Rishi Techtex Limited has disclosed its related party transactions for the half year ended March 31, 2026, detailing significant business dealings with Centennial Fabrics Limited and remuneration for its Key Managerial Personnel (KMP). The submission, made to the Bombay Stock Exchange, is in compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights that the company engaged in the purchase and sale of goods with an entity where its KMP and their relatives hold significant influence, alongside recording rent and salary payments to related individuals.

The primary transaction volume involved Centennial Fabrics Limited, an entity in which KMP and their relatives have significant influence. Rishi Techtex Limited reported purchases of goods worth ₹3,076.67 lakh during the reporting period against an approved value of ₹6,500.00 lakh. As of the reporting date, the closing balance of monies due from this counterparty stood at ₹850.52 lakh, down from an opening balance of ₹876.37 lakh. Conversely, sales of goods to the same entity amounted to ₹39.92 lakh during the period, with no outstanding balances recorded at the end.

Transactions with Key Managerial Personnel

The filing also outlines compensation and rent payments to individuals identified as KMP or their relatives. Smita Harshad Patel, a relative of a KMP, received rent payments totaling ₹1.80 lakh for the half year. The company recorded an opening balance of ₹1.80 lakh under this head, which was fully settled by the end of the period, resulting in a nil closing balance.

Remuneration was disclosed for three KMPs. Abhishek Harshad Patel received ₹82.17 lakh, while Jagdish Dokwal and Gauri Gangal received ₹10.87 lakh and ₹3.65 lakh respectively. No outstanding dues were reported against these remuneration payments at the close of the half year.

Summary of Related Party Transactions

Rishi Techtex Limited reported an 8.5% rise in net profit to ₹249.55 crore for the financial year ended March 31, 2026, compared to ₹229.94 crore in the previous year. Revenue from operations increased 16.9% to ₹14,695.28 crore from ₹12,562.23 crore in FY25. The Board of Directors approved the audited financial results at a meeting held on May 29, 2026, but did not recommend any dividend for the year.

For the quarter ended March 31, 2026, the company recorded a profit of ₹47.08 crore, a decline from ₹107.57 crore in the corresponding period of the previous year. Revenue for the quarter stood at ₹4,267.69 crore, up from ₹3,558.05 crore in Q4FY25. Total expenses for the year rose to ₹14,327.40 crore from ₹12,255.07 crore in the prior year, primarily driven by higher costs of materials consumed and employee benefit expenses.

The earnings per share (EPS) for the year stood at ₹3.38, compared to ₹3.11 in the previous year. The company’s paid-up equity share capital remained unchanged at ₹739.10 crore. The statutory auditors, HRK & Co., issued an unmodified opinion on the standalone financial results, confirming compliance with Indian Accounting Standards and regulatory requirements.

Financial Performance

Operational and Regulatory Details

The Board also re-appointed M/s VSSK & Co., Chartered Accountants, as the internal auditor for the financial year 2026-2027. The company stated that there were no exceptional or extraordinary items during the year. Additionally, the management assessed the impact of the new Labour Codes introduced by the Government of India and concluded that the incremental impact would not be material given the company's current salary structure.

The audited financial results are available on the company’s website and the Bombay Stock Exchange platform. The company’s assets totaled ₹9,307.57 crore as of March 31, 2026, compared to ₹7,504.18 crore in the previous year.