Nandan Denim Limited , a leading textile manufacturer, has announced significant changes to its board and reported robust financial results for the first quarter of fiscal year 2026.

Board Appointments

The company's Board of Directors has approved the appointment of two new Additional Directors in Independent Capacity, subject to shareholder approval:

1. Mr. Suresh Chatterjee (DIN: 03565196): A finance professional with 25 years of senior-level experience in public financial institutions and the private sector. Mr. Chatterjee brings a unique blend of technical expertise in Chemical Engineering, financial acumen, and legal knowledge to the board.

2. Mr. Ambalal Patel (DIN: 00037870): With over 30 years of experience at Gujarat Industrial Investment Corporation Ltd. (GIIC), Mr. Patel has extensive knowledge in project identification, appraisal, and financial assistance. His career includes roles such as Technical Adviser (Metallurgy) and handling various aspects of industrial development in Gujarat.

Both appointments are for a term of five consecutive years, effective from August 06, 2025, to August 05, 2030.

New Secretarial Auditor

The Board has also appointed M/s. J. D. Khatnani & Associates as the company's Secretarial Auditor for a term of five years, covering the financial years 2025-26 to 2029-30. This appointment is subject to approval by the members in the ensuing Annual General Meeting.

Q1 FY2026 Financial Results

Nandan Denim has reported strong financial performance for the quarter ended June 30, 2025:

The company has shown significant year-over-year growth across all key financial metrics. Revenue from operations increased by 45.18%, while net profit saw a substantial rise of 49.49% compared to the same quarter in the previous fiscal year.

Management Commentary

Jyotiprasad Chiripal, Managing Director of Nandan Denim Limited, stated, "We are pleased with our strong start to the fiscal year 2026. The appointment of Mr. Chatterjee and Mr. Patel as Independent Directors will bring valuable expertise to our board, supporting our growth strategy. Our financial results demonstrate the resilience of our business model and the increasing demand for our products."

The company's focus on operational efficiency and strategic initiatives appears to be yielding positive results, as reflected in the robust financial performance for the quarter.

Nandan Denim Limited continues to strengthen its position in the textile industry, with these board appointments and strong financial results indicating a positive outlook for the company's future growth and governance.

Nandan Denim Limited (NDL), a leading denim manufacturer, has reported a significant increase in revenue and profit for the first quarter, despite facing pressure on its profit margins. The company also announced key board appointments and the approval of financial results.

Financial Highlights

The company's unaudited financial results for the quarter reveal:

Nandan Denim reported a robust 45.18% year-over-year increase in revenue from operations, reaching ₹1,047.68 crore compared to ₹721.62 crore in the same quarter of the previous year. This substantial growth indicates strong demand for the company's products and effective sales strategies.

The company's net profit also saw a significant boost, rising by 49.53% to ₹11.20 crore from ₹7.49 crore in the corresponding quarter last year. This improvement in profitability demonstrates the company's ability to capitalize on increased sales and manage costs effectively.

Margin Pressure

Despite the strong top-line and bottom-line growth, Nandan Denim faced pressure on its profit margins. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) remained relatively flat, increasing marginally by 0.62% to ₹32.40 crore from ₹32.20 crore in the previous year's quarter.

More notably, the EBITDA margin contracted to 3.10% from 4.47% in the same period last year, representing a decline of 137 basis points. This compression in margins suggests that the company faced higher input costs or operational expenses during the quarter, which could not be fully offset by the increase in revenue.

Board Developments

In addition to the financial results, Nandan Denim's Board of Directors made several key decisions during their meeting:

1. Appointment of M/s. J.D. Khatnani & Associates as the Secretarial Auditor for a term of five consecutive years.
2. Appointment of Mr. Suresh Chatterjee as an Additional Director in Independent Capacity for a term of five years, subject to shareholder approval. Mr. Chatterjee is a finance professional with 25 years of experience in public financial institutions and the private sector.
3. Appointment of Mr. Ambalal Patel as an Additional Director in Independent Capacity for a term of five years, subject to shareholder approval. Mr. Patel has extensive experience with Gujarat Industrial Investment Corporation Ltd. and has served as a nominee director on various company boards.

These appointments aim to strengthen the company's corporate governance and bring diverse expertise to the board.

Additional Information

Nandan Denim operates primarily in the textiles segment. The company had previously completed a share subdivision, changing the face value of its shares from Rs 10 to Rs 1.

Conclusion

Nandan Denim's Q1 results demonstrate the company's ability to drive significant revenue growth and improve profitability in absolute terms. However, the pressure on margins highlights the challenges in the operating environment. The new board appointments and auditor selection indicate the company's focus on strengthening its governance structure. Investors and analysts will likely keep a close eye on how the company addresses these margin pressures in the coming quarters while maintaining its growth trajectory and leveraging the expertise of its newly appointed directors.