Kamadgiri Fashion promoter Asha Devi Goenka has disclosed the acquisition of equity shares in the company through open market transactions. The disclosure was made pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share acquisition transaction involved 60,294 equity shares, representing 1.03% of the company's total share capital. The transaction was executed on March 10, 2026, through open market operations.

Shareholding Changes

Prior to this transaction, Asha Devi Goenka held 54,000 shares in Kamadgiri Fashion Limited, representing 0.92% of the total voting capital. Following the acquisition of 60,294 shares, her holding has increased to 1,14,294 shares.

Company Capital Structure

The company's equity share capital structure remains unchanged following this transaction. Kamadgiri Fashion Limited maintains its total equity share capital at Rs. 5,86,93,710, consisting of 58,69,371 equity shares with a face value of Rs. 10 each.

Regulatory Compliance

The disclosure was submitted to BSE Limited, where Kamadgiri Fashion Limited shares are listed under scrip code 514322. As a promoter of the company, Asha Devi Goenka is required to disclose substantial changes in shareholding under SEBI regulations. The transaction represents an increase in promoter holding through open market acquisitions, maintaining transparency in shareholding patterns as mandated by regulatory requirements.

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.