Bhandari Hosiery Exports Limited has announced the outcome of its Rights Issue Committee meeting, setting the stage for a significant capital raising exercise worth up to Rs 49.30 crores. The company has officially communicated to stock exchanges regarding the record date fixation under Regulation 42 of SEBI LODR Regulations, demonstrating compliance with regulatory requirements. In a recent update, the company has revised the last date for off market transfer of rights entitlements from March 19 to March 18, 2026 due to the Gudi Padwa festival holiday.

Rights Issue Structure and Pricing

The rights issue will comprise 19,20,39,722 equity shares of face value Re 1 each, priced at Rs 2.56 per share including a premium of Rs 1.56 per share. The shares will be offered to existing equity shareholders in the ratio of 4 equity shares for every 5 equity shares held as on the record date.

Revised Timeline and Record Date

The company has fixed February 25, 2026 as the record date for determining eligible shareholders under Regulation 42 of SEBI LODR Regulations. Following the recent revision, the off market transfer date has been adjusted to accommodate the festival holiday.

Dematerialized Rights Entitlements Process

In accordance with SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the company has made necessary arrangements with NSDL and CDSL for credit of Rights Entitlements in dematerialized form. The Rights Entitlements of eligible equity shareholders will be credited in their respective demat accounts prior to the issue opening date. The company is currently in the process of obtaining a fresh ISIN for the rights issue purpose.

Stock Exchange Approvals and Share Capital Impact

The company has secured in-principle approvals from both major stock exchanges. The National Stock Exchange of India Limited granted approval under reference number NSE/LIST/53054 dated February 18, 2026, while BSE Limited provided approval under reference number LOD/RIGHT/HC/FIP/1721/2025-26 dated February 18, 2026.

Currently, the company has 240049652 outstanding equity shares of Re 1 each. Upon full subscription of the rights issue, the total outstanding equity shares will increase to 432089374 shares, subject to applications for additional shares by shareholders with fractional entitlements. The Letter of Offer will be filed with both stock exchanges under relevant SEBI ICDR Regulations provisions.

Bhandari Hosiery Exports Limited has announced its unaudited financial results for the third quarter of FY26 ended December 31, 2025. The textile company demonstrated solid performance with improved profitability compared to the corresponding period last year.

Financial Performance Overview

The company's financial metrics for Q3 FY26 showed positive momentum across key parameters:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Bhandari Hosiery Exports maintained steady performance:

Cost Structure and Expenses

The company's expense management during Q3 FY26 reflected operational adjustments:

• Cost of materials consumed: Rs 3,567.32 lacs
• Employee benefit expenses: Rs 320.24 lacs
• Finance costs: Rs 291.02 lacs
• Other expenses: Rs 965.22 lacs
• Depreciation expense: Rs 175.00 lacs

Total expenses for the quarter amounted to Rs 5,640.58 lacs, resulting in a profit before tax of Rs 268.53 lacs.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026. The meeting commenced at 3:00 PM and concluded at 4:00 PM. The results have been subjected to limited review by the company's statutory auditors, Raj Gupta & Co., Chartered Accountants.

The company operates predominantly in the textiles segment and has no subsidiary or associate companies. Bhandari Hosiery Exports maintains its registered office at Bhandari House, Village Meharban, Rahon Road, Ludhiana, Punjab, and is recognized as an Export House by the Government of India.