Virat Industries has submitted its revised 36th Annual Report for the financial year 2025-26 to BSE Limited. The filing, made on July 15, 2026, incorporates the Addendum to the Notice of the 36th Annual General Meeting. The report covers the financial performance for the year ended March 31, 2026, and includes the notice for the AGM scheduled for August 6, 2026.

The company reported a net profit of ₹49,387,000 for the year ended March 31, 2026, compared to ₹9,045,000 in the previous year. Revenue from operations stood at ₹267,921,000, a decrease from ₹316,258,000 in FY 2024-25. Total income for the period was ₹330,716,000. The company’s earnings per share (EPS) for the year increased to ₹3.75 from ₹1.84 in the prior year.

Financial Performance

The Board of Directors had previously approved a proposal to change the company's name to Brahm Virat Industries Corporation Limited. This proposal is subject to shareholder approval at the ensuing general meeting. The Central Registration Centre, Ministry of Corporate Affairs, granted its approval for the name change via a letter dated July 14, 2026. The addendum to the AGM notice includes this special business item regarding the name change and the alteration of the “Name Clause” of the Memorandum of Association.

Key Meeting Details

Appointments

Virat Industries Limited reported a net profit of ₹49.39 crore for the financial year ended March 31, 2026, a significant increase from ₹9.05 crore in the previous year. The company's total income rose to ₹329.37 crore from ₹326.72 crore in FY25, while operating EBITDA surged to ₹72.08 crore compared to ₹22.68 crore. The improved financial performance was driven by higher operating income and a reduction in finance costs, which fell to ₹0.53 crore from ₹0.68 crore.

The board has scheduled the 36th Annual General Meeting for Thursday, August 06, 2026, to approve the financial statements for the year. The meeting will be held through video conferencing and other audio-visual means. The register of members and share transfer book will remain closed from Friday, July 31, 2026, to Thursday, August 06, 2026, for the purpose of the AGM. The remote e-voting facility will be available from Monday, August 03, 2026, to Wednesday, August 05, 2026, with Thursday, July 30, 2026, as the record date for determining eligibility.

Financial Performance

The company's profit before tax for FY26 stood at ₹66.61 crore, up from ₹12.12 crore in the previous year. The provision for tax increased to ₹17.22 crore from ₹3.07 crore. Net profit after tax consequently rose to ₹49.39 crore from ₹9.05 crore. The earnings per share (EPS) improved to ₹3.74 from ₹1.84 in the prior year.

Operational Metrics

Virat Industries' net worth increased substantially to ₹1,307.20 crore in FY26 from ₹264.47 crore in the previous year. The capital employed stood at ₹1,298.19 crore. The company reported a current ratio of 33.61 and a debt-equity ratio of 0.00, indicating a strong liquidity position and negligible debt. The return on capital employed was 8.58%.

The company's operations included the production of 46.19 lakh pairs of knitted socks and the dispatch of 46.94 lakh pairs. Sales realization per pair improved to ₹52.93 from ₹42.60 in the previous year. The total foreign exchange earned during the year was ₹238.15 lakh, with imports constituting 5.45% of exports.

Board and Governance

During the year, the company underwent changes in its board composition. Directors Vaibhav P. Mandhana, Dashrath B. Pawaskar, and Chintamani D. Thatte resigned in September 2025 due to personal commitments. Consequently, new directors Supriya Anil Shete, Neha Govind Tikam, and Vilas Sheshagiri Potdar were appointed and regularized at the Annual General Meeting held on September 30, 2025. The re-appointment of Adi F. Madan as Managing Director was also approved.