Bhandari Hosiery Exports Limited has announced its board's approval for a significant rights issue worth ₹49.30 crores, marking a strategic move to strengthen the company's financial position and support its growth initiatives. The decision was taken during the Board of Directors meeting held on January 2, 2026, which commenced at 3:00 PM and concluded at 4:35 PM.

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 Formation

To ensure effective oversight of the rights issue process, the board has established a dedicated Rights Issue Committee (RIC) comprising three key members:

The committee will be empowered to make subsequent decisions regarding share allotment to specified investors, appointment of professionals and intermediaries, selection of monitoring agencies, and approval of the Draft Letter of Offer. The Chief Financial Officer and Company Secretary & Compliance Officer will assist the RIC in coordinating with issue advisors and other stakeholders.

Stock Exchange Designation and Timeline

The company has confirmed that the Bombay Stock Exchange will serve as the Designated Stock Exchange for the rights issue process. This designation is crucial for regulatory compliance and smooth execution of the offering.

The Rights Issue Committee has scheduled its next meeting for January 14, 2026, where members will approve the contents of the Draft Letter of Offer and authorize the Company Secretary & Compliance Officer to submit it for in-principle approval from stock exchanges as per applicable statutory provisions.

Regulatory Compliance

The board meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about the board's decisions through official communication.

This rights issue represents a significant step in Bhandari Hosiery Exports Limited's capital enhancement strategy, positioning the company 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.