Orbit Exports Limited has issued a corrigendum to clarify the appointment details of Ms. Raveena Modi as a director of the company. The correction addresses an inadvertent error in the initial filing regarding the effective date and category of Modi's appointment.

Key Details of the Appointment

Professional Background

Ms. Raveena Modi brings a wealth of experience to Orbit Exports:

• 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

Correction Details

The company initially reported Modi's appointment as an Additional Director in the category of "Non-Executive Independent Director" effective September 27, 2025. However, the corrected information states:

1. Modi is appointed as an Additional Director in the "Non-Executive" category from September 27, 2025.
2. She will transition to an Independent Director role upon her registration in the Independent Directors Data Bank.
3. Her five-year term as a director will conclude on September 26, 2030, subject to member approval.

Company's Statement

Orbit Exports emphasized that this corrigendum is filed to ensure accurate disclosure in compliance with the Companies Act, 2013 and SEBI LODR Regulations. The company has requested that the earlier filing be treated as superseded to the extent of the stated corrections.

This clarification underscores Orbit Exports' commitment to transparency and regulatory compliance in its corporate governance practices. Shareholders and potential investors should take note of this updated information regarding the company's board composition and director appointments.

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.