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Euro Leder Fashion Ltd (526468)

📊 BSE: 526468 🏢 Gems, Jewellery And Watches 📢 Latest filing: 31 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Euro Leder's revenue was ₹6.9 Cr (+28.2% year on year, -13.7% on the previous quarter), and net profit ₹0.0 Cr (-75.0% year on year); the operating margin was 6.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹6.9	+28.2%	-13.7%
Operating profit	₹0.4	from loss	+591.8%
Net profit	₹0.0	-75.0%	from loss
EPS (₹)	0.03	-72.7%	from loss
Operating margin	6.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Euro Leder Fashion Schedules 34th AGM for Sept 24, 2026; Sets Sept 17 Cut-Off Date

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 03:52 PM

Euro Leder Fashion Ltd has announced that its 34th Annual General Meeting (AGM) will be held virtually on September 24, 2026. The company has fixed September 17, 2026, as the cut-off date to determine shareholder voting entitlement. The register of members and share transfer books will remain closed from September 18 to September 24, 2026. Remote e-voting is scheduled to run from September 21 to September 23, 2026.

34th Annual General Meeting scheduled for September 24, 2026, at 11:00 AM via VC/OAVM
Cut-off date for e-voting entitlement fixed as September 17, 2026
Book closure period set from September 18, 2026, to September 24, 2026
Remote e-voting window runs from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)

💡 Shareholders interested in voting on AGM agenda items should ensure their holdings are settled by the September 17, 2026 cut-off date.

Euro Leder Fashion Schedules 34th AGM on Sept 24, 2026; Book Closure Sept 18-24

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 03:49 PM

Euro Leder Fashion Ltd has announced that its 34th Annual General Meeting (AGM) will be conducted via Video Conferencing on September 24, 2026, at 11:00 AM IST. The Register of Members and Share Transfer Books will remain closed from September 18 to September 24, 2026, for the AGM. The cut-off date to determine shareholder voting entitlement is September 17, 2026. Remote e-voting will be available from September 21, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST).

34th AGM scheduled for September 24, 2026, at 11:00 AM IST via VC/OAVM
Share transfer books closed from September 18, 2026, to September 24, 2026
E-voting cut-off date fixed as September 17, 2026
Remote e-voting period runs from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)

💡 Shareholders seeking to vote on AGM agenda items should ensure holdings are settled by the September 17, 2026 cut-off date.

Euro Leder Fashion Convenes 34th AGM on Sept 24, 2026; Proposes MD Appointment

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 03:44 PM

Euro Leder Fashion Ltd has issued notice for its 34th Annual General Meeting (AGM) scheduled for September 24, 2026, via Video Conferencing. Key agenda items include the formal appointment of Mr. RM Lakshmanan as Managing Director for a 5-year term from June 27, 2026 to June 26, 2031, and the re-appointment of Mr. Ravindran Varadarajan as an Independent Director for 5 years. The company's Register of Members and Share Transfer Books will remain closed from September 18, 2026 to September 24, 2026 for the purpose of the AGM.

34th AGM scheduled to be held virtually on September 24, 2026 at 11:00 AM IST
Proposed appointment of Mr. RM Lakshmanan as MD for 5 years effective June 27, 2026 to June 26, 2031
Proposed re-appointment of Independent Director Mr. Ravindran Varadarajan for a 5-year term from November 9, 2026
Book closure period fixed from September 18, 2026 to September 24, 2026 (both days inclusive)

💡 Eligible shareholders can participate in remote e-voting and review the FY26 Annual Report available on the company website.

Euro Leder Fashion Convenes 34th AGM on Sep 24, 2026; MD Re-appointment on Agenda

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 03:40 PM

Euro Leder Fashion Ltd has issued a notice convening its 34th Annual General Meeting on September 24, 2026, via video conferencing. Key resolutions include the adoption of FY26 financial statements, the appointment of Mr. RM Lakshmanan as Managing Director for a 5-year tenure effective June 27, 2026, and the re-appointment of an Independent Director. The Register of Members and Share Transfer Books will be closed from September 18, 2026, to September 24, 2026.

34th Annual General Meeting scheduled for September 24, 2026, at 11:00 AM IST via VC/OAVM
Proposal to appoint Mr. RM Lakshmanan as Managing Director for 5 years from June 27, 2026, to June 26, 2031
Proposal to re-appoint Mr. Ravindran Varadarajan as Independent Director for 5 years from November 9, 2026
Share transfer books and register of members closed from September 18, 2026, to September 24, 2026

💡 Shareholders eligible to vote can participate through the CDSL e-voting portal prior to or during the AGM on September 24, 2026.

Euro Leder Fashion Issues FY26 Annual Report, Schedules 34th AGM on Sept 24, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 03:34 PM

Euro Leder Fashion Limited has submitted its Annual Report for FY 2025-26 and convened its 34th Annual General Meeting for September 24, 2026. Key agenda items include the approval of audited financial statements, the appointment of Mr. RM Lakshmanan as Managing Director for 5 years from June 27, 2026, and the re-appointment of Independent Director Mr. Ravindran Varadarajan. The Board did not recommend any dividend for FY26. The notes also disclose an exceptional employee benefit impact of Rs 78.94 lakhs due to the implementation assessment of new Labour Codes.

34th Annual General Meeting scheduled for Thursday, September 24, 2026 via VC/OAVM
Appointment of Mr. RM Lakshmanan as Managing Director for 5 years (effective June 27, 2026 to June 26, 2031)
Re-appointment of Independent Director Mr. Ravindran Varadarajan for a second 5-year term from November 9, 2026
Exceptional item of Rs 78.94 lakhs recognized towards incremental employee benefits under Labour Codes assessment
No dividend recommended for FY25-26 due to operating performance

💡 Track shareholder voting results following the AGM on September 24, 2026, and monitor upcoming Q2 FY27 earnings for profitability recovery.

