Bhandari Hosiery Exports Limited has made significant progress in its ₹49.30 crore rights issue initiative, with the Rights Issue Committee approving the Draft Letter of Offer and authorizing its submission to stock exchanges for in-principle approval. The committee meeting held on January 16, 2026, at 3:00 PM marked a crucial milestone in the company's capital raising process.

Rights Issue Fund Allocation

The company has outlined a comprehensive utilization plan for the ₹49.30 crore rights issue proceeds across four key areas:

The largest portion of the funds, ₹34.00 crores, will be directed towards strengthening long-term working capital requirements, indicating the company's focus on operational efficiency and business expansion capabilities.

Rights Issue Committee Progress

The Rights Issue Committee, established during the Board of Directors meeting on January 2, 2026, comprises three key members:

During the January 16, 2026 meeting, the committee unanimously approved the Draft Letter of Offer for the rights issue of fully paid-up equity shares aggregating up to ₹49.30 crores. The committee authorized the Company Secretary & Compliance Officer to submit the DLOF to stock exchanges and manage subsequent interactions with exchanges and regulators to obtain in-principle approval.

Key Committee Decisions

The Rights Issue Committee meeting resulted in several important decisions:

Regulatory Framework and Next Steps

The Bombay Stock Exchange has been designated as the primary stock exchange for the rights issue process. The company is proceeding in full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with proper notifications sent to both BSE Limited and National Stock Exchange of India Limited.

The rights issue will be offered to existing equity shareholders as on the record date, which will be fixed at an appropriate time. The ratio, price, and terms and conditions will be determined by the empowered Rights Issue Committee as per applicable statutory provisions. This strategic capital raising initiative positions Bhandari Hosiery Exports Limited to strengthen its financial foundation while reducing debt burden and supporting future growth initiatives.

Bhandari Hosiery Exports Limited , a prominent player in the textile industry, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows steady growth in revenue and profitability.

Financial Highlights

Key Points

1. Revenue Growth: The company's revenue from operations for Q2 FY26 stood at Rs 6,833.46 lakhs, showing a slight increase compared to Rs 6,826.21 lakhs in the same quarter of the previous year.

2. Profitability: Net profit for Q2 FY26 increased to Rs 206.52 lakhs, up from Rs 166.99 lakhs in Q2 FY25, representing a growth of about 23.7%.

3. Half-Yearly Performance: For H1 FY26, the total revenue reached Rs 13,133.87 lakhs, with a net profit of Rs 358.82 lakhs, showing improvements over the corresponding period last year.

4. Earnings Per Share: The Basic Earnings Per Share (EPS) for Q2 FY26 remained stable at Rs 0.07, while for H1 FY26, it improved to Rs 0.15 from Rs 0.13 in H1 FY25.

Board Approval and Audit Review

The company's Board of Directors approved these results in a meeting held on November 14, 2025. The financial statements, including the Statement of Assets and Liabilities and Cash Flow Statement, have undergone a limited review by the statutory auditors, M/s Raj Gupta & Co.

About Bhandari Hosiery Exports Limited

Bhandari Hosiery Exports Limited is recognized as an Export House by the Government of India. The company specializes in designing, fabricating, and manufacturing garments, with its registered office located in Ludhiana, Punjab.

Investors and stakeholders can access the detailed financial results on the company's website ( www.bhandariexport.com ) as well as on the websites of BSE Limited and National Stock Exchange of India Limited.

Note: All figures are based on the unaudited financial results for the quarter and half-year ended September 30, 2025, as reported by the company.