Vaxtex Cotfab Limited has accepted the resignation of Ms. Anjali Gupta as an Independent Director on its board, effective May 31, 2026. The resignation was tendered due to pre-occupation and other personal commitments, as confirmed by the company. This change impacts the board composition of the textile manufacturer, which specializes in suiting and shirting fabrics.

The company disclosed that Ms. Gupta submitted her resignation on May 27, 2026. In a regulatory filing, Vaxtex Cotfab confirmed that there are no other material reasons for her resignation beyond those stated in her resignation letter. The resignation was communicated to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (LODR) 2015 regulations.

The following table outlines the key details regarding the director's resignation:

Ms. Anjali Gupta served as the Company Secretary in her resignation letter, which was addressed to the Board of Directors. She expressed gratitude to the board and management for their support and cooperation during her tenure. The company has processed the resignation and updated its records accordingly.

Vaxtex Cotfab Limited reported a net profit of ₹552.55 crore for the financial year ended March 31, 2026, a sharp increase from ₹88.36 crore in the prior year. The company’s total income for FY26 rose to ₹1,442.54 crore, compared to ₹638.23 crore in FY25. Revenue from operations for the year stood at ₹1,116.64 crore, up from ₹525.33 crore in the previous year.

For the quarter ended March 31, 2026, the company posted a net profit of ₹78.85 crore. Revenue from operations for the quarter was nil, while other income contributed ₹49.81 crore to the total income. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, along with the Statement of Assets and Liabilities and Statement of Cash Flow.

The financial results were reviewed by the Audit Committee and approved by the Board. Statutory Auditors of the Company carried out the statutory audit. The results were prepared in accordance with India Accounting Standards (Ind AS) prescribed under Section 133 of The Companies Act, 2013. The company operates in a single primary segment, "Trading in Textiles," and thus consolidated results are not applicable.

Financial Performance

The company’s earnings per share (EPS) for the year ended March 31, 2026, was ₹0.30, compared to ₹0.05 in the previous year. For the quarter ended March 31, 2026, the EPS was ₹0.04. Total expenses for the year increased to ₹936.39 crore from ₹597.07 crore in FY25.

Assets and Liabilities

As of March 31, 2026, the company’s total assets stood at ₹3,682.29 crore, a decrease from ₹4,847.38 crore in the previous year. Total equity increased to ₹2,244.04 crore from ₹1,834.02 crore. Non-current liabilities decreased to ₹184.95 crore from ₹735.35 crore, while current liabilities reduced to ₹1,253.30 crore from ₹2,278.01 crore.

The trading window for dealing in the company’s securities by all Designated Persons and their immediate relatives will reopen from May 28, 2026. The Independent Auditor's Report issued an unmodified opinion on the annual audited standalone financial results.