Jagruti Synthetics Private Limited has disclosed a reduction in its shareholding in kamadgiri fashion Limited through open market transactions, as per regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The company sold 52,871 shares of Kamadgiri Fashion Limited on March 5, 2026, through open market transactions. This sale represents 0.90% of the total share capital of the target company.

Shareholding Changes

The transaction resulted in a significant change in Jagruti Synthetics' ownership position in Kamadgiri Fashion Limited. The company's shareholding decreased from 4.47% to 3.57% following the sale.

Company Structure and Capital

Kamadgiri Fashion Limited maintains a total equity share capital of Rs. 5,86,93,710, comprising 58,69,371 shares at Rs. 10 each. The share capital structure remained unchanged following this transaction, with only the ownership distribution being affected.

Jagruti Synthetics Private Limited belongs to the promoter group of Kamadgiri Fashion Limited, making this disclosure mandatory under SEBI regulations. The company's shares are listed on BSE Limited under scrip code 514322.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose substantial changes in shareholding patterns to ensure market transparency and investor protection.

Kamadgiri Fashion Limited has reported its unaudited financial results for the third quarter ended December 31, 2025, revealing a notable decline in both revenue and profitability compared to the corresponding period last year. The textile company's performance reflects challenging market conditions during the quarter.

Board Meeting and Regulatory Compliance

The company's Board of Directors convened on February 4, 2026, to approve the quarterly financial results under Regulation 33 of SEBI Listing Regulations. The meeting commenced at 11:30 AM and concluded at 1:00 PM, with the unaudited financial results being reviewed by the Audit Committee and statutory auditors DMKH & Co., Chartered Accountants.

Financial Performance Overview

The company's financial metrics for Q3FY26 showed mixed results across key parameters:

Quarterly Revenue and Profitability Analysis

Revenue from operations declined significantly to ₹3,501.74 lakhs in Q3FY26 from ₹4,463.99 lakhs in the same quarter last year. Other income remained minimal at ₹3.58 lakhs compared to ₹2.47 lakhs in the previous year. The company's profit before tax stood at ₹99.82 lakhs, down from ₹136.99 lakhs in Q3FY25.

Net profit for the quarter was ₹66.48 lakhs, representing a substantial decrease from ₹100.31 lakhs achieved in the corresponding quarter of FY25. This decline directly impacted the earnings per share, which dropped to ₹1.13 from ₹1.71 in the previous year.

Nine-Month Performance Comparison

The nine-month period ended December 31, 2025, also reflected similar trends:

Cost Structure and Operational Expenses

The company's expense management showed some positive developments despite revenue challenges. Total expenses for Q3FY26 were ₹3,405.50 lakhs compared to ₹4,329.47 lakhs in Q3FY25. Key expense components included:

• Cost of materials consumed: ₹2,016.00 lakhs (Q3FY26) vs ₹2,100.58 lakhs (Q3FY25)
• Employee benefits expense: ₹349.78 lakhs vs ₹263.88 lakhs
• Job charges: ₹845.42 lakhs vs ₹878.17 lakhs
• Finance costs: ₹56.74 lakhs vs ₹63.32 lakhs

Impact of New Labour Codes

A significant development affecting the company's financials was the implementation of new labour codes by the Government of India, effective November 21, 2025. Kamadgiri Fashion recognized incremental estimated obligations of ₹49.42 lakhs for employees' past services under employee benefits expense. This adjustment was made based on actuarial valuation and best estimates in accordance with Ind AS 19 guidelines.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026. The results were also reviewed by statutory auditors DMKH & Co., Chartered Accountants, who provided their limited review report. The company maintains its focus solely on the textile business with no separate reportable segments as per Ind AS 108.