Shree Ram Twistex Limited adopted its audited financial statements for FY26 during its 13th Annual General Meeting (AGM) held on September 24, 2026. The company also approved the re-appointment of Rameshchandra Mohanlal Hirani as a director.

The meeting was conducted via Video Conferencing (VC) in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The session commenced at 3:00 pm and concluded at 3:43 pm, with a quorum of 55 members present.

Key resolutions passed

Shareholders voted on three ordinary business items as outlined in the AGM notice dated August 26, 2026:

The statutory auditors' report and secretarial auditors' report for FY26 did not contain any qualifications or adverse remarks. Consequently, these reports were taken as read during the proceedings.

Board and management participation

Bhaveshbhai Bikhjubhai Ramani, Managing Director, chaired the meeting. The board and senior management team attended virtually, including:

• Jay Atulbhai Tilala, Whole Time Director and CFO
• Rameshchandra Mohanlal Hirani, Non-executive Director
• Amita Chhaganbhai Ragada, Independent Director
• Bhuvnesh Kumar, Independent Director
• Chirag Kantilal Patel, Independent Director
• Sejal Tapan Gajjar, Company Secretary

Ms. Sonu Jain, Practicing Company Secretary, served as the scrutinizer to ensure fair voting processes. Remote e-voting was available through the NSDL platform from September 21 to September 23, 2026.

Shree Ram Twistex Limited reported a 77% year-on-year increase in net profit after tax (PAT) for FY26, reaching ₹141.65 crore from ₹79.96 crore in FY25. The growth was underpinned by an 8% rise in revenue from operations to ₹2,728.94 crore, alongside improved cost management and the successful completion of its Initial Public Offering (IPO).

The Board of Directors approved the financial results in its meeting on August 26, 2026. The company has scheduled its 13th Annual General Meeting (AGM) for September 24, 2026, to adopt the audited financial statements and transact other business items.

Financial Performance Highlights

Shree Ram Twistex demonstrated strong top-line and bottom-line growth in FY26. Revenue from operations expanded to ₹2,728.94 crore, up from ₹2,527.51 crore in the previous fiscal year. Other income declined slightly to ₹11.72 crore from ₹12.76 crore.

The Earnings Per Share (EPS) for the year stood at ₹4.67, compared to ₹2.72 in FY25. The company did not recommend any dividend for the financial year under review.

Capital Raise and Balance Sheet Strength

A significant development during FY26 was the completion of the company’s IPO. Shree Ram Twistex allotted 10.6 million equity shares at an issue price of ₹110 per share, raising gross proceeds of ₹1,102.40 crore. The equity shares were listed on the Main Board of stock exchanges with effect from March 2, 2026.

This capital infusion substantially strengthened the company’s balance sheet. Total shareholders’ funds increased to ₹1,984.76 crore from ₹740.33 crore in FY25. Concurrently, the debt-equity ratio improved significantly to 0.15 from 0.84 in the previous year, reflecting reduced leverage and enhanced financial flexibility.

Agenda Items for AGM

The 13th AGM will focus on three primary resolutions:

1. Adoption of Financial Statements: Shareholders will consider and adopt the Audited Financial Statements for FY26, along with the Directors' Report and Auditor's Report.
2. Director Reappointment: Mr. Rameshchandra Mohanlal Hirani (DIN: 06775835), who retires by rotation, offers himself for reappointment as Director. He holds over 11 years of experience in the textile industry and owns 1,505,000 equity shares as of March 31, 2026.
3. Ratification of Cost Auditor Remuneration: Approval is sought for the remuneration of ₹1,00,000 plus applicable taxes and out-of-pocket expenses to M/s. Niketan Govindbhai Tadhani & Co., Cost Accountants, for FY27.

Meeting Logistics

The AGM will be conducted via video conferencing or other audio-visual means. The deemed venue is the company’s registered office in Gondal, Gujarat.

Ms. Sonu Jain, a practicing Company Secretary, has been appointed as the scrutinizer for the AGM. Proxy appointments are not available for this meeting, though body corporates may appoint authorized representatives.

What the Numbers Show

The sharp expansion in net profit, outpacing revenue growth, indicates improved operational leverage and margin efficiency. The substantial reduction in the debt-equity ratio, driven by the IPO proceeds, positions the company with a robust capital base to fund future expansion plans, including machinery upgrades and renewable energy projects as outlined in the variation of IPO proceeds approved via postal ballot.