Orbit Exports Limited passed all five resolutions at its 43rd Annual General Meeting held on September 29, 2026, via video conferencing, with requisite majority approval confirmed by the scrutinizer's report.

Meeting overview

The AGM was conducted through video conferencing and other audio visual means, commencing at 5:00 pm and concluding at 5:31 pm on September 29, 2026. The record date for voting eligibility was September 22, 2026, on which date the total number of shareholders on record stood at 8,292. Remote e-voting was open from September 24, 2026 at 9:00 am through September 28, 2026 at 5:00 pm, facilitated through the NSDL e-voting platform. A total of 35 shareholders attended the meeting through video conferencing, comprising 3 from the promoter and promoter group and 32 from the public category.

Resolutions passed

All five resolutions — four ordinary and one special — were approved by members with the requisite majority. The table below summarises the outcome of each resolution.

Voting details by resolution

The following table presents the consolidated voting data across all five resolutions, covering total votes polled, votes in favour, and votes against.

For Resolutions 1, 2, 3, and 5, the promoter and promoter group polled 4,044,447 votes out of 17,511,659 shares held, representing 23.0957% of their outstanding shares, all cast in favour. The public non-institutions category polled 4,766,749 votes out of 8,147,671 shares held, representing 58.5044% of their outstanding shares for these resolutions.

Resolution 4, concerning material related party transactions with Rainbow Line Trading L.L.C operating in Dubai, was restricted to public non-institution shareholders only, as the promoter and promoter group were identified as interested parties. A total of 159,571 votes were polled for this resolution, with 159,401 votes in favour and 170 against.

Scrutinizer's report

Vyoma Desai, Designated Partner of M/s. Abbas Lakdawalla and Associates LLP, Practising Company Secretaries, was appointed as scrutinizer by the Board of Directors at its meeting held on August 8, 2026. The consolidated scrutinizer's report was issued on September 29, 2026, confirming that all resolutions were duly passed with the requisite majority. No invalid votes were recorded for Resolutions 1, 2, 3, and 5. The submission was made to the stock exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Orbit Exports reported a consolidated net profit of ₹246.27 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 64% increase from ₹150.09 lakh in the corresponding period of the previous year. The robust performance was primarily driven by a 15% year-on-year rise in revenue from operations to ₹757.23 lakh, supported by strong demand in its core Textile Business segment. This top-line growth, combined with operational efficiencies, led to an expansion in EBITDA margin to 33.04% from 28.75% in Q1FY26, signaling improved profitability dynamics for the company.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 08, 2026, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors M/s. Nayan Parikh & Co issued a limited review report on the financial statements. Additionally, the Board recommended the re-appointment of Mrs. Anisha Seth as Director, who retires by rotation, and re-appointed M/s. Balwinder & Associates as Cost Auditors for the financial year 2026-27.

Financial Performance Highlights

Consolidated total income stood at ₹879.15 lakh, with the Textile Business segment contributing ₹781.91 lakh in segment revenue. The Investments segment recorded a segment result of ₹96.45 lakh. Standalone other income was a significant contributor to profitability, amounting to ₹108.19 lakh for the quarter. Standalone net profit surged to ₹250.61 lakh, up from ₹142.53 lakh in Q1FY26.

Dividend and Corporate Actions

The Board declared a first interim dividend of 5%, i.e., ₹0.50 per equity share of face value ₹10 each for the financial year 2026-27. August 31, 2026, is fixed as the record date for determining shareholder entitlements. The dividend will be paid in accordance with the Companies Act, 2013.

Subsequent to the quarter ended June 30, 2026, the Company completed a share buyback. Approved on July 07, 2026, the buyback allowed for the purchase of up to 11,04,000 shares at ₹250 each. The tendering period closed on July 27, 2026, with payments made on August 03, 2026, to shareholders whose bids were accepted for 8,90,822 equity shares.

AGM Details

The 43rd Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 17:00 Hours (IST) via Video Conferencing or Other Audio-Visual Means. The cut-off date for determining voting eligibility is Tuesday, September 22, 2026. Remote e-voting will be available from Thursday, September 24, 2026, at 09:00 a.m. to Monday, September 28, 2026, at 05:00 p.m., facilitated by National Securities Depositories Limited. CS Vyoma Desai of Abbas Lakdawalla & Associates LLP has been appointed as the Scrutinizer.