Supertex Industries Limited concluded its 40th Annual General Meeting on September 30, 2026, with shareholders approving all proposed resolutions. The meeting addressed the adoption of FY26 financial statements and key governance appointments.

The proceedings took place at the company's facility in Silvassa, Dadra & Nagar Haveli. A total of 33 members attended the session, which commenced at 10:30 am. The Chairman confirmed that the requisite quorum was present before the meeting began.

Resolutions passed

Shareholders voted on four specific items outlined in the notice convening the meeting. The resolutions covered financial adoption, board continuity, and audit compliance.

Governance and compliance updates

Ramesh Kumar Mishra, Chairman and Managing Director, informed members that the Annual Report for FY26 provided a comprehensive overview of business performance. He noted that the Auditor's Report contained no qualifications or observations that would adversely impact the company's functioning. The Secretarial Audit Report was referenced as an annexure to the Board's report.

Vikas Chomal, Proprietor of Vikas R Chomal & Associates, served as the scrutinizer for the meeting. Manish Seksaria, Company Secretary and Compliance Officer, clarified that voting rights were based on shareholding as of the cut-off date, September 23, 2026. The company utilized both remote e-voting and ballot papers for those present at the venue.

Supertex Industries reported a net profit of ₹16.15 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹8.47 lakh recorded in FY25. The company’s revenue from operations fell 34.8% to ₹4,788.14 lakh, driven by a significant reduction in production volumes and subdued international trade conditions.

Financial Performance

The textile manufacturer saw its turnover drop from ₹7,339.73 lakh in FY25 to ₹4,788.14 lakh in FY26. Despite the decline in top-line growth, the company managed to improve its bottom line through better realizations and cost management. Profit before tax decreased slightly to ₹31.92 lakh from ₹37.59 lakh in the prior year. However, a lower deferred tax expense of ₹15.78 lakh, compared to ₹46.07 lakh in FY25, contributed to the turnaround in net profitability.

Operational Highlights

Production volumes declined by 34% to 2,771 metric tonnes in FY26, down from 4,193 metric tonnes in FY25. The company attributed this drop to a shift in product mix towards finer deniers, including nylon, and volatile international trade scenarios. Exports remained negligible during the year as price fluctuations and geopolitical tensions disrupted global supply chains. Management noted that margins continued to face strain but highlighted improved realizations despite rising input costs.

What the Numbers Show

A key divergence in the financials is the behavior of operating profits versus net profits. While profit before tax contracted by 15.1%, net profit swung from a loss to a gain. This reversal was primarily driven by a sharp reduction in deferred tax expenses, which fell by ₹30.29 lakh year-on-year. Additionally, finance costs increased to ₹284.78 lakh from ₹263.04 lakh, reflecting higher interest burdens that partially offset operational efficiencies.

Balance Sheet and Cash Flow

Total assets stood at ₹6,882.98 lakh as of March 31, 2026, down from ₹7,357.42 lakh in the previous year. Borrowings increased slightly, with total borrowings reaching ₹2,140.42 lakh (₹543.40 lakh non-current and ₹1,597.02 lakh current). The company generated ₹323.91 lakh from operating activities, compared to ₹420.00 lakh in FY25. Cash and cash equivalents rose to ₹85.31 lakh from ₹53.09 lakh, indicating improved liquidity management despite lower revenues.

Corporate Governance and AGM

The 40th Annual General Meeting is scheduled for September 30, 2026. Key agenda items include the re-appointment of Mr. Ramesh Kumar Mishra as Chairman and Managing Director and Mr. Piyush Patel as an Independent Director for a second term. The Board also recommended the re-appointment of M/s V.J. Talati & Co. as Cost Auditors for FY27. No dividend was declared for FY26, with profits retained to strengthen the capital base.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE881B01054/060317c1-0506-42f0-a2ae-2cda966de4ad.pdf