Orbit Exports Limited has successfully concluded the postal ballot process for the appointment of Ms. Raveena Modi as a director, with shareholders overwhelmingly approving her appointment on December 18, 2025. The company had earlier issued a corrigendum to clarify the appointment details following an inadvertent error in the initial filing.

Postal Ballot Results

The postal ballot conducted through remote e-voting concluded with strong shareholder support for Ms. Modi's appointment:

Key Details of the Appointment

Professional Background

Ms. Raveena Modi brings substantial expertise to Orbit Exports' board:

• Education: LL.B. from Government Law College, Mumbai; Qualified Company Secretary
• Experience: Over 9 years in corporate and commercial litigation, insolvency proceedings, and regulatory compliance
• Expertise: Legal risk management, governance, and strategic advisory
• Notable Contribution: Participated in SEBI's Working Group, contributing to regulatory policy

Regulatory Compliance

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. The company engaged National Securities Depository Limited (NSDL) for the remote e-voting facility, with CS Komal Shrimankar serving as the scrutinizer for the voting process.

The appointment addresses the company's earlier corrigendum that clarified Modi's initial appointment as an Additional Director in the "Non-Executive" category, with subsequent transition to Independent Director status upon registration in the Independent Directors Data Bank. This development strengthens Orbit Exports' board composition and demonstrates strong shareholder confidence in the company's governance decisions.

Orbit Exports Limited, a prominent player in the textile industry, has reported a robust financial performance for the first quarter of the fiscal year. The company's consolidated net profit surged by 53% year-on-year, reaching 150 crore rupees, compared to 98 crore rupees in the same period last year.

Revenue Growth

The company's revenue also witnessed significant growth, increasing by 27% year-on-year to 659 crore rupees from 519 crore rupees in the previous year. This substantial rise in both revenue and profit underscores Orbit Exports' strong market position and operational efficiency.

EBITDA Performance

Orbit Exports achieved an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of 189 crore rupees in Q1, representing a year-over-year increase from 151 crore rupees. This 25% growth in EBITDA demonstrates the company's ability to enhance its operational performance.

Margin Analysis

Despite the impressive growth in absolute earnings, the EBITDA margin showed a slight decline of 27 basis points, standing at 28.75% compared to 29.02% in the same period last year. This marginal decrease in margin suggests that while the company has successfully expanded its operations, it has faced some pressure on profitability.

Segment Performance

According to the consolidated segment reporting provided in the financial results:

The textile business remains the primary driver of the company's performance, contributing significantly to both revenue and profitability.

Balance Sheet Highlights

As of June 30:

• Total Segment Assets: 34,763.73 crore rupees
• Total Segment Liabilities: 5,906.23 crore rupees

Management Commentary

Pankaj Seth, Chairman and Managing Director of Orbit Exports Limited, stated, "We are pleased with our strong start to the fiscal year, with significant growth in both revenue and profitability. Our focus on operational excellence and market expansion continues to yield positive results."

Corporate Governance

The Board of Directors has recommended the re-appointment of Mr. Varun Daga as a Non-Executive, Non-Independent Director, subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 2.

Conclusion

Orbit Exports Limited's Q1 results demonstrate strong growth across key financial metrics, positioning the company well for the remainder of the fiscal year. The management's focus on both the core textile business and strategic investments appears to be paying dividends, reflected in the company's robust financial performance.