Meyer Apparel FY26 loss narrows to ₹78.80 lakh

Meyer Apparel Limited reported a net loss of ₹78.80 lakh for the financial year ended March 31, 2026, a reduction from the loss of ₹106.78 lakh in the previous year. Revenue from operations stood at ₹8.70 lakh, significantly lower than the ₹120.25 lakh recorded in the previous year. The company's net worth has been eroded by accumulated losses, and current liabilities exceed current assets, raising material uncertainty about the company's ability to continue as a going concern.

The company will hold its 33rd Annual General Meeting (AGM) on Thursday, July 9, 2026, at 12:30 PM IST through video conferencing. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company has fixed Friday, July 3, 2026, as the cut-off date to determine the members eligible to vote on the resolutions set out in the Notice of the AGM.

Agenda for the Meeting

The AGM will transact the following businesses:

Ordinary Business:

Adoption of audited financial statements for the year ended March 31, 2026.
Re-appointment of Mr. Pawan Kakra as Non-Executive Director, liable to retire by rotation.

Special Business:

Re-appointment of Mr. Gajender Kumar Sharma as Whole-Time Director and Chief Financial Officer.
Approval for increasing the borrowing limits of the company up to an aggregate amount of ₹2.75 crore.
Approval for availing inter-corporate loans or loans from promoters and directors up to ₹2.75 crore.
Approval of related party transactions up to ₹2.75 crore per financial year.

Financial Performance

Particulars	2025-2026 (₹ in Lakh)	2024-2025 (₹ in Lakh)
Revenue from operations	8.70	120.25
Profit/(Loss) after tax	(78.80)	(106.88)

The Register of Members and Share Transfer Books will remain closed from July 4, 2026, to July 9, 2026, for the purpose of determining the eligibility of members to attend and vote at the AGM. Shareholders whose names appear in the Register of Members or Beneficial Owners as on the record date are eligible to participate. Remote e-voting facilities will be available from Sunday, July 5, 2026, at 9:00 A.M. to Wednesday, July 8, 2026, at 5:00 P.M. The remote e-voting module will be disabled thereafter, except for voting during the AGM via the NSDL e-voting system.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+4.29%	+35.00%	+19.12%	-5.08%	+102.50%

Meyer Apparel Limited has completed a significant inter-se transfer of equity shares between its promoter entities, with comprehensive regulatory disclosures submitted to BSE Limited. The transaction involves the acquisition of 88,89,000 equity shares by promoter Gurmukh Singh Thakral from TIL Investments Private Limited, a member of the promoter group.

Transaction Overview

The off-market inter-se transfer was executed on January 29, 2026, with formal regulatory disclosures submitted on January 30, 2026. The transaction was conducted at Rs. 2.21 per equity share, representing a total value of Rs. 1,96,44,690.

Transaction Parameter:	Details
Acquirer:	Gurmukh Singh Thakral (Promoter)
Seller:	TIL Investments Private Limited (Promoter Group)
Shares Transferred:	88,89,000 equity shares
Voting Rights:	11.04%
Transaction Date:	January 29, 2026
Price Per Share:	Rs. 2.21
Total Value:	Rs. 1,96,44,690
Mode:	Off-market Inter-se Transfer

Shareholding Pattern Changes

The transaction resulted in a significant redistribution of shares within the promoter group. Gurmukh Singh Thakral's individual shareholding increased substantially from 1.80% to 12.84%, while TIL Investments Private Limited completely divested its stake.

Shareholder:	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
Gurmukh Singh Thakral:	14,50,000	1.80%	1,03,39,000	12.84%
TIL Investments Pvt. Ltd.:	88,89,000	11.04%	0	0.00%
Total Promoter Group:	5,98,22,100	74.32%	5,98,22,100	74.32%

Regulatory Compliance and Documentation

Meyer Apparel Limited submitted comprehensive disclosures pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company's compliance officer, Anjali Tiwari, formally communicated the transaction details to BSE Limited through proper regulatory channels.

Regulatory Aspect:	Details
Primary Regulation:	SEBI PIT Regulations 7(2)
SAST Exemption:	Regulation 10(1)(a)(ii)
Stock Exchange:	BSE Limited
BSE Scrip Code:	531613
ISIN:	INE100C01024
Disclosure Date:	January 30, 2026

Stakeholder Information

Both parties submitted individual Form C disclosures as required under SEBI regulations. Gurmukh Singh Thakral, based in Singapore, acquired the shares as a promoter entity, while TIL Investments Private Limited, incorporated in Delhi with CIN U67100DL1986PTC357768, completed the divestment through its director Kanwaljeet Singh Bawa.

Entity Details:	Acquirer	Seller
Name:	Gurmukh Singh Thakral	TIL Investments Private Limited
PAN:	AFCTP9904K	AABCT4024F
Location:	Singapore	Delhi, India
Authorized Signatory:	Self	Kanwaljeet Singh Bawa (Director)
DIN:	-	00234162

The transaction represents an internal restructuring within the promoter group without affecting the overall control structure or total promoter holding of 74.32% in Meyer Apparel Limited. The company's equity share capital of 8,04,97,800 equity shares of INR 3 each remained unchanged following this inter-se transfer.