Ambika Cotton Mills has scheduled its 38th Annual General Meeting for September 29, 2026. The meeting will be conducted via video conferencing without physical presence.

The Board of Directors recommended a dividend of ₹37 per equity share with a face value of ₹10 each for the financial year ended March 31, 2026. This represents a 370% dividend payout. The proposal requires shareholder approval at the upcoming AGM.

Dividend and Tax Implications

Dividend income is taxable in the hands of shareholders following the abolition of Dividend Distribution Tax effective April 1, 2020. The company will deduct tax at source (TDS) on dividend payments.

Shareholders must furnish necessary documents or declarations to enable TDS deduction. The deadline for submitting these details to the Registrar and Share Transfer Agent (MUFG Intime India Private Limited) and the company is September 22, 2026.

Shareholder Instructions

Members are urged to update their email addresses and bank account mandates for receiving dividends via Electronic Clearing Service (ECS).

• Shareholders holding shares in demat form should update details with their Depository Participants.
• Shareholders holding physical shares must submit Form ISR-1 to the RTA.

The Notice for the 38th AGM and the Annual Report for FY26 are available on the company website and stock exchange portals. Remote e-voting facilities will be provided as per regulatory guidelines.

Ambika Cotton Mills Limited reported a net profit of ₹25.70 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 61% increase from ₹15.92 crore in the corresponding period of FY26. Revenue from operations surged 34% year-on-year to ₹257.92 crore, up from ₹191.98 crore previously, reflecting strong demand in the textile segment. EBITDA for the quarter rose to ₹394M from ₹269M in the year-ago period, with the EBITDA margin expanding to 15.28% from 14.03%, signalling improved operational efficiency.

The Board of Directors approved the unaudited financial results at a meeting held on August 08, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, S. Krishnamoorthy & Co., pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Profit before tax stood at ₹34.54 crore, compared to ₹21.31 crore in Q1FY26. Total tax expense increased to ₹8.84 crore from ₹5.39 crore in the prior year quarter. Earnings per share (basic and diluted) rose to ₹44.89 from ₹27.81 in the same period last year. The key financial metrics for the quarter are summarised below:

The EBITDA performance further underscores the quarter's operational strength, as presented below:

Operational Updates

The company announced plans to modernize its Unit IV plant with state-of-the-art machinery at an estimated cost of ₹135 crore, funded through internal accruals. This upgrade aims to enhance spinning capacity from 43,000 spindles to 45,000 spindles, improving productivity and quality. However, implementation faces delays due to the West Asia crisis. Shipments of certain equipment from Germany are delayed in transit and are expected to arrive in the first week of September 2026. Upon receipt, 6,480 spindles will be operationalized.

Key Highlights

While revenue growth was robust, other expenses included a foreign currency fluctuation loss of ₹41.09 lakh representing a mark-to-market (MTM) loss. This indicates exposure to currency volatility, which impacted the bottom line slightly, though operational strength offset this headwind. The company operates solely in the textiles segment and has no subsidiaries or joint ventures. Public shareholding remained stable at 49.65%, while promoters and promoter group held 50.35% of the total share capital, with no pledged shares reported as of June 30, 2026.