SPL Industries Limited reported a 27.9% decline in net profit to ₹706.10 lakh for the financial year ended March 31, 2026. Revenue from operations fell 50.1% to ₹6,954.01 lakh, while total income decreased 42.1% to ₹8,878.11 lakh. The Board of Directors approved the audited standalone financial results for FY26 on May 29, 2026.

Financial Performance

The company’s total expenses for the year stood at ₹8,268.17 lakh, a decrease from ₹14,024.37 lakh in the previous year. Profit before tax for FY26 was ₹609.94 lakh, compared to ₹1,295.24 lakh in FY25. The basic earnings per share (EPS) for the year dropped to ₹2.43 from ₹3.38 in the prior year.

For the quarter ended March 31, 2026, SPL Industries reported a net profit of ₹396.23 lakh. Revenue from operations for the quarter was ₹2,327.86 lakh, and total income was ₹2,906.68 lakh.

Segment Results

The company operates primarily in the manufacturing and trading of garments. For the financial year ended March 31, 2026, the trading segment generated revenue of ₹5,532.78 lakh, while the manufacturing segment contributed ₹3,345.33 lakh. The trading segment reported a profit before tax of ₹1,137.79 lakh, whereas the manufacturing segment reported ₹632.32 lakh.

Audit and Compliance

M/s Raghu Nath Rai & Co., Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the standalone financial results for the year ended March 31, 2026. The auditors confirmed that the financial results comply with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company also disclosed that it had no outstanding qualified borrowings or incremental qualified borrowings during the financial year ended March 31, 2026, pursuant to SEBI circulars regarding large corporate disclosure.

SPL Industries Limited has disclosed to the stock exchanges that Mr. Mukesh Kumar Aggarwal (DIN: 00231651) has completed his term as Managing Director of the company, with the cessation taking effect from the close of business hours on May 14, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notably, Mr. Mukesh Kumar Aggarwal will continue to serve as a Director on the Board of the company following the conclusion of his tenure.

Key Details of the Change in Designation

The following table outlines the requisite disclosure as submitted by SPL Industries in accordance with applicable SEBI regulations and circulars:

Nature of Cessation

The company has explicitly clarified that the cessation from the designation of Managing Director is on account of the completion of Mr. Mukesh Kumar Aggarwal's term of appointment, and is not attributable to resignation or removal. This distinction is significant as it reflects a scheduled conclusion of his executive role rather than any involuntary or premature departure. Despite stepping down as Managing Director and Key Managerial Personnel, Mr. Mukesh Kumar Aggarwal will remain on the Board of Directors of SPL Industries Limited.

Regulatory Compliance

The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular ref no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, SEBI Circular ref no. SEBI/HO/CFD/CFDPoD-2/CIR/P/2024/185 dated December 31, 2024, and SEBI Master Circular ref no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed and submitted by Vishal Srivastava, Company Secretary and Compliance Officer of SPL Industries Limited.