Mrs. Pinky Rungta, a promoter of Zenith Fibres Limited , plans to acquire up to 1,00,000 equity shares, representing 2.54% of the company's total share capital, through an inter-se transfer. The acquisition is scheduled to occur on or after June 16, 2026, in one or more tranches. The shares will be transferred from Alpha Stitch-Art Pvt. Ltd., another entity within the promoters' group. This transaction will not alter the aggregate shareholding of the Promoters and Promoters Group.

The disclosure was made to BSE Limited on June 9, 2026, in compliance with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer relies on an exemption provided under Regulation 10(1)(a)(ii), as the transferor and transferee are named as promoters in the shareholding pattern for not less than three years prior to the proposed acquisition. Consequently, the acquirer is not required to make a public open offer.

The acquisition price will not exceed the limits specified under the relevant regulations. The volume weighted average market price for the 60 trading days preceding the notice was ₹50.50 on BSE Limited. Mrs. Pinky Rungta confirmed that the acquisition price would not be higher by more than 25% of this computed price. She further confirmed that both the transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.

Following the transaction, Mrs. Pinky Rungta's individual shareholding will increase from 12,56,022 shares (31.85%) to 13,56,022 shares (34.38%). The total shareholding of the acquirer and Persons Acting in Concert (PACs) will rise from 13,98,092 shares (35.45%) to 14,98,092 shares (37.98%). Conversely, Alpha Stitch-Art Pvt. Ltd., the seller, will see its stake reduce from 4,50,000 shares (11.41%) to 3,50,000 shares (8.87%).

Shareholding Pattern Changes

Zenith Fibres Limited reported a net profit of ₹292.24 lakh for the financial year ended March 31, 2026, marking a 62.2% increase from ₹180.13 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹4,007.77 lakh, a decrease from ₹5,219.70 lakh in FY25. The Board of Directors has recommended a dividend of ₹1 per equity share for the financial year, which is subject to approval by shareholders at the ensuing Annual General Meeting.

Financial Performance

The audited financial results for the fourth quarter and financial year ended March 31, 2026, were approved by the Board. For the quarter ended March 31, 2026, the company reported a net loss of ₹1.13 lakh compared to a net loss of ₹53.91 lakh in the same period last year. Revenue from operations for the quarter was ₹1,131.10 lakh, down from ₹1,450.23 lakh in the corresponding quarter of the previous year.

Total income for FY26 was ₹4,607.19 lakh, compared to ₹5,549.90 lakh in the previous year. The company recognized liquidated damages income amounting to ₹252.17 lakhs during the quarter ended December 31, 2025, arising from the cancellation of sale contracts by customers. This non-recurring income was disclosed under "Other Income."

Segment Results

The company operates in two reportable segments: Manmade Fibre and Renewable Energy. The Manmade Fibre segment reported a loss before tax and interest of ₹271.57 lakh for the year, while the Renewable Energy segment reported a profit before tax and interest of ₹64.99 lakh.

Board Approvals and Auditor Report

The Board approved the re-appointment of M/s. Yagnesh Desai & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The statutory auditors, M/s. Surendra Modiani & Associates, issued an unmodified opinion on the audited financial results. The meeting commenced at 12:00 noon and concluded at 2:00 p.m. on May 29, 2026.