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.

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.