Shree Ram Twistex Limited has secured shareholder approval to vary the objects and terms of utilization of its Initial Public Offering (IPO) proceeds and modify the time limit for such utilization. The special resolution was passed via remote e-voting on May 30, 2026, with 99.99% of the valid votes cast in favour. This decision allows the company to alter the deployment of funds raised during its public issue and adjust the schedule for their use.

The postal ballot process, conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced on May 01, 2026, and concluded on May 30, 2026. Ms. Sonu Jain of M/s. Sonu Jain & Co., Practising Company Secretaries, served as the Scrutinizer for the e-voting process. The report confirms that the resolution received the requisite majority needed for passage.

A total of 33,398,386 votes were polled, representing 83.55% of the total outstanding shares. The breakdown of the voting results indicates strong support across various shareholder categories. Promoters and the Promoter Group cast 13,826,425 votes entirely in favour of the resolution. Public Institutional shareholders cast 4,018,374 votes, also unanimously in favour.

The following table details the voting pattern across different shareholder categories:

The record date for determining the eligibility of shareholders to vote on the resolution was April 24, 2026. The company disclosed that there were no invalid or abstained votes recorded during the process. The approval enables Shree Ram Twistex to realign its capital allocation strategies in response to current business requirements.

Shree Ram Twistex Limited held its Board of Directors meeting on May 13, 2026, at its registered office in Gondal, Rajkot, Gujarat, and approved the audited financial results for the fourth quarter and full year ended March 31, 2026. The meeting commenced at 2:00 P.M. and concluded at 3:00 P.M., and was signed off by Managing Director Bhaveshbhai Bhikhubhai Ramani (DIN: 00534813). Statutory auditors M/s. Doshi & Doshi & Co. submitted audit reports with unmodified opinions for both standalone and consolidated annual audited financial results. In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company subsequently published its audited financial results in Financial Express (Gujarati) and Financial Express (English) on May 14, 2026.

Financial Performance Overview

Shree Ram Twistex delivered a strong financial performance for the full year, with revenue from operations growing to ₹27,289.35 lakhs compared to ₹25,504.47 lakhs in the previous year. Net profit after tax surged to ₹1,416.51 lakhs from ₹799.59 lakhs, reflecting robust operational improvement. The following table presents a detailed comparison of key financial metrics:

Balance Sheet Highlights

The company's total assets expanded significantly to ₹30,864.60 lakhs as at March 31, 2026, compared to ₹19,419.99 lakhs in the prior year, driven primarily by a sharp rise in inventories and cash balances. Total equity strengthened to ₹19,847.57 lakhs from ₹7,403.25 lakhs, reflecting the capital infusion from the company's IPO. Key balance sheet figures are summarised below:

Cash Flow Statement

The company's cash flow statement for the full year reflects significant working capital movements, primarily driven by a substantial build-up in inventories. Net cash used in operating activities stood at ₹(2,265.58) lakhs, while net cash used in investing activities was ₹(1,085.87) lakhs. Financing activities, boosted by IPO proceeds of ₹11,024.00 lakhs, generated a net inflow of ₹6,736.94 lakhs, resulting in a net increase in cash and cash equivalents of ₹3,385.49 lakhs for the year. Key cash flow figures are presented below:

IPO and Fund Utilisation

Shree Ram Twistex completed its Initial Public Offering (IPO) of 1,06,00,000 equity shares of face value ₹10 each at an issue price of ₹104 per share (including a share premium of ₹94 per share), aggregating to ₹11,024 lakhs. The company's equity shares were listed on BSE and NSE on March 2, 2026. In accordance with Regulation 32 of SEBI (LODR) Regulations, 2015, the company confirmed no deviation or variation in the use of IPO proceeds for the period ended March 31, 2026. The monitoring agency, Crisil Ratings Limited, oversaw fund utilisation. Details of fund deployment are as follows:

The balance amount for the Wind Power Plant and issue expenses remains in the public offer account maintained with Axis Bank Limited.

Related Party Transactions

During the year, the company undertook several related party transactions in the ordinary course of business and on arm's length terms. Key managerial personnel (KMP) remuneration and loan transactions were the primary categories of related party activity. Notable transactions and outstanding balances as at March 31, 2026 are summarised below:

All unsecured loans outstanding from relatives of KMP as at March 31, 2025 were fully repaid during the year, with nil balances remaining as at March 31, 2026.

Board Decisions and Appointments

In addition to approving the audited financial results, the board made the following key decisions during the meeting:

The company operates in a single reportable segment — Cotton Yarn Manufacturing — and has its factory and registered office at Survey No. 566P1, Gondal, Rajkot, Gujarat (CIN: L17120GJ2013PLC078074).