Euro Leder Fashion Reports Zero Deviation in IPO Fund Utilization for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 12 Aug 2026, 05:52 PM

Euro Leder Fashion Ltd has confirmed that there were no deviations or variations in the use of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2026. The company stated that the funds were utilized strictly for the purposes mentioned in the prospectus. This filing is a mandatory regulatory requirement under SEBI (LODR) Regulation 32. With a small market capitalization of Rs 11 Cr and a TTM revenue of Rs 27 Cr, such filings are routine administrative procedures to ensure transparency.

Reporting period: Quarter ended June 30, 2026
Deviation or variation in fund usage: Nil
Compliance with SEBI (LODR) Regulation 32 confirmed
Proceeds utilized as per the original IPO prospectus

💡 No action is required as this is a routine compliance filing. Investors should focus on the company's upcoming financial results to see if capital deployment improves the current -0.2% operating margin.

Euro Leder Fashion Q1 Net Profit Drops 76% to ₹1.25 Lakhs Despite 28% Revenue Growth

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:45 PM

Euro Leder Fashion reported a 28.2% YoY increase in net sales to ₹6.91 Cr for Q1 FY27. However, net profit plummeted to just ₹1.25 lakhs from ₹5.22 lakhs in the year-ago period, reflecting a razor-thin net margin of 0.18%. Total expenses consumed 99% of total income, driven by a rise in other expenditures to ₹2.89 Cr. The company also announced the resignation of Independent Director Mrs. K. Ashitha effective August 7, 2026.

Net Sales increased 28.2% YoY to ₹6.91 Cr from ₹5.39 Cr in June 2025.
Net Profit declined 76% YoY to ₹1.25 lakhs from ₹5.22 lakhs.
Total expenses reached ₹6.94 Cr, nearly equaling the total income of ₹7.01 Cr.
Other Expenditure rose significantly to ₹2.89 Cr compared to ₹1.34 Cr in the same quarter last year.
Independent Director Mrs. K. Ashitha resigned from the board and all sub-committees effective August 7, 2026.

💡 Investors should monitor the company's ability to manage operating costs, as current margins provide almost no cushion for volatility. Watch for the appointment of a new Independent Director to ensure board committee compliance.

Q1 Net Profit Drops 76% to ₹1.25 Lakhs Despite 28% Revenue Growth

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 12 Aug 2026, 05:35 PM

Euro Leder Fashion Ltd reported a 28.1% YoY increase in revenue to ₹6.91 Cr for the quarter ended June 30, 2026. However, net profit fell sharply by 76% YoY to just ₹1.25 Lakhs, down from ₹5.22 Lakhs in the same period last year. This margin compression was driven by a significant spike in 'Other Expenditure', which more than doubled to ₹2.89 Cr. Additionally, the company announced the resignation of Independent Director Mrs. K. Ashitha effective August 7, 2026.

Net Sales grew 28.1% YoY to ₹6.91 Cr from ₹5.39 Cr in the previous year's quarter
Net Profit declined 76% YoY to ₹1.25 Lakhs from ₹5.22 Lakhs
Other Expenditure surged to ₹2.89 Cr, representing 41.8% of total revenue compared to 24.8% in Q1 FY26
Earnings Per Share (EPS) for the quarter stood at ₹0.03, down from ₹0.13 YoY
Independent Director Mrs. K. Ashitha resigned effective August 7, 2026, citing personal commitments

💡 Investors should monitor the 'Other Expenditure' line item in future quarters to see if the current margin pressure is temporary or structural. Given the micro-cap nature (₹11 Cr market cap) and thin profitability, execution on cost control is critical.

Resignation of Independent Director Mrs. Ashitha K Effective August 7, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Aug 2026, 05:54 PM

Mrs. Ashitha K has resigned from her position as an Independent Director of Euro Leder Fashion Ltd effective August 7, 2026, citing personal commitments. Consequently, she has also stepped down from her roles in the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The company, a micro-cap with a market capitalization of Rs 11 Cr, reported a TTM revenue of Rs 27 Cr and near-zero profitability (TTM PAT Rs 0.02 Cr). The director has confirmed there are no other material reasons for her departure.

Resignation of Independent Director effective from August 7, 2026
Vacated positions in 3 key board committees: Audit, NRC, and Stakeholders Relationship
Company maintains a small market capitalization of Rs 11 Cr
TTM Revenue stands at Rs 27.34 Cr with a marginal net profit of Rs 0.02 Cr in FY26

💡 Monitor the company's upcoming filings for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition regulations.

Euro Leder Fashion to consider Q1 FY27 results on August 12, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 31 Jul 2026, 03:40 PM

Euro Leder Fashion Ltd has scheduled a board meeting for August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of only Rs 8 Cr and has been struggling with profitability, reporting a net loss of Rs 0.12 Cr in the most recent March 2026 quarter. With a TTM operating margin of -0.2% and debt of Rs 12 Cr, the upcoming results are critical for assessing the company's ability to service its obligations.

Board meeting scheduled for August 12, 2026, at 4:00 p.m. in Chennai
Review of unaudited financial results for the quarter ended June 30, 2026
Company reported a marginal TTM PAT of Rs 0.02 Cr on revenue of Rs 27.34 Cr in FY26
Debt-to-equity ratio stands at 0.80 with total debt of Rs 12 Cr
Promoter holding has remained stagnant at 40.97% as of June 2026

💡 Monitor the August 12 results specifically for operating profit margins and interest coverage, given the company's high debt relative to its small market cap.

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