cameo on August 12, 2026.

The company confirmed that it has received necessary confirmation letters for the RTA change from both National Securities Depository Limited and Central Depository Services (India) Limited. This disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition Details

In accordance with Regulation 7 of the Listing Regulations, a tripartite agreement involving Lambodhara Textiles, the outgoing RTA (MUFG Intime), and the incoming RTA (Cameo) is currently under process. The company stated it will intimate the completion of this agreement in due course.

Investors can now contact the new RTA using the details below:

  • Name: Cameo Corporate Services Limited
  • Address: Subramanian Building, #1 Club House Road, Chennai 600 002
  • Phone: 044 - 4002 0700
  • Email: investor@cameoindia.com
  • Online Portal: wisdom.cameoindia.com
  • SEBI Registration No: INR000003753

How might the transition to Cameo Corporate Services impact Lambodhara Textiles' operational costs and shareholder service efficiency compared to MUFG Intime?

What are the expected timelines for the completion of the tripartite agreement, and will there be any temporary disruptions to share transfer processes for investors?

Does this change in Registrar and Share Transfer Agent signal any broader strategic shifts or corporate governance reforms within Lambodhara Textiles?

like20
dislike

Lambodhara Textiles net profit rises 66% in Q1FY27 on cost cuts

3 min read     Updated on 11 Aug 2026, 07:10 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Lambodhara Textiles Limited reported a net profit of ₹357.10 lakh for Q1FY27, up 66% YoY, despite an 8.8% drop in revenue to ₹5,388.35 lakh. The profit surge was driven by a 76% fall in finance costs to ₹52.32 lakh. The Board also approved the appointment of SSMN & Associates LLP as Secretarial Auditor and recommended remuneration revision for Whole-Time Director Bosco Giulia.

powered bylight_fuzz_icon
47999895

*this image is generated using AI for illustrative purposes only.

Lambodhara Textiles Limited reported a net profit of ₹357.10 lakh for the quarter ended June 30, 2026, marking a 66% year-on-year increase from ₹215.53 lakh in Q1FY26. This bottom-line improvement occurred despite an 8.8% decline in revenue from operations, which fell to ₹5,388.35 lakh from ₹5,910.07 lakh in the corresponding period last year. The surge in profitability was primarily driven by a sharp reduction in finance costs, which dropped 76% to ₹52.32 lakh from ₹223.27 lakh, highlighting effective debt management or favorable interest conditions within its textiles, power generation, and real estate segments.

The Board of Directors approved the unaudited financial results on August 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and include a limited review report from statutory auditors Mohan & Venkataraman LLP. Additionally, the Board approved the appointment of M/s. SSMN & Associates LLP as the new Secretarial Auditor to fill the casual vacancy left by M/s. MDS & Associates LLP, who resigned effective July 31, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Financial Performance Overview

Total revenue for the quarter stood at ₹5,584.98 lakh, down from ₹6,110.43 lakh in Q1FY26. However, total expenses decreased more significantly to ₹5,064.68 lakh from ₹5,809.10 lakh, resulting in a profit before tax of ₹520.30 lakh, up 72.7% year-on-year. Employee benefit expenses rose slightly to ₹435.86 lakh from ₹392.97 lakh, while depreciation remained stable at ₹266.08 lakh.

Particulars Q1FY27 (₹ Lakh) Q1FY26 (₹ Lakh) Change
Revenue from Operations 5,388.35 5,910.07 -8.8%
Other Income 196.63 200.36 -1.9%
Total Revenue 5,584.98 6,110.43 -8.6%
Total Expenses 5,064.68 5,809.10 -12.8%
Profit Before Tax 520.30 301.33 +72.7%
Net Profit After Tax 357.10 215.53 +65.7%

Segment-Wise Analysis

The Textiles segment remains the largest contributor, generating ₹5,142.57 lakh in revenue, though this is down from ₹5,631.90 lakh in Q1FY26. The Power Generation segment saw revenue rise to ₹391.92 lakh from ₹303.33 lakh in the previous quarter (Q4FY26), but down from ₹430.12 lakh in Q1FY26. Real Estate revenue remained relatively flat at ₹50.49 lakh. Notably, the Power Generation segment’s result before finance cost and tax improved to ₹231.31 lakh from ₹138.23 lakh in the previous quarter.

Key Corporate Developments

In addition to financial results, the Board addressed several governance matters:

  • Secretarial Auditor Appointment: M/s. SSMN & Associates LLP has been appointed as the new Secretarial Auditor to fill the casual vacancy left by M/s. MDS & Associates LLP, who resigned effective July 31, 2026. This appointment is subject to shareholder approval at the upcoming AGM.
  • Remuneration Revision: The Board recommended a revision in the remuneration of Bosco Giulia, Whole-Time Director, whose re-appointment for three years was previously approved on May 30, 2026. All other terms remain unchanged.
  • Material Related Party Transactions: The Board approved proposals for entering into material related party transactions, pending shareholder consent.

What the Numbers Show

The divergence between declining revenue and surging net profit indicates a strong focus on cost optimization rather than top-line growth in Q1FY27. The nearly 77% drop in finance costs suggests either debt reduction or favorable interest rate environments, which directly amplified profitability. While operational revenue faced headwinds, the ability to control expenses and leverage lower financing costs allowed Lambodhara Textiles to deliver a robust bottom-line performance. The company’s 32nd Annual General Meeting is scheduled for September 29, 2026, with the register of members closing from September 23 to September 29, 2026, to determine dividend eligibility.

Will the significant reduction in finance costs be sustainable in Q2FY27, or was it driven by one-time debt restructuring events?

How does management plan to reverse the 8.8% decline in operational revenue amidst current headwinds in the textiles sector?

What is the strategic rationale behind the remuneration revision for Whole-Time Director Bosco Giulia, and how will it impact executive incentives?

like16
dislike