Rishi Techtex Limited , a manufacturer of plastic bags and shade nets, has announced its unaudited financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The company's performance shows a mix of growth and challenges in various financial metrics.

Financial Highlights

All figures in Rs. lakhs

Key Observations

1. Revenue Generation: The company reported a total income of Rs. 5,088.62 lakhs for the first half of FY2026, with Rs. 2,843.00 lakhs contributed in the second quarter alone.

2. Expense Management: Total expenses for the six-month period stood at Rs. 12,255.07 lakhs, significantly higher than the reported income. For Q2, expenses were Rs. 2,805.00 lakhs, nearly matching the quarter's income.

3. Profitability: Despite high expenses, Rishi Techtex managed to record a profit before tax of Rs. 537.66 lakhs for H1 FY2026. However, Q2 saw a much smaller profit before tax of Rs. 21.01 lakhs.

4. Tax Implications: The company reported a current tax expense of Rs. 824.80 lakhs for the six-month period, which exceeds the profit before tax figure.

5. Balance Sheet Strength: As of September 30, 2025, Rishi Techtex's total assets stood at Rs. 8,570.08 lakhs.

6. Cash Flow: The company generated a positive cash flow from operating activities, amounting to Rs. 361.49 lakhs for the six-month period.

Corporate Governance

The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors, as per regulatory requirements. This process ensures transparency and accuracy in financial reporting.

Related Party Transactions

The LODR data reveals that Rishi Techtex engaged in significant related party transactions during the half-year period:

1. Centennial Fabrics Limited:

   • Purchase of goods: Rs. 2,704.37 lakhs
   • Sale of goods: Rs. 215.93 lakhs

2. Key Management Personnel:

   • Rent paid to Smita Harshad Patel: Rs. 1.80 lakhs
   • Remuneration to Abhishek Harshad Patel, Jagdish Dokwal, and Gauri Gangal (amounts not specified in the LODR data)

These transactions highlight the company's business relationships and compensation structures for key personnel.

Conclusion

Rishi Techtex Limited's financial results for Q2 and H1 FY2026 present a complex picture. While the company has maintained profitability, the high expenses relative to income and the significant tax expense warrant attention. The positive operating cash flow is an encouraging sign, indicating the company's ability to generate cash from its core business activities. Investors and stakeholders may want to closely monitor the company's expense management and profitability trends in the coming quarters.

Rishi Techtex Limited , a prominent player in the technical textiles industry, held its 41st Annual General Meeting (AGM) on August 11, 2025, via video conferencing. The shareholders approved several significant resolutions, marking important decisions for the company's future governance and operations.

Re-appointment of Managing Director

One of the key resolutions passed at the AGM was the re-appointment of Mr. Abhishek Patel as the Managing Director of Rishi Techtex Limited. Shareholders approved a special resolution to extend Mr. Patel's tenure for three consecutive years, from April 1, 2026, to March 31, 2029. This decision reflects the company's confidence in Mr. Patel's leadership and vision for the organization's future.

New Secretarial Auditors

In another significant move, the shareholders approved the appointment of Sudhanwa S. Kalamkar & Associates as the company's Secretarial Auditors. This appointment, passed through an ordinary resolution, is for a term of five consecutive financial years, spanning from 2025-26 to 2029-30. The decision underscores the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

Additional Resolutions and Voting Results

The AGM also saw the approval of other important resolutions:

1. Adoption of the audited financial statements for the financial year ended March 31, 2025.
2. Re-appointment of Mrs. Aakanksha Mikhail Verma as a director, who was liable to retire by rotation.
3. Approval of a material transaction with Centennial Fabrics Limited, a related party.

All resolutions were passed with overwhelming majority, demonstrating strong shareholder support for the company's decisions. The e-voting results showed 100% votes in favor for most resolutions, with only the re-appointment of Mr. Abhishek Patel as Managing Director receiving a marginal dissent of 0.0003% votes against.

Attendance and Proceedings

The AGM, conducted through video conferencing in compliance with regulatory guidelines, saw participation from 46 members. Key company officials, including Mr. Abhishek Patel (Chairman and Managing Director), Mrs. Aakanksha Mikhail Verma (Non-Executive Non-Independent Director), and Mr. Kunal Rastogi (Independent Director), attended the meeting virtually.

The meeting, which commenced at 11:00 AM, concluded at 11:40 AM after addressing shareholders' questions and completing all agenda items. Rishi Techtex Limited continues to demonstrate its commitment to transparency and shareholder engagement through these proceedings.

As the company moves forward with these approved resolutions, stakeholders will be keenly watching how these decisions shape Rishi Techtex's future strategies and performance in the dynamic technical textiles market.