Betex India Reports Q1 Results, Announces Leadership Changes and AGM Schedule

Betex India Ltd , a textile company, has released its financial results for the first quarter ended June 30, 2025, alongside several corporate announcements.

Financial Performance

The company reported a revenue from operations of Rs 2,113.82 lakh for Q1, compared to Rs 2,288.52 lakh in the corresponding quarter of the previous year, marking a decrease of 7.6%. The net profit for the quarter stood at Rs 1.15 lakh, significantly lower than the Rs 40.46 lakh reported in Q1 of the previous year.

Particulars (Rs in Lakh)	Q1 2025-26	Q1 2024-25	% Change
Revenue from Operations	2,113.82	2,288.52	-7.6%
Net Profit	1.15	40.46	-97.2%

The company's total income, including other income, amounted to Rs 2,155.86 lakh for the quarter. The earnings per share (EPS) for Q1 was Rs 0.08, compared to Rs 2.70 in the same quarter of the previous year.

Corporate Updates

Betex India's Board of Directors approved several key decisions in their meeting held on August 13, 2025:

Leadership Changes: The board approved the re-appointment of Mr. Mahesh Kumar Somani as Non-Executive Director for a further period of 3 years, effective from October 1, 2025, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Auditor Transition: The company accepted the resignation of M/s. C.P. Jaria & Co., Chartered Accountants, as Statutory Auditors. M/S H T K S & CO., Chartered Accountants, have been appointed as the new Statutory Auditors to fill the casual vacancy, effective from August 14, 2025, until the conclusion of the ensuing AGM.
AGM and Book Closure: The 38th Annual General Meeting of the company is scheduled for September 15, 2025. The book closure period for the AGM has been set from September 9 to September 15, 2025 (both days inclusive).
Scrutinizer Appointment: M/s. Dhirren R. Dave & Co., Practicing Company Secretaries, have been appointed as the Scrutinizer for the voting process at the 38th AGM.

The company operates solely in the textile business segment and has prepared standalone results as it does not have any subsidiaries, associates, or joint ventures.

Betex India Ltd continues to navigate the challenges in the textile industry, as reflected in its financial performance for the quarter. The company's focus on corporate governance and statutory compliance is evident from the various board-level decisions announced alongside the financial results.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.78%	+9.17%	+27.07%	+30.15%	+77.75%	+3,551.49%

Betex India Limited announced a significant change in its auditing arrangements as its statutory auditor, M/s. C P Jaria & Co., Chartered Accountants, has tendered their resignation. The auditing firm, which holds the Firm Registration Number 104058W, will step down from their role effective August 14, 2025.

Reasons for Resignation

In a formal letter dated August 2, 2025, C P Jaria & Co. cited pre-occupation with other assignments as the primary reason for their inability to continue serving as Betex India Limited's statutory auditor. The resignation letter, signed by CA Pankaj Kumar Jain, a partner at the firm, stated that due to commitments to other engagements, they would not be able to devote sufficient time to the affairs of the company.

Regulatory Compliance

In adherence to regulatory requirements, Betex India Limited promptly informed the BSE Limited about this change. The company's disclosure aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read in conjunction with Part-A of Schedule III of the said regulations.

Details of the Resignation

Item	Detail
Auditor	M/s. C P Jaria & Co., Chartered Accountants (FRN No.: 104058W)
Effective Date of Resignation	August 14, 2025
Reason	Inability to continue due to pre-occupation with other assignments

Company's Response

Swati Somani, the Company Secretary & Compliance Officer of Betex India Limited, acknowledged the receipt of the resignation letter. The company has enclosed the auditor's resignation letter along with Annexure A of the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023, in their communication to the stock exchange.

Next Steps

While the current announcement focuses on the resignation of C P Jaria & Co., Betex India Limited has not yet disclosed information regarding the appointment of a new statutory auditor. Shareholders and investors will likely be keen to learn about the company's plans to fill this crucial role in the coming weeks.

The resignation of a statutory auditor is a significant event for any publicly listed company. Betex India Limited will need to appoint a new auditor to ensure continued compliance with regulatory requirements and to maintain transparency in its financial reporting processes.