E-Land Apparel Limited has reported a net loss of ₹1,247.79 lakhs for the third quarter of fiscal year 2026, compared to a profit of ₹312.85 lakhs in the corresponding quarter of the previous year. The company's board of directors approved these unaudited financial results during their meeting held on February 11, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's revenue from operations declined to ₹6,599.23 lakhs in Q3FY26 from ₹6,725.21 lakhs in Q3FY25, representing a year-on-year decrease. For the nine months ended December 31, 2025, the company reported a cumulative loss of ₹3,698.15 lakhs against a profit of ₹665.58 lakhs in the corresponding period of the previous year.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, revenue from operations decreased to ₹17,244.66 lakhs from ₹19,683.35 lakhs in the previous year. The company's total expenses for the nine-month period increased to ₹21,655.21 lakhs compared to ₹19,718.99 lakhs in the corresponding period last year.

Going Concern and Auditor's Observations

The independent auditor's review report by Singhi & Co. Chartered Accountants highlighted material uncertainty regarding the company's ability to continue as a going concern. The auditor noted that accumulated losses have eroded the net worth of the company as of December 31, 2025. However, the financial results have been prepared on a going concern basis, with the holding company confirming financial support to ensure business continuity.

Earnings Per Share and Capital Structure

The company reported a basic and diluted loss per share of ₹2.60 for Q3FY26, compared to earnings per share of ₹0.65 in Q3FY25. The paid-up equity share capital remained unchanged at ₹4,799.05 lakhs with a face value of ₹10 per share.

Regulatory Compliance and Board Meeting Details

The board meeting was chaired by Managing Director Dongju Kim and commenced at 3:00 PM, concluding at 5:00 PM on February 11, 2026. The company has filed the outcome with BSE Limited under scrip code 532820, complying with Regulation 30 & 33 of the SEBI Listing Regulations. The company operates in the garments segment as its sole reportable business division.

E-Land Apparel Limited has announced a key leadership appointment, with the board of directors approving the appointment of Mr. Woo Sang Kim as Additional Executive Director and Chief Financial Officer. The decision was made during a board meeting held on January 20, 2026, marking a significant step in the company's leadership structure.

Board Meeting Outcomes

The board meeting, which commenced at 3:00 PM and concluded at 4:30 PM on January 20, 2026, resulted in the formal approval of Mr. Kim's dual appointment. The decision was made based on the recommendation of the Nomination and Remuneration Committee, ensuring proper governance protocols were followed.

Professional Background and Expertise

Mr. Woo Sang Kim brings substantial experience to his new role, with over 20 years of expertise in the fashion industry. His professional background encompasses critical areas including global sourcing, garment production, and quality management. Throughout his career, he has held key positions at several prominent organizations in the fashion sector.

His experience spans across major fashion companies including:

• ELAND Group
• LF Corp
• Hyungji Fashion Group

Currently serving as Manager at E-Land Apparel, Mr. Kim has demonstrated proficiency in international operations and combines expertise in both business administration and fashion design to deliver efficient and customer-focused results.

Regulatory Compliance and Governance

The appointment follows all regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Kim is not related to any existing directors personally, financially, or otherwise, ensuring independence in his role.

Additionally, the company has verified that Mr. Kim is not debarred from holding the office of Director pursuant to any SEBI Order or order of any other authority, meeting all regulatory compliance requirements.

Next Steps and Approvals

While the board has approved the appointment, it remains subject to approval from the company's shareholders and other applicable statutory approvals. This standard procedure ensures that all stakeholders have the opportunity to review and approve significant leadership changes within the organization.

The appointment reflects E-Land Apparel's commitment to strengthening its leadership team with experienced professionals who can contribute to the company's strategic objectives and operational excellence in the competitive apparel industry.