Ruby Mills Limited Executes Settlement Agreement for Development Dispute Resolution

Ruby Mills Limited has successfully resolved a significant corporate dispute through the execution of a comprehensive settlement agreement on December 11, 2025. The textile company disclosed this development to stock exchanges on December 12, 2025, in compliance with SEBI Listing Regulations.

Settlement Agreement Details

The settlement agreement was executed under the mediation of Honourable Justice Mr. Sharukh J. Kathawala (Retired), who was appointed as the Mediator under the applicable framework. The agreement resolves matters concerning the Revenue Share Development Agreement between Ruby Mills Limited (the Owner) and Mindset Estates Private Limited (the Developer).

Parameter:	Details
Execution Date:	December 11, 2025
Mediator:	Hon'ble Justice Mr. Sharukh J. Kathawala (Retd.)
Parties:	Ruby Mills Limited (Owner) & Mindset Estates Private Limited (Developer)
Agreement Type:	Revenue Share Development Agreement Settlement

Key Terms and Provisions

The settlement agreement encompasses several critical aspects of the dispute resolution:

Mutual Understanding: The agreement records the mutual understanding arrived at between the parties regarding matters in determining the amount due for cessation of the Development Agreement
Comprehensive Resolution: All rights, obligations, asset allocations, and responsibilities between the parties have been finally determined as per the terms of the agreement
Full Settlement: The parties have agreed that the settlement agreement shall constitute a full and final settlement, with no further claims subsisting outside the scope of the agreement
Binding Nature: The agreement is binding on all parties involved

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Part A, Para B(4). The company also referenced relevant SEBI circulars including SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025.

Regulatory Aspect:	Details
Primary Regulation:	SEBI LODR Regulation 30
Schedule Reference:	Schedule III, Part A, Para B(4)
Disclosure Date:	December 12, 2025
Compliance Officer:	Anuradha Tendulkar (Mem. No: A55173)

Corporate Governance Impact

Company Secretary and Compliance Officer Anuradha Tendulkar signed the disclosure, stating that the information provided is true, correct, and complete to the best of her knowledge and belief. The disclosure emphasizes the company's commitment to transparency and good corporate governance practices.

This settlement represents a significant milestone for Ruby Mills Limited in resolving the development agreement dispute and provides clarity on the cessation of the Development Agreement with Mindset Estates Private Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.81%	-8.53%	-6.60%	-15.82%	-8.44%	+101.11%

Ruby Mills Limited , a prominent player in the textile and real estate sectors, has reported a remarkable financial performance for the second quarter. The company's results showcase significant growth across key financial metrics, indicating a strong recovery and robust business operations.

Financial Highlights

Ruby Mills demonstrated substantial growth in both revenue and profitability:

Metric	Q2 FY 2025-26	Q2 FY 2024-25	YoY Change
Revenue	₹856.40 crore	₹513.80 crore	+66.7%
Net Profit	₹110.00 crore	₹27.90 crore	+294.3%
EBITDA	₹173.10 crore	₹85.00 crore	+103.6%

Revenue Growth

The company's revenue from operations witnessed a substantial increase of 66.7% year-over-year, rising to ₹856.40 crore from ₹513.80 crore in the same quarter of the previous fiscal year. This significant growth in revenue indicates a strong demand for the company's products and services across its business segments.

Profitability Surge

Ruby Mills' net profit for the quarter showed an impressive jump of 294.3%, reaching ₹110.00 crore compared to ₹27.90 crore in the corresponding quarter of the previous year. This substantial increase in profitability reflects the company's improved operational efficiency and effective cost management strategies.

EBITDA Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) doubled to ₹173.10 crore from ₹85.00 crore in the same period last year, representing a growth of 103.6%. This significant improvement in EBITDA indicates enhanced operational performance and increased profitability at the core business level.

Margin Compression

Despite the overall positive performance, it's worth noting that the EBITDA margin compressed to 20.21% from 16.54% in the previous year. This compression in margin suggests that while the company has significantly increased its revenue and profitability, it may have faced some pressure on its operational costs or pricing.

Segment Performance

As per the company's segmental reporting:

Textiles Segment: Revenue stood at ₹748.64 crore, contributing significantly to the overall revenue.
Real Estate and Related Segment: This segment generated revenue of ₹107.80 crore, complementing the company's primary textile business.

Balance Sheet Position

As of September 30, 2025, Ruby Mills reported:

Total Assets: ₹11,288.97 crore
Total Equity: ₹6,539.30 crore
Total Liabilities: ₹4,749.67 crore

The company maintains a strong balance sheet position, with a healthy equity base supporting its operations and future growth initiatives.

Ruby Mills' impressive Q2 results demonstrate the company's resilience and ability to capitalize on market opportunities. The substantial growth in revenue and profitability, coupled with a strong balance sheet, positions the company well for sustained growth in the coming quarters. However, investors and analysts may want to keep an eye on the EBITDA margin compression and its potential impact on future profitability.