Acknit industries Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance across key financial metrics. The company's Board of Directors approved the results at a meeting held on February 11, 2026.

Financial Performance Overview

The company's quarterly performance reflected challenging market conditions with revenue and profitability declining compared to the previous year.

Nine Months Performance

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹17,354.77 lakhs compared to ₹17,490.03 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹456.97 lakhs against ₹583.42 lakhs in the previous year, marking a decline of 21.7%.

Segment-wise Revenue Analysis

The company's diversified business portfolio showed varying performance across different segments during Q3FY26.

Strategic Expansion Initiatives

The Board announced several significant expansion and diversification plans to strengthen the company's market position:

• PPE Manufacturing: Initiated expansion facilities for Personal Protective Equipment manufacturing at industrial land in Falta Sector III
• Textile Park Development: Planning expansion at the industrial land procured from WBSIDCL at Banipur Integrated Textile Park, North 24 Parganas, West Bengal
• Jhautala Factory: Planning to initiate production facilities at the factory situated in Mouza Gopalpur Chandigarh, Barasat, Madhyamgram
• Leather Goods: Allotted 5000 Sq. m. area in Kolkata Leather Complex, Bantalla, South 24 Parganas for leather goods and allied industries
• Helmet Manufacturing: Entering into the manufacture of helmets as a new product category

Operational Considerations

The company is evaluating the feasibility of continuing with the Wind Power Generation Sector, as the life of the windmill is approaching expiration. This assessment reflects the company's strategic approach to optimizing its asset portfolio.

Financial Position

The company maintained a stable financial position with paid-up equity share capital of ₹304.00 lakhs. Earnings per share for Q3FY26 stood at ₹4.79 compared to ₹5.83 in the corresponding quarter of the previous year. The results were reviewed by SRB & Associates, Chartered Accountants, who issued an unmodified opinion on the financial results.

Acknit Industries Limited has successfully concluded its postal ballot process, announcing the results of voting conducted entirely through remote e-voting from November 19 to December 18, 2025. The company submitted the scrutinizer's report and voting results to BSE Limited and The Calcutta Stock Exchange Limited on December 18, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Details

The postal ballot was conducted under the supervision of Ms. Rekha Goenka, Proprietor of M/s Rekha Goenka & Associates and Company Secretary in Practice (Membership No. FCS12590), who was appointed as the scrutinizer by the Board of Directors in their meeting held on October 24, 2025. The process was carried out in accordance with Sections 108 and 110 of the Companies Act, 2013, and related rules.

Key process parameters included:

Resolutions and Voting Results

Two resolutions were put to vote during the postal ballot process, both of which were successfully passed.

Special Resolution - Amendment to Memorandum of Association

The first resolution sought approval for amendment in the main Object Clause of the Memorandum of Association of the Company. The voting results were:

Ordinary Resolution - Material Related Party Transaction

The second resolution was for approval of material related party transaction(s) between Acknit Industries Limited and Safewell Industries. The voting outcome was:

Compliance and Documentation

The company ensured full regulatory compliance throughout the process. The postal ballot notice was dispatched electronically on November 18, 2025, to members whose email addresses were registered with the company. Additionally, advertisements regarding the postal ballot were published in Business Standard (Kolkata Edition in English) and Ekdin (Kolkata Edition in Bengali) on November 19, 2025.

The notice was also made available on multiple platforms including the company's website ( www.acknitindia.com ), BSE Limited's website ( www.bseindia.com ), and NSDL's e-voting portal. The vote unblocking process was conducted in the presence of two independent witnesses - Mr. Navneet Agarwal and Ms. Indra Goenka, who confirmed the transparent conduct of the process.

Corporate Governance

The successful completion of the postal ballot demonstrates the company's commitment to corporate governance and shareholder participation. Ms. Sneha Gupta, Company Secretary and Compliance Officer (Membership No. A74327), coordinated the entire process and submitted the required documentation to the stock exchanges.

All electronic data and relevant records of e-voting have been handed over to the Company Secretary for safekeeping, ensuring proper maintenance of corporate records. The scrutinizer's report confirms that the voting process was conducted in a fair and transparent manner, with all regulatory requirements being met.