E-Land Apparel Limited announced the outcome of its board meeting held on March 12, 2026, regarding the approval of postal ballot proceedings under SEBI Listing Regulations. The meeting, which commenced at 3.00 P.M. and concluded at 4.00 P.M., addressed key governance matters requiring shareholder approval.

Board Meeting Decisions

The board of directors considered and approved several important items during the meeting:

Postal Ballot Process

The company has initiated the postal ballot process in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board appointed M/s Makarand M. Joshi & Co., Practicing Company Secretaries, as scrutinizer to ensure the postal ballot process is conducted in a fair and transparent manner.

Shareholder Communication

E-Land Apparel Limited will communicate comprehensive details to shareholders in due course, including:

• Postal Ballot Notice with complete information
• Remote e-voting schedule and procedures
• Cut-off date for eligible voting members
• Necessary instructions for participating in the voting process

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI Listing Regulations, demonstrating the company's commitment to maintaining transparency and regulatory compliance. The formal communication was addressed to the General Manager, Listing Department, BSE Limited, with the company's scrip code 532820.

Managing Director Dongju Kim, with DIN 08060629, signed the official communication on behalf of the board. The company maintains its registered office at 16/2B, Sri Vinayaka Industrial Estate, Singasandra Near Dakshin Honda Showroom, Hosur Road, Bangalore, Karnataka 560068.

E-Land Apparel Limited has reported a net loss of ₹1,247.79 lakhs for the third quarter of fiscal year 2026, compared to a profit of ₹312.85 lakhs in the corresponding quarter of the previous year. The company's board of directors approved these unaudited financial results during their meeting held on February 11, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's revenue from operations declined to ₹6,599.23 lakhs in Q3FY26 from ₹6,725.21 lakhs in Q3FY25, representing a year-on-year decrease. For the nine months ended December 31, 2025, the company reported a cumulative loss of ₹3,698.15 lakhs against a profit of ₹665.58 lakhs in the corresponding period of the previous year.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, revenue from operations decreased to ₹17,244.66 lakhs from ₹19,683.35 lakhs in the previous year. The company's total expenses for the nine-month period increased to ₹21,655.21 lakhs compared to ₹19,718.99 lakhs in the corresponding period last year.

Going Concern and Auditor's Observations

The independent auditor's review report by Singhi & Co. Chartered Accountants highlighted material uncertainty regarding the company's ability to continue as a going concern. The auditor noted that accumulated losses have eroded the net worth of the company as of December 31, 2025. However, the financial results have been prepared on a going concern basis, with the holding company confirming financial support to ensure business continuity.

Earnings Per Share and Capital Structure

The company reported a basic and diluted loss per share of ₹2.60 for Q3FY26, compared to earnings per share of ₹0.65 in Q3FY25. The paid-up equity share capital remained unchanged at ₹4,799.05 lakhs with a face value of ₹10 per share.

Regulatory Compliance and Board Meeting Details

The board meeting was chaired by Managing Director Dongju Kim and commenced at 3:00 PM, concluding at 5:00 PM on February 11, 2026. The company has filed the outcome with BSE Limited under scrip code 532820, complying with Regulation 30 & 33 of the SEBI Listing Regulations. The company operates in the garments segment as its sole reportable business division.