Pasupati Spinning & Weaving Mills Ltd has announced the schedule for its 46th Annual General Meeting (AGM), set for Wednesday, September 30, 2026. The meeting will commence at 11:00 am at the company’s registered office in Village Kapriwas, Dharuhera, Rewari, Haryana.

The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, both days inclusive. This closure determines the list of shareholders eligible to attend and vote at the AGM. The cut-off date for determining voting eligibility is September 23, 2026.

Corporate Action Details

The intimation was issued by Ramesh Kumar Jain, Managing Director of Pasupati Spinning & Weaving Mills Ltd, on August 12, 2026. The notice was submitted to the BSE Limited Corporate Relationship Department.

Remote E-Voting Facility

In compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013, shareholders are provided with the facility to attend the AGM through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Shareholders holding shares as on the cut-off date of September 23, 2026, may cast their votes electronically via remote e-voting. The authorized agency for this process is National Securities Depositories Limited (NSDL). The e-voting window opens at 9:00 am on September 27, 2026, and closes at 5:00 pm on September 29, 2026.

The registered office of the company is located at Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi.

Pasupati Spinning & Weaving Mills Ltd reported a significant turnaround in profitability for the first quarter of FY27, with net profit surging to ₹1.57 crore from a mere ₹0.01 crore in the corresponding period of FY26. The company’s revenue from operations expanded by 25% year-on-year to ₹26.00 crore, reflecting robust performance across its core business verticals.

The board of directors approved the standalone unaudited financial results on August 12, 2026. The results were reviewed by B.K. Shroff & Co., Chartered Accountants, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial outcomes, the board addressed several key corporate governance matters, including the appointment of new independent directors and the continuation of existing board members past their age limits.

Financial Performance

The company’s top-line growth was supported by increased activity in its textile and logistics divisions. Revenue from operations stood at ₹2,600 lakh for the quarter ended June 30, 2026, compared to ₹2,079 lakh in the same quarter last year. Total revenue, which includes other income, reached ₹2,618 lakh.

Operating expenses were managed effectively despite the revenue expansion. Cost of material consumed rose to ₹833 lakh from ₹713 lakh, while employee benefits expense decreased slightly to ₹434 lakh from ₹456 lakh. Finance costs remained stable at ₹113 lakh. The company also disclosed that it has exercised the option under Section 200 of the Income Tax Act, 2025, making Minimum Alternate Tax (MAT) inapplicable and triggering a remeasurement of deferred tax assets and liabilities.

Segment-Wise Breakdown

The textiles segment continued to be the primary revenue driver, contributing ₹2,385 lakh to the total turnover. The logistics and warehousing services segment generated ₹215 lakh in revenue, marking its first full quarter of contribution in the current fiscal year compared to nil in the same period last year.

In terms of segment results before tax and finance cost:

• Textiles & Textile Articles: Reported a profit of ₹103 lakh, down from ₹145 lakh in Q1FY26.
• Logistics & Warehousing Services: Delivered a profit of ₹189 lakh, a significant improvement from a loss of ₹23 lakh in the previous year.

What the Numbers Show

A notable divergence exists between the operational performance of the two segments and the overall bottom line. While the core textiles segment saw a decline in pre-tax profits (from ₹145 lakh to ₹103 lakh), the logistics segment swung from a loss to a substantial profit of ₹189 lakh. This shift suggests that the logistics division is now a critical profit center, offsetting margin pressures in the traditional textile business. Furthermore, other income dropped sharply to ₹18 lakh from ₹83 lakh, indicating that the current quarter’s profit growth is primarily driven by operational efficiencies rather than non-operating gains.

Corporate Developments

The board meeting also focused on leadership continuity and structural changes:

• Board Appointments: Mr. Bhim Sain Goyal was appointed as an Additional Director with immediate effect, acting in the capacity of an Independent Director until August 11, 2031. His appointment is subject to ratification at the forthcoming annual general meeting (AGM).
• Continuation of Directors: The board recommended the continuation of Mr. Chander Mohan Sharma as Whole Time Director and Mr. Anil Kumar Jain as Independent Director upon attaining the ages of 70 and 75 years, respectively. Both appointments require shareholder approval at the AGM.
• Resignation: The board took note of the resignation of Mr. Umesh Chandra Tripathi, Independent Director, effective June 13, 2026.
• Committee Restructuring: The composition of the Audit Committee and Nomination & Remuneration Committee was updated to include Mr. Bhim Sain Goyal as a member, with Mr. Raj Kumar Gupta serving as Chairman for both.

The company has scheduled its 46th Annual General Meeting for September 30, 2026. The register of members will remain closed from September 24 to September 30, 2026. M/s Sumit Bajaj & Associates has been appointed as the scrutinizer for the e-voting process and poll at the AGM.

Additionally, the company noted that it had received compensation of ₹61.61 lakh on the acquisition of part of its factory land at Dharuhera in earlier years. A representation has been made to the competent authority for additional compensation of ₹614.64 lakh, which will be accounted for upon receipt.