Le Merite Exports reported a consolidated net profit of ₹1,156.25 lakh for the financial year ended March 31, 2026, an increase from ₹622.73 lakh in the previous year. Revenue from operations for the year stood at ₹35,747.09 lakh. The statutory auditors, Nagori Nuwal & Co., issued an unmodified opinion on the standalone and consolidated financial results, which were approved by the Board of Directors on May 28, 2026.

Financial Performance

The company’s total income for FY26 was ₹36,756.12 lakh, up from ₹52,573.29 lakh in the prior year. Total expenditure for the period was ₹35,262.46 lakh. For the quarter ended March 31, 2026, the company reported a profit after tax of ₹86.45 lakh on a total income of ₹7,841.23 lakh.

On a standalone basis, net profit for FY26 was ₹1,100.79 lakh, compared to ₹466.29 lakh in FY25. Revenue from operations for the standalone entity was ₹35,591.60 lakh for the year.

Key Metrics

Corporate Developments

The Board of Directors approved the audited financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. During the quarter, the company acquired the remaining 49% stake in Le Merite Laxmi Spinning Private Limited, making it a wholly owned subsidiary. The transaction was accounted for as an equity transaction in accordance with Ind AS 110.

The company also noted that subsequent to the balance sheet date, there was a decline in the market value of investments amounting to approximately ₹12.50 crore. As the decline pertains to market movements after the reporting date, no adjustment was made in the financial results.

Le Merite Exports Limited has formally notified the National Stock Exchange of India Limited regarding the completion of its Postal Ballot process and the record date for the sub-division of its equity shares. In a regulatory filing dated May 13, 2026, the company communicated that Friday, May 29, 2026, has been fixed as the record date for determining the eligibility of members for the share split, in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both resolutions proposed under the Postal Ballot — the sub-division of equity shares and the alteration of the Capital Clause of the Memorandum of Association — were passed with requisite majority, with 100% of valid votes cast in favour.

Share Split Details

The sub-division involves the conversion of existing equity shares into a higher number of shares with a reduced face value. The key parameters of the split are outlined below:

Postal Ballot Process and Voting Period

The Postal Ballot Notice was dated April 08, 2026, and the dispatch of notices to equity shareholders whose email IDs were available was completed on April 10, 2026. A public notice was published on April 11, 2026 in the Financial Express (English) and Mumbai Lakshdeep (Marathi). The e-voting window remained open from Monday, April 13, 2026 at 9:00 a.m. (IST) to Tuesday, May 12, 2026 at 5:00 p.m. (IST). Members as on the cut-off date of Friday, April 03, 2026 were entitled to vote. The e-voting facility was provided by Bigshare Services Private Limited, and the scrutinizer was Sunnykumar Narwani, Designated Partner of M/s. VTSN & Associates LLP, Practicing Company Secretaries, Ahmedabad, who assumed office as scrutinizer with effect from April 13, 2026.

Voting Results — Resolution 1: Sub-Division / Stock Split

The resolution for sub-division/stock split of equity shares was voted upon by 12 equity shareholders. The following table summarises the voting outcome:

A total of 1,49,41,444 votes were cast in favour through e-voting, representing 100% of valid votes polled. No votes were cast against, and there were no abstained or invalid votes.

Voting Results — Resolution 2: Alteration of Capital Clause of MoA

The resolution for alteration of the Capital Clause of the Memorandum of Association recorded an identical voting outcome. The table below presents the consolidated results:

As with Resolution 1, all 1,49,41,444 votes polled were cast in favour, with zero votes against and no abstentions or invalid votes. Both resolutions are deemed to have been passed on May 12, 2026, being the last date of the voting period.

Approval and Regulatory Background

The Board of Directors of Le Merite Exports had initially approved the sub-division at its meeting on April 8, 2026. The total number of shareholders on the record date stood at 1,707. The voting results of the Postal Ballot along with the Scrutinizer's Report are available on the company's website at www.lemeriteexports.com and on the website of Bigshare Services Pvt Ltd. The filing was submitted by Arpit Sharma, Company Secretary and Compliance Officer of Le Merite Exports Limited, on May 13, 2026. The Scrutinizer's Report was signed by CS Sunnykumar Narwani (M. No. A38196, COP No. 27211) on May 13, 2026 from Ahmedabad, and countersigned by Arpit Sharma (M. No. A71673) on the same date.