Nandan Denim Limited has reported its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a significant decline in quarterly performance. The Board of Directors approved these results at their meeting held on February 12, 2026.

Financial Performance Overview

The company's Q3FY26 results reflect challenging market conditions with substantial year-on-year declines in key metrics:

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025 showed mixed results compared to the corresponding period in the previous year:

Expense Structure and Profitability

The company's cost structure for Q3FY26 showed proportional adjustments with the revenue decline. Cost of materials consumed decreased to ₹41,120.56 lakhs from ₹82,870.26 lakhs in Q3FY25. Employee benefit expenses remained relatively stable at ₹2,143.65 lakhs compared to ₹2,163.30 lakhs in the previous year. Finance costs decreased to ₹673.95 lakhs from ₹861.91 lakhs, while depreciation and amortization expenses were ₹1,165.09 lakhs versus ₹1,361.57 lakhs in Q3FY25.

Regulatory Compliance Update

The company addressed regulatory matters in its board meeting, specifically regarding non-compliance notices from BSE and NSE under Regulation 17(1A) of SEBI (LODR) Regulations, 2015. The board maintained that there is no substantive non-compliance and has applied for waiver of penalties levied by both stock exchanges. The application dated December 02, 2025 is currently under examination by BSE Limited.

Corporate Structure and Share Capital

The company's paid-up equity share capital remained unchanged at ₹14,414.73 lakhs with a face value of ₹1 per share. This reflects the share subdivision approved by shareholders on September 6, 2024, where each equity share of ₹10 face value was subdivided into 10 shares of ₹1 face value each. The current share capital consists of 1,44,14,71,680 equity shares of ₹1 face value each.

Nandan Denim Limited has received reaffirmation of its credit ratings from Infomerics Ratings for bank facilities worth ₹339.74 crores, maintaining a stable outlook across long-term and short-term instruments.

Credit Ratings Details

Infomerics Ratings has reaffirmed the credit ratings for Nandan Denim's bank facilities totaling ₹339.74 crores. The rating action covers both long-term and short-term financial instruments of the textile company.

Rating Significance

The reaffirmation of IVR BBB/Stable rating for long-term facilities indicates that Infomerics Ratings views the company as having adequate credit quality with stable outlook. The IVR A3+ rating for short-term facilities reflects satisfactory liquidity position and ability to meet short-term financial obligations.

Regulatory Compliance

The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Shaktidan Gadhavi, Whole-Time Director (DIN: 09004587), demonstrating proper corporate governance practices.

Company Background

Nandan Denim Limited operates in the textile sector and is part of the Chiripal Group. The company maintains its registered office at Survey No. 198/1, 203/2, Saijpur-Gopalpur, Pirana Road, Piplej, Ahmedabad, with corporate office located at Chiripal House, Shivranjani Cross Road, Satellite, Ahmedabad.