Orbit Exports Reports Mixed Q2 FY26 Results, Appoints New Independent Director

2 min read     Updated on 16 Oct 2025, 04:19 PM
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Radhika SScanX News Team
Overview

Orbit Exports Ltd released its Q2 FY26 results, showing a 3.24% decline in quarterly revenue to ₹5,718.73 lakhs, but a 10.86% increase in half-yearly revenue to ₹12,306.38 lakhs. Quarterly net profit decreased by 37.16% to ₹1,005.26 lakhs. The company received interest and power subsidies totaling ₹376.09 lakhs. Ms. Raveena Modi was appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval.

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*this image is generated using AI for illustrative purposes only.

Orbit Exports Ltd , a leading textile company, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance. The company also announced the appointment of Ms. Raveena Modi as a Non-Executive Independent Director.

Financial Performance

The company's consolidated financial results for Q2 FY26 show a decline in revenue but an increase in profitability compared to the same period last year.

Particulars (in ₹ lakhs) Q2 FY26 Q2 FY25 Change (%) H1 FY26 H1 FY25 Change (%)
Revenue from Operations 5,718.73 5,910.32 -3.24% 12,306.38 11,100.74 10.86%
Net Profit After Tax 1,005.26 1,599.72 -37.16% 2,506.11 2,580.49 -2.88%

Despite the quarterly decline, the half-yearly results show a positive trend in revenue growth.

Standalone Performance

On a standalone basis, Orbit Exports reported the following results:

Particulars (in ₹ lakhs) Q2 FY26 Q2 FY25 Change (%) H1 FY26 H1 FY25 Change (%)
Revenue from Operations 5,272.06 5,753.38 -8.37% 11,572.51 10,681.07 8.35%
Net Profit After Tax 902.05 1,578.27 -42.84% 2,327.30 2,501.07 -6.95%

Other Financial Highlights

  • The company's other income for Q2 FY26 included ₹277.79 lakhs from Interest Subsidy and ₹98.30 lakhs from Power Subsidy, which were approved for earlier periods under relevant state government policies.
  • Orbit Exports also received a capital subsidy of ₹54.59 lakhs under the ATUF Scheme, which is being recognized over the useful life of the relevant assets.

Appointment of New Independent Director

The Board of Directors has appointed Ms. Raveena Modi as a Non-Executive Independent Director, effective from October 07, 2025, for a five-year term concluding on September 26, 2030. This appointment is subject to shareholder approval.

Ms. Modi brings over nine years of experience in corporate and commercial litigation, insolvency and bankruptcy proceedings, regulatory compliance, and real estate advisory. She is an LL.B. graduate from Government Law College, Mumbai, and a qualified Company Secretary with a background in Accounting and Finance.

Management Commentary

While the company did not provide specific management commentary in the disclosed information, the financial results indicate resilience in the face of challenging market conditions, particularly evident in the half-yearly performance.

Orbit Exports continues to focus on its core textile business while also maintaining a diversified investment portfolio, as reflected in its segment reporting.

The appointment of Ms. Raveena Modi as an Independent Director suggests the company's commitment to strengthening its corporate governance and bringing diverse expertise to its board.

Investors and stakeholders will be watching closely to see how Orbit Exports navigates the current market dynamics and leverages its strengths to drive growth in the coming quarters.

Historical Stock Returns for Orbit Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+0.98%+2.06%-7.79%+12.21%-29.36%+189.87%
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Orbit Exports Shareholders Approve Ms. Raveena Modi's Director Appointment

1 min read     Updated on 14 Oct 2025, 08:23 PM
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Reviewed by
Riya DScanX News Team
Overview

Orbit Exports Limited successfully concluded its postal ballot process with shareholders overwhelmingly approving Ms. Raveena Modi's appointment as Non-Executive Independent Director with 99.99% votes in favor. The appointment, effective from September 27, 2025, for a five-year term, brings her extensive legal and regulatory expertise to strengthen the company's board composition and governance framework.

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*this image is generated using AI for illustrative purposes only.

Orbit Exports Limited has successfully concluded the postal ballot process for the appointment of Ms. Raveena Modi as a director, with shareholders overwhelmingly approving her appointment on December 18, 2025. The company had earlier issued a corrigendum to clarify the appointment details following an inadvertent error in the initial filing.

Postal Ballot Results

The postal ballot conducted through remote e-voting concluded with strong shareholder support for Ms. Modi's appointment:

Voting Details Results
Total Valid Votes Cast 22,196,870
Votes in Favor 22,196,870
Approval Percentage 99.99%
Voting Period November 19 - December 18, 2025
Results Declared December 19, 2025

Key Details of the Appointment

Aspect Details
Name Ms. Raveena Modi (DIN: 11041551)
Initial Appointment Non-Executive Director (September 27, 2025)
Independent Director Status Effective October 7, 2025
Term Duration 5 years (September 27, 2025 to September 26, 2030)
Rotation Liability Not liable to retire by rotation

Professional Background

Ms. Raveena Modi brings substantial expertise to Orbit Exports' board:

  • Education: LL.B. from Government Law College, Mumbai; Qualified Company Secretary
  • Experience: Over 9 years in corporate and commercial litigation, insolvency proceedings, and regulatory compliance
  • Expertise: Legal risk management, governance, and strategic advisory
  • Notable Contribution: Participated in SEBI's Working Group, contributing to regulatory policy

Regulatory Compliance

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. The company engaged National Securities Depository Limited (NSDL) for the remote e-voting facility, with CS Komal Shrimankar serving as the scrutinizer for the voting process.

The appointment addresses the company's earlier corrigendum that clarified Modi's initial appointment as an Additional Director in the "Non-Executive" category, with subsequent transition to Independent Director status upon registration in the Independent Directors Data Bank. This development strengthens Orbit Exports' board composition and demonstrates strong shareholder confidence in the company's governance decisions.

Historical Stock Returns for Orbit Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+0.98%+2.06%-7.79%+12.21%-29.36%+189.87%
Orbit Exports
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