Gini Silk Mills Limited , a renowned textile company, has announced the appointment of Ms. Sneha Kumari as its new Company Secretary and Compliance Officer. The decision was made during a board meeting held on August 25, 2025, at the company's registered office in Mumbai.

Key Appointment Details

Ms. Sneha Kumari, aged 25, brings a fresh perspective to the role with her qualifications and experience:

• Associate Member of the Institute of Company Secretaries of India (Membership Number: A77257)
• Bachelor's degree in Commerce
• Experience in listed company compliances

Board Meeting Highlights

The board meeting, which took place at 413, Jogani Industrial Estate, Opp. Kasturba Hospital, J. R. Boricha Marg, Lower Parel (East), Mumbai, commenced at 5:00 PM and concluded at 5:30 PM. The key decision made during this meeting was the appointment of Ms. Kumari, effective from August 25, 2025.

Company Background

Gini Silk Mills Limited, an IS/ISO 9001:2015 certified company, has been in the textile industry since 1963. The company, known for its fine fabrics, has its registered office located at 413, Tantia Jogani Industrial Premises, (Sitaram Mill Compound), N. M. Joshi Marg, Lower Parel (East), Mumbai - 400011.

Management Statement

Mr. Deepak Harlalka, the Managing Director of Gini Silk Mills Limited, signed off on the appointment, demonstrating the management's confidence in Ms. Kumari's abilities to fulfill the role of Company Secretary and Compliance Officer.

This appointment is expected to strengthen Gini Silk Mills' corporate governance and compliance framework, aligning with the company's commitment to maintaining high standards in its operations and stakeholder relations.

Gini Silk Mills Limited , a textile company specializing in fine fabrics, has released its unaudited financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The company reported a mixed performance with increased revenue but a decline in profitability compared to the same quarter last year.

Financial Highlights

• Revenue from operations increased to Rs 913.83 lakhs, up from Rs 873.80 lakhs in Q1 FY25, marking a 4.58% year-over-year growth.
• Net profit decreased to Rs 13.85 lakhs, compared to Rs 52.58 lakhs in the corresponding quarter of the previous year, representing a 73.66% decline.
• Total comprehensive income stood at Rs 24.33 lakhs.
• Earnings per share (EPS) decreased to Rs 0.25 from Rs 0.94 in Q1 FY25.

Key Financial Metrics

Operational Performance

The company's financial results indicate a growth in revenue, suggesting an improvement in sales volume or pricing. However, the significant decrease in net profit and EPS points to increased costs or operational challenges during the quarter.

Board Decisions and Appointments

In addition to approving the quarterly results, the Board of Directors made several key decisions:

1. Recommended the appointment of M/s. Sandeep Dar & Co. as Secretarial Auditor for a term of five years, from FY 2025-26 to FY 2029-30.
2. Appointed M/s. Salgia & Co. as Internal Auditor for FY 2025-26.
3. Reviewed the Secretarial Audit Report for FY 2024-25.

Auditor Profiles

• M/s. Sandeep Dar & Co., the proposed Secretarial Auditor, is a sole proprietorship firm based in Vashi, Navi Mumbai, with 35 years of experience in company law, SEBI laws, RBI, FEMA, and Intellectual Property Law.
• M/s. Salgia & Co., the newly appointed Internal Auditor, is a proprietary firm located in Borivali, Mumbai, specializing in budgeting, auditing, tax, and business strategies.

The appointment of these auditors reflects Gini Silk Mills' commitment to maintaining high standards of corporate governance and financial oversight.

The company's board meeting, held on August 12, 2025, commenced at 3:00 PM and concluded at 4:00 PM, during which these financial results were approved and the auditor appointments were made.