Parmeshwari Silk Mills has scheduled its 33rd Annual General Meeting for September 19, 2026, at its registered office in Ludhiana. The meeting will address the adoption of financial statements and a change in director designation.

The Board of Directors approved the notice on August 27, 2026. Shareholders will vote on changing Mr. Jatinder Pal Singh’s designation from Whole-time Director to Managing Director, effective August 27, 2026, until August 31, 2029. Ms. Harinder Kaur retires by rotation and offers herself for re-appointment.

Financial Performance

Parmeshwari Silk Mills reported a 14.1% year-on-year increase in standalone net profit to ₹8.61 crore for FY26, driven by higher revenue and operational efficiencies.

Revenue from operations grew by 5.4% to ₹240.65 crore, up from ₹228.26 crore in FY25. Consolidated net profit rose more sharply to ₹9.97 crore from ₹8.65 crore, supported by contributions from its subsidiary, Harappa Textile Mills Private Limited.

Total income on a standalone basis reached ₹240.99 crore, compared to ₹228.66 crore in FY25. Profit before tax (PBT) increased to ₹11.60 crore from ₹10.20 crore. Earnings per share (EPS) stood at ₹28.71 for the current year against ₹25.19 in the prior period.

On a consolidated basis, revenue from operations climbed to ₹249.01 crore. The consolidated PBT was ₹13.22 crore, reflecting improved margins across the group structure.

What the Numbers Show

While revenue growth remained modest at 5.4%, the double-digit jump in net profit indicates effective cost management. Employee benefit expenses remained nearly flat at ₹33.51 crore against ₹33.41 crore in FY25, despite the revenue increase. Additionally, finance costs decreased slightly to ₹81.18 crore from ₹87.17 crore, contributing positively to the bottom line expansion.

Corporate Governance & AGM Details

The Board of Directors did not recommend any dividend for FY26, opting to conserve resources. The company will hold its 33rd Annual General Meeting on September 19, 2026, to adopt the financial statements and ratify the remuneration of cost auditors M/s Pawan & Associates.

Shareholders will vote on a special resolution to change the designation of Mr. Jatinder Pal Singh from Whole-time Director to Managing Director. Ms. Harinder Kaur retires by rotation and offers herself for re-appointment.

The board fixed the cut-off date for e-voting services as September 12, 2026. The e-voting period runs from September 16, 2026, at 9:00 am to September 18, 2026, at 5:00 pm. M/s P S Bathla & Associates has been appointed as the scrutinizer for the e-voting process.

Parmeshwari Silk Mills Limited reported a net profit of ₹861.66 lakh for the financial year ended March 31, 2026, an increase from ₹756.05 lakh in the previous year. Revenue from operations for the year stood at ₹24064.98 lakh, compared to ₹22825.81 lakh in FY25. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.

The statutory auditor, M/s. Montek S & Associates, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. However, the auditor drew attention to specific matters in an emphasis of matter paragraph. The closing inventory as of March 31, 2026, was based on a stock statement certified by management, and no physical verification of inventory was conducted during the year. Additionally, the company did not obtain balance confirmations from certain trade receivables and trade payables as of the reporting date. The company also did not provide for interest on delayed payments made to MSMEs.

For the quarter ended March 31, 2026, the company reported a net profit of ₹217.70 lakh, down from ₹266.96 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter was ₹6086.34 lakh. Total income for the quarter was ₹6105.86 lakh, while total expenses amounted to ₹5861.66 lakh.

Financial Performance

The table below summarizes the standalone financial results for the year ended March 31, 2026:

On a consolidated basis, the company reported a net profit of ₹996.67 lakh for FY26, compared to ₹864.54 lakh in the previous year. Consolidated revenue from operations increased to ₹24901.27 lakh from ₹23336.22 lakh in FY25. The consolidated results include the financials of subsidiary Harappa Textile Mills Private Limited.

The company confirmed that it is not a Large Corporate (LC) as per the criteria specified in the SEBI circular dated October 19, 2023, regarding outstanding qualified borrowings. Outstanding qualified borrowings at the end of the financial year were ₹39.56 crore, down from ₹40.20 crore at the start of the year.