Nandan Denim Limited reported a net profit of ₹3,312.84 lakh for the financial year ended March 31, 2026, a decrease from ₹3,344.85 lakh in the previous year. Revenue from operations fell to ₹2,87,187.38 lakh from ₹3,54,667.56 lakh in FY25, reflecting a contraction in the top line. The company's total income for the year stood at ₹2,88,607.32 lakh. The Board of Directors approved the audited standalone financial results on May 28, 2026.

The statutory auditor expressed an unmodified opinion on the annual standalone financial results, confirming compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement was prepared in accordance with Indian Accounting Standards (Ind AS). For the quarter ended March 31, 2026, the company posted a net profit of ₹950.95 lakh on a total income of ₹54,936.57 lakh.

Financial Performance

The company's profitability was impacted by higher costs during the year. Total expenses for FY26 amounted to ₹2,84,381.75 lakh, a reduction from ₹3,50,845.03 lakh in the prior year, driven largely by lower material costs which fell to ₹2,48,605.16 lakh from ₹3,11,824.47 lakh. Finance costs also decreased significantly to ₹1,766.14 lakh from ₹3,674.20 lakh in FY25. However, employee benefit expenses rose marginally to ₹8,795.13 lakh from ₹8,780.73 lakh.

Balance Sheet and Cash Flows

Nandan Denim's balance sheet size contracted, with total assets decreasing to ₹1,03,161.45 lakh as of March 31, 2026, from ₹1,27,449.18 lakh a year earlier. This reduction was primarily due to a decrease in current assets, which fell to ₹60,254.02 lakh from ₹79,813.07 lakh. Trade receivables reduced substantially to ₹37,664.84 lakh from ₹51,052.81 lakh. The company also lowered its debt burden, with current borrowings decreasing to ₹6,743.71 lakh from ₹18,529.55 lakh.

Cash flow from operating activities improved to ₹14,445.26 lakh in FY26 from ₹9,506.94 lakh in the previous year. This increase was supported by a significant decrease in trade receivables and inventories. However, the company utilized cash in financing activities, primarily due to the repayment of borrowings amounting to ₹12,825.69 lakh, including pre-payments. Consequently, net cash and cash equivalents increased marginally to ₹354.40 lakh from ₹251.30 lakh at the end of FY25.

Board Approvals and Appointments

In addition to the financial results, the Board approved the re-appointment of auditors for the upcoming financial year. M/s. Talati & Talati LLP was re-appointed as the Internal Auditor for FY 2026-27, while M/s. A.G. Tulsian & Co. was re-appointed as the Cost Auditor for the same period. The company also noted that the impact of the new Labour Codes, effective from November 21, 2025, had been recognized in the financials without any material impact.

Nandan Denim Limited has announced that its board of directors will meet on Thursday, May 28, 2026. The primary agenda for the meeting is to consider and approve the audited financial results of the company for the quarter and fiscal year ended March 31, 2026.

The meeting is being convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will review the company's performance for the specified period during this session.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Insider Code of Conduct, the trading window for dealing in the securities of nandan denim is currently closed. The window shut on April 1, 2026, and will remain closed until 48 hours after the declaration of the audited financial results to the stock exchanges.

Meeting Details

The following table summarizes the key details regarding the upcoming board meeting:

The intimation regarding this board meeting has been uploaded on the company's official website. The communication has been addressed to both BSE Limited and the National Stock Exchange of India Limited for their records.