Rudra Ecovation Limited has published the notice for its 45th Annual General Meeting (AGM) in national newspapers, confirming the gathering is scheduled for September 30, 2026. The textile manufacturer reported a widening net loss of ₹406.97 lakh for FY26, despite an 18% rise in revenue.

The company filed its annual report and AGM notice with the Bombay Stock Exchange. The disclosures were made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates newspaper advertisements for AGM notices.

Financial performance

Total revenue from operations and other income stood at ₹3,215.91 lakh in FY26, up from ₹2,735.24 lakh in FY25. However, operating margins deteriorated significantly. Gross profit before interest and depreciation swung to a loss of ₹180.43 lakh from a loss of ₹88.76 lakh in the previous year.

Finance costs decreased by 12% to ₹128.05 lakh, providing some relief against rising operational losses. The company did not declare any dividend due to insufficient funds.

Board changes

The key personnel changes approved by the board include:

Mr. Tiwari resigned citing personal and unavoidable circumstances. Notably, both Mr. Thakur and Mr. Kapoor are proposed to serve without any salary, remuneration, or commission during their respective tenures, given the company's present financial position, continuing losses, and inadequate availability of funds.

Annual General Meeting details

The board approved the following details for the 45th AGM for the financial year ended March 31, 2026:

The AGM agenda includes adoption of audited financial statements for the year ended March 31, 2026, re-appointment of Akhil Malhotra as Non-Executive Director retiring by rotation, re-appointment of Gian Chand Thakur as Whole Time Director, and appointment of Inderpreet Singh as Independent Director and Rahul Kapoor as Executive Director. Shareholders holding shares as on the cut-off date of September 23, 2026 may cast their vote electronically.

The National Company Law Tribunal (NCLT) Chandigarh Bench has reserved its order regarding the proposed scheme of amalgamation involving Rudra Ecovation Limited and Shiva Texfabs Limited.

The tribunal concluded proceedings on the matter and indicated that the final order will be pronounced at a future date. The scheme involves the merger of Rudra Ecovation, designated as the transferor company, with Shiva Texfabs, the transferee company, along with their respective shareholders and creditors.

Rudra Ecovation Limited disclosed the development in a filing with the Bombay Stock Exchange (BSE) on August 22, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps

The company stated it will intimate the stock exchanges immediately upon receipt or pronouncement of the order by the NCLT. Any further information required under the applicable provisions of the SEBI Listing Regulations will also be provided at that time.

Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, is headquartered in Barotiwala, Himachal Pradesh, with its corporate office in Ludhiana, Punjab.