Sai Silks (Kalamandir) Limited, a prominent player in the Indian textile and retail sector, 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 board of directors approved the financial statements, which were recommended by the Audit Committee and reviewed by statutory auditors.

Strong Quarter-on-Quarter Performance

The company has demonstrated substantial growth in its financial performance compared to the same period last year. Here's a breakdown of the key financial highlights:

The remarkable increase in total income and net profit after tax showcases the company's strong market position and operational efficiency.

Half-Yearly Performance

For the first half of FY2026, Sai Silks (Kalamandir) continued its growth trajectory:

This substantial year-on-year growth in total income for the half-year period indicates consistent performance and market expansion.

Financial Position

As of September 30, 2025, the company reported:

• Total Assets: ₹1,802.18 crores
• Cash and Cash Equivalents: ₹38.52 crores

The robust asset base and healthy cash position suggest a strong financial foundation for the company's operations and future growth initiatives.

Corporate Governance and Compliance

In line with regulatory requirements, Sai Silks (Kalamandir) Limited has submitted the following documents to the stock exchanges:

1. Unaudited financial results for Q2 and H1 FY2026
2. Statement of Assets and Liabilities as of September 30, 2025
3. Cash Flow Statement for the half-year ended September 30, 2025
4. Limited Review Report on the Financial Results by statutory auditors

The company's board meeting to approve these results commenced at 02:30 PM and concluded at 4:00 PM on October 27, 2025, as per the disclosure made to the stock exchanges.

Market Implications

The significant improvement in Sai Silks (Kalamandir)'s financial performance may be attributed to various factors such as increased consumer spending, expansion of retail presence, or improved operational efficiencies. The substantial growth in net profit, in particular, could indicate effective cost management strategies or higher-margin product sales.

As the textile and retail sectors continue to evolve in India, Sai Silks (Kalamandir)'s strong financial results position it well for future growth and market opportunities. However, stakeholders should also consider broader economic factors and industry trends when assessing the company's long-term prospects.

Sai Silks (Kalamandir) Limited has officially addressed and dismissed recent market speculation regarding a potential merger with Kalamandir Fashions. The company has categorically stated that it has no plans for such a combination, putting to rest rumors that had been circulating in the fashion retail sector.

Clarification on Merger Speculation

In a move to maintain transparency and provide clarity to its stakeholders, Sai Silks has taken a proactive stance in addressing the merger rumors. The company's statement serves to quell any uncertainty that may have arisen from the speculation about a possible consolidation with Kalamandir Fashions.

Market Implications

This clarification from Sai Silks is significant for investors and market watchers who closely follow developments in the Indian fashion retail space. By decisively ruling out the merger possibility, the company has:

• Eliminated uncertainty surrounding its corporate strategy
• Reaffirmed its commitment to its current business model and growth plans
• Provided clear information to help stakeholders make informed decisions

Company Stance

Sai Silks' prompt response to the merger rumors demonstrates the company's commitment to maintaining open communication with its investors and the market at large. This transparency is crucial in the retail sector, where market sentiment can be sensitive to corporate developments and industry consolidation rumors.

While the company has not provided additional details about its future plans or strategies in this statement, the clear denial of merger plans allows stakeholders to focus on Sai Silks' existing operations and performance without the distraction of unfounded merger speculation.

Investors and industry observers will likely continue to monitor Sai Silks for any further developments or strategic initiatives that the company may pursue independently in the competitive Indian fashion retail market.