Siyaram Silk Mills has announced that its Board of Directors will meet on January 27, 2026, to consider and approve the company's unaudited financial results for the third quarter of FY2026. The meeting will also address the potential declaration of a second interim dividend for the current financial year.

Board Meeting Agenda

The board meeting has been scheduled in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key agenda items include:

Trading Window Closure

In accordance with the company's insider trading code under SEBI (Prohibition of Insider Trading) Regulations, 2015, Siyaram Silk Mills has implemented a trading window closure period. The closure commenced on January 1, 2026, and will remain in effect until 48 hours after the financial results are made public on January 27, 2026.

Regulatory Compliance

The company has notified both BSE Limited and National Stock Exchange of India about the scheduled board meeting through an official communication dated January 20, 2026. The notice was signed by Mahipal Thakur, Company Secretary and Compliance Officer, ensuring adherence to regulatory disclosure requirements.

The upcoming board meeting represents a significant milestone for stakeholders as they await the company's third-quarter performance and potential dividend distribution for the current financial year.

Siyaram Silk Mills Limited , a leading name in India's textile and apparel industry, has reported strong financial results for the second quarter, demonstrating resilience and growth in a dynamic market environment.

Financial Highlights

The company reported a total income of INR 743.00 crores in Q2, marking an 18.1% year-on-year growth compared to INR 629.00 crores in the same quarter last year. For the first half, total income reached INR 1,143.00 crores, reflecting a 19.1% increase from INR 960.00 crores in the previous year's first half.

Key financial metrics for Q2 include:

The company's EBITDA for the quarter stood at INR 145.00 crores with a margin of 19.5%. Profit After Tax (PAT) showed impressive growth, reaching INR 87.00 crores, representing a 27.2% year-on-year increase and a margin of 11.7%.

Business Segment Performance

Siyaram Silk Mills' revenue composition for Q2 was as follows:

Expansion of Retail Footprint

The company continued its retail expansion strategy, focusing on its new brands ZECODE and DEVO:

• Opened 7 new ZECODE stores and 2 new DEVO stores during the quarter
• Total store count now stands at 23 ZECODE and 12 DEVO stores
• These new retail brands generated approximately INR 30.00 crores in revenue for the first half

Dividend Announcement

The Board of Directors has approved an interim dividend of INR 4.00 per share for a face value of INR 2.00 each.

Management Commentary and Outlook

Gaurav Poddar, President and Executive Director of Siyaram Silk Mills, expressed optimism about the company's performance and future prospects. He stated, "We continued to build on the momentum from the first quarter, making healthy progress across our business segments. Our new brands, ZECODE and DEVO, continue to perform well and are receiving strong customer feedback."

The management has revised its revenue guidance for the fiscal year from 10-12% to 12-14%, citing strong performance in the first half.

Market and Industry Trends

The textile and apparel sector witnessed steady growth in Q2, supported by improved consumer confidence and stronger market demand. The early arrival of the festive season boosted retail activity, leading to higher footfalls and better sales performance.

The recent reduction in GST rates for selected apparel categories is expected to further lift consumer sentiment and encourage more spending, potentially benefiting companies like Siyaram Silk Mills.

Conclusion

Siyaram Silk Mills Limited's Q2 results demonstrate the company's ability to capitalize on market opportunities and execute its growth strategies effectively. With a strong financial performance, expanding retail footprint, and positive outlook, the company appears well-positioned to continue its growth trajectory in the coming quarters.

Investors and industry observers will be keen to watch how Siyaram Silk Mills leverages its brand strength and retail expansion to drive further growth, particularly in the context of evolving market dynamics and consumer preferences in the textile and apparel sector.