Super Fine Knitters has accepted the resignation of Shruti Gupta from the position of Independent Director, effective September 7, 2026. The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gupta cited preoccupation and other professional commitments as the reasons for her departure. She confirmed that there were no other material reasons for her resignation beyond those stated in her letter.

The company secretary, Samridhi Batra, issued the disclosure to the Bombay Stock Exchange on September 7, 2026. The filing included a confirmation from Gupta stating that no additional material factors influenced her decision to step down.

Resignation Details

Gupta’s resignation letter, addressed to the Board of Directors in Ludhiana, requested the company to submit the necessary forms to the Registrar of Companies. The board has acknowledged the receipt of the resignation letter.

Super Fine Knitters Limited reported a 36.1% increase in net profit to ₹91.83 lakh for the financial year ended March 31, 2026, compared to ₹67.49 lakh in the previous year. Revenue from operations grew 9.9% to ₹3,095.86 lakh from ₹2,817.94 lakh in FY25, driving the improved profitability. The company’s board approved the audited standalone financial results in a meeting held on May 29, 2026.

The total revenue for FY26 stood at ₹3,145.47 lakh, up from ₹2,862.90 lakh in the prior year. Total expenses increased to ₹3,092.32 lakh from ₹2,771.69 lakh. The finance costs decreased to ₹81.80 lakh from ₹99.16 lakh, while depreciation and amortization expenses rose marginally to ₹98.23 lakh from ₹94.90 lakh. The basic and diluted earnings per share (EPS) improved to ₹0.74 from ₹0.54 in the previous year.

Financial Performance

The statement of profit and loss highlights a recovery in the second half of the fiscal year. For the half year ended March 31, 2026, the company reported a profit of ₹55.84 lakh, compared to ₹35.99 lakh in the half year ended September 30, 2025. Revenue from operations for the half year ended March 31, 2026, was lower at ₹1,274.60 lakh compared to ₹1,821.26 lakh in the preceding half year.

Balance Sheet and Cash Flows

The balance sheet as of March 31, 2026, shows total assets at ₹3,960.30 lakh, slightly lower than ₹3,978.89 lakh in the previous year. Shareholders' funds, comprising share capital and reserves, increased to ₹2,507.23 lakh from ₹2,399.29 lakh. Cash and cash equivalents improved significantly to ₹106.44 lakh from ₹8.72 lakh, bolstered by strong operating cash flows.

Net cash generated from operating activities for FY26 was ₹344.36 lakh, compared to ₹247.65 lakh in FY25. Cash used in investing activities was ₹57.86 lakh, while financing activities resulted in a net outflow of ₹188.78 lakh.

Auditor's Report

M/s. Sumit Bharti & Associates, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the audited financial results for the year ended March 31, 2026. The report confirms that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the accounting standards.