York Exports has confirmed the book closure period for its 44th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026. The Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026.

Meeting Agenda

The primary business for the AGM includes the adoption of the financial statements for the fiscal year ended March 31, 2026. This covers the Directors' Report, Auditors' Report, Audited Balance Sheet, Profit and Loss Account, and Cash Flow Statement.

Additionally, shareholders will vote on the re-appointment of Mr. Aayush Dhawan as a director liable to retire by rotation. He offers himself for re-appointment as Whole-time Director in compliance with Section 152(6) of the Companies Act, 2013.

Director Profile

Aayush Dhawan brings over two decades of experience in technical, financial, administrative, and planning functions within the knitted garments sector. He is a graduate of Babson College, USA. His current directorships include York Oil and Fats Private Limited, York Infrastructure Pvt. Ltd., York E-Retail Pvt. Ltd., and Nature Light Solar Power Pvt. Ltd. He holds 1,65,400 shares in the company and is the son of Managing Director Ashwani Dhawan.

Voting and Logistics

Shareholders can exercise their voting rights through remote e-voting provided by Central Depository Services (India) Ltd. The e-voting window opens on Sunday, September 27, 2026, at 9:00 am and closes on Tuesday, September 29, 2026, at 5:00 pm. The cut-off date for shareholding eligibility is September 23, 2026.

The Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. M/s Harsh Goyal & Associates, Company Secretaries, have been appointed as the scrutinizer for the e-voting process.

Members are advised to register their email addresses with their Depository Participants or the Registrar & Transfer Agent, M/s Beetal Financial and Computer Services Pvt. Ltd., to receive communications electronically. Hard copies of the annual report will not be dispatched; documents are available for download from the company's website.

York Exports Limited reported a significant deterioration in profitability for the first quarter of FY27, with standalone net loss widening to ₹164.97 lakh compared to a net profit of ₹10.01 lakh in Q1FY26. The Ludhiana-based knitted garments manufacturer saw its revenue from operations contract by over 40% year-on-year to ₹322.15 lakh, reflecting softening demand or operational scaling back during the period.

On a consolidated basis, the group reported a net loss of ₹151.85 lakh for the quarter ended June 30, 2026, up from a net profit of ₹14.53 lakh in the corresponding period last year. However, the consolidated bottom line was partially cushioned by a share of profit from its associate, York Oil and Fats Private Limited, which contributed ₹13.12 lakh, down from ₹530.54 lakh in FY26.

Operational Metrics and Costs

The decline in revenue coincided with a complex cost structure. While total expenses decreased to ₹492.93 lakh from ₹529.68 lakh in Q1FY25, this reduction was largely driven by a credit of ₹662.63 lakh from changes in inventories, indicating stock build-up rather than sales conversion.

Finance costs remained a significant burden, rising to ₹100.72 lakh from ₹88.41 lakh in the previous year’s quarter. Employee benefits expense declined to ₹171.45 lakh from ₹205.81 lakh, suggesting some cost containment efforts in human resources.

Cash Flow and Balance Sheet Signals

Despite the operating loss, the company generated positive cash flow from operating activities of ₹79.05 lakh on a standalone basis, compared to an outflow of ₹1,443.99 lakh in FY26. This improvement was driven by an increase in trade payables (₹477.85 lakh) and current borrowings (₹402.66 lakh), offsetting the cash tied up in inventory increases of ₹649.75 lakh and trade receivables of ₹151.56 lakh.

The consolidated cash flow from operations showed a similar pattern, generating ₹92.17 lakh. Investing activities consumed ₹2.35 lakh on a standalone basis, primarily due to acquisitions of property, plant, and equipment. Financing activities resulted in a net outflow of ₹66.41 lakh, dominated by interest payments of ₹100.72 lakh and repayment of long-term borrowings of ₹34.31 lakh.

What the Numbers Show

The divergence between the standalone loss and positive operating cash flow highlights a reliance on working capital management to sustain liquidity. The substantial increase in trade payables and current borrowings funded the inventory build-up, as revenue generation failed to convert existing stock into cash. Furthermore, the associate company, York Oil and Fats Private Limited, continues to be a critical profit center; its contribution of ₹13.12 lakh mitigated the group’s consolidated loss, although this share is significantly lower than the ₹530.54 lakh recorded in the full year FY26.

The Board of Directors, chaired by Managing Director Ashwani Dhawan, approved the unaudited financial results in a meeting held on August 14, 2026. The results were reviewed by Nanda & Bhatia Chartered Accountants.