AYM Syntex Limited has submitted its quarterly compliance report to BSE and NSE, confirming complete utilization of funds raised through preferential issue without any deviations for the quarter ended December 31, 2025. The textile company filed the mandatory statement under Regulation 32 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Fund Raising Details

The company had raised Rs. 141.76 crore through preferential issue of equity shares on October 29, 2024. CARE Ratings Limited serves as the monitoring agency for the fund utilization, ensuring compliance with the stated objectives and regulatory requirements.

Fund Utilization Breakdown

The company has fully utilized the raised funds across four designated categories as originally planned. The complete deployment of funds demonstrates effective capital allocation and adherence to the stated objectives outlined during the fund raising process.

Regulatory Compliance

The statement was duly reviewed by the company's Audit Committee at its meeting held on February 13, 2026. Both the Audit Committee and auditors provided no adverse comments on the fund utilization, indicating proper deployment of the raised capital.

Key compliance highlights include:

• No deviation in objects or purposes for fund utilization
• Complete utilization of allocated amounts as originally disclosed
• No changes in terms of contracts from the fund raising document
• Timely filing of quarterly compliance report

Corporate Governance

The filing was signed by Company Secretary and Compliance Officer Kaushal Patvi and Chief Financial Officer Abhishek Patwa, demonstrating proper corporate governance practices. The company's adherence to regulatory timelines and complete fund deployment reflects strong financial discipline and management execution capabilities.

AYM Syntex Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging performance with declining revenue and profitability. The synthetic yarn manufacturer's Board of Directors approved these results at their meeting held on February 13, 2026.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 7:00 p.m. and concluded at 8:30 p.m. on February 13, 2026, where directors considered and approved the standalone and consolidated unaudited financial results. The results were prepared under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reviewed by the Audit Committee before board approval.

Financial Performance Overview

The company's financial performance for Q3FY26 showed significant year-over-year declines across key metrics:

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, presented even more concerning trends for the company:

Cost Structure and New Labour Code Impact

Despite the revenue decline, the company's cost management showed mixed results. Cost of raw materials consumed decreased to ₹17,446 lakhs in Q3FY26 from ₹19,572 lakhs in Q3FY25. However, employee benefit expenses increased to ₹2,311 lakhs from ₹2,228 lakhs year-over-year. The company recognized an estimated incremental impact of ₹52.64 lakhs under employee benefits expense due to the implementation of New Labour Codes notified by the Government of India on November 21, 2025.

Corporate Developments and ESOP Allotments

Several significant corporate actions took place during the period:

The proposed merger with Mandawewala Enterprises Limited received "no adverse observations" from BSE and NSE on August 29, 2025. The scheme application was filed with NCLT Mumbai Bench on November 20, 2025.

Auditor Review and Compliance

Price Waterhouse Chartered Accountants LLP conducted the review of both standalone and consolidated financial results. The auditors provided unqualified review reports, confirming that the statements were prepared in accordance with applicable Accounting Standards under Section 133 of the Companies Act, 2013, and disclosed required information under SEBI Listing Regulations.

AYM Syntex operates exclusively in the synthetic yarn business, representing its single reportable segment under Ind AS 108. The company's paid-up equity share capital increased to ₹5,858 lakhs from ₹5,850 lakhs in the previous year, reflecting the ESOP allotments during the period.