LWS Knitwear , a prominent player in the knitwear industry, has made significant announcements regarding its leadership and corporate governance structure. The company has taken steps to ensure continuity in its management and strengthen its compliance processes.

Reappointment of Managing Director

In a move that signals confidence in the current leadership, LWS Knitwear has reappointed Mr. Girish Kapoor as the Managing Director for an extended term. The reappointment, which takes effect from September 1, 2026, is for a period of five years. This decision underscores the company's commitment to stable leadership and long-term strategic planning.

New Secretarial Auditor Appointed

In addition to the leadership reappointment, the company has also focused on enhancing its corporate governance framework. LWS Knitwear has appointed M/s Bhambri and Associates as its Secretarial Auditor for a five-year term, spanning from the financial year 2025-26 to 2029-30. This appointment was approved in a board meeting held on May 30, 2025.

Profile of the New Secretarial Auditor

M/s Bhambri and Associates brings a wealth of experience to their new role. The firm is led by Mr. Ansh Bhambri, a Fellow member of the Institute of Company Secretaries of India. Mr. Bhambri's expertise spans various crucial areas, including:

• Secretarial matters
• Legal affairs
• SEBI dealings
• Corporate finance
• Project finance

This diverse skill set is expected to contribute significantly to LWS Knitwear's compliance and governance practices.

Annual General Meeting Highlights

The company recently held its 36th Annual General Meeting (AGM) on September 30, 2025. Key resolutions passed at the AGM include:

1. Adoption of the audited financial statements for the year ended March 31, 2025
2. Reappointment of Mrs. Kusum Kapoor as a director
3. Reappointment of Mr. Girish Kapoor as Managing Director with revised remuneration
4. Changes in the remuneration payable to Mrs. Kusum Kapoor, Wholetime Director
5. Approval to enter into a loan agreement with directors Girish Kapoor and Kusum Kapoor, with an option for conversion into equity shares
6. Appointment of the new Secretarial Auditor

All resolutions were passed with the requisite majority, indicating strong shareholder support for the company's decisions.

Shareholder Participation

The AGM saw active participation from shareholders, with 42 members present in person or through proxy. The e-voting process, which was open from September 27 to September 29, 2025, facilitated broader shareholder participation in the decision-making process.

These strategic moves by LWS Knitwear reflect the company's focus on maintaining strong leadership, enhancing corporate governance, and ensuring compliance with regulatory requirements. As the company moves forward with these changes, stakeholders will be keenly watching how these decisions impact its performance and market position in the coming years.

LWS Knitwear Limited announced its financial results for the first quarter of fiscal year 2026, revealing a significant revenue decline but improved profitability margins.

Revenue and Profit

The textile company reported a revenue of ₹13.07 crore for Q1 FY2026, marking a 24.8% decrease from ₹17.38 crore in the same quarter of the previous fiscal year. Despite the revenue drop, LWS Knitwear managed to limit the impact on its bottom line, with net profit declining by 15.8% to ₹27.23 lakh compared to ₹32.33 lakh in Q1 FY2025.

Margin Improvements

LWS Knitwear demonstrated operational improvements in the face of revenue challenges:

• Gross profit margin increased to 9.40% from 5.10% year-over-year
• Operating margins slightly improved to 2.70% from 2.50%

These improvements suggest effective cost management strategies implemented by the company.

Cost Optimization

The company's efforts in cost optimization were evident in several areas:

• Material costs decreased to ₹11.85 crore from ₹16.50 crore
• Other expenses reduced significantly to ₹0.09 crore from ₹0.54 crore

These reductions helped offset the pressure from declining revenues.

Financial Position

LWS Knitwear's financial position showed some notable changes:

• Paid-up equity share capital increased to ₹14.63 crore from ₹5.06 crore
• Reserves grew to ₹15.99 crore from ₹7.45 crore

However, earnings per share (EPS) dropped to ₹0.19 from ₹0.64 in the previous year, primarily due to the increase in share capital.

Segment Information

The company continues to operate in a single segment, focusing solely on textiles.

Board Meeting and Auditor's Review

The Board of Directors approved the unaudited financial results for Q1 FY2026 in a meeting held on August 14, 2025. The meeting commenced at 10:00 A.M. and concluded at 11:30 A.M. The limited review report by the statutory auditor, Parmod G. Gupta & Associates, stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

LWS Knitwear's ability to improve margins and manage costs in a challenging revenue environment demonstrates the company's resilience. However, the significant revenue decline may prompt investors to closely monitor the company's performance in the coming quarters for signs of a potential turnaround in top-line growth.