Tusaldah Limited has filed its annual report for the financial year 2025-26. The company is seeking shareholder approval to raise its borrowing limits to ₹50 crore at its upcoming Annual General Meeting.

High Street Filatex (formerly High Street Filatex Ltd) intends to use the increased borrowing capacity to support future business plans and long-term strategic objectives. The filing confirms that the 32nd AGM will be held on September 28, 2026, via Video Conferencing or Other Audio-Visual Means.

Key Resolutions

The board has proposed several special and ordinary resolutions for shareholder consideration:

• Borrowing Limits: Increase borrowing limits up to ₹50 crore or the aggregate of paid-up capital and free reserves, whichever is higher.
• Security Creation: Create mortgage, charge, and hypothecation on movable and immovable properties to secure borrowings up to the same limit.
• Investments and Loans: Increase limits for making investments, extending loans, and providing guarantees under Section 186 of the Companies Act, 2013.

Board Appointments

Mrs. Anupriya Sandeep Agrawal retires by rotation and offers herself for reappointment as Whole-Time Director. She holds a Bachelor of Design degree and has over 15 years of experience in design and marketing.

Mrs. Madhura Alok Singh is proposed for appointment as an Independent Director for a five-year term starting November 3, 2025. A Fellow Company Secretary with over 12 years of experience in corporate governance, she will serve on the Audit Committee and chair the Nomination and Remuneration Committee.

Meeting Details

Shareholders holding shares as on September 18, 2026, are eligible to vote. Remote e-voting facilities are available from September 25 to September 27, 2026, through Central Depository Services (India) Limited.

High Street Filatex Limited reported a narrowed standalone net loss of ₹14.81 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹18.44 lakh in the previous quarter. The company’s standalone net sales stood at ₹156.09 lakh, a significant decline from ₹290.25 lakh recorded in the quarter ended March 31, 2026.

The Board of Directors approved the unaudited standalone financial results during a meeting held on August 12, 2026. The results were reviewed by the statutory auditor, N. D. Kapur & Co., which issued an unmodified review report confirming that the statements comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for the quarter was ₹156.13 lakh, driven primarily by operations, with other income contributing a negligible ₹0.04 lakh. Total expenses decreased to ₹171.18 lakh from ₹309.10 lakh in the prior quarter, reflecting lower operational activity aligned with reduced sales.

Key expense components included purchases of stock-in-trade at ₹152.54 lakh and employee benefits expense at ₹5.95 lakh. Legal and professional fees rose to ₹4.97 lakh from ₹3.84 lakh in the prior quarter. Finance costs were minimal at ₹0.28 lakh.

What the Numbers Show

The divergence between the decline in revenue and the reduction in expenses indicates a scaling down of operational intensity. While net sales dropped by approximately 46% quarter-on-quarter, total expenses fell by roughly 45%, suggesting that cost structures are adjusting proportionally to the lower revenue base. However, the company continues to operate at a loss, with the pre-tax deficit narrowing slightly by ₹3.62 lakh compared to the previous quarter.

For the full year ended March 31, 2026, High Street Filatex reported a net loss of ₹61.64 lakh on revenues of ₹302.11 lakh. The paid-up equity share capital remains unchanged at ₹234.34 lakh. No dividend was declared for the quarter.