Piotex Industries Ltd (544178)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Piotex Industries' revenue was ₹23.5 Cr (-65.7% year on year, -64.7% on the previous half-year), and net profit ₹0.6 Cr (-66.5% year on year); the operating margin was 1.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹23.5 | -65.7% | -64.7% |
| Operating profit | ₹0.3 | -87.6% | +72.2% |
| Net profit | ₹0.6 | -66.5% | +625.0% |
| EPS (₹) | 1.14 | -66.4% | +612.5% |
| Operating margin | 1.3% | — | — |
📢 Recent Corporate Announcements
Piotex Industries has released its FY26 Annual Report and scheduled its 7th Annual General Meeting for September 23, 2026, with a record date of September 16, 2026. The notes to the financial statements disclose a material contingent liability of ₹5.06 crore regarding an income tax demand for AY 2024-25 following search and seizure assessments. Furthermore, the company faces a minimum investment commitment of ₹20 crore within 2 years under its MIDC lease agreement to prevent forfeiture or additional premium penalties. The ₹5.06 crore tax demand is significant, representing ~31.6% of the company's ₹16 crore market capitalization.
- 7th AGM scheduled for September 23, 2026; Record date fixed for September 16, 2026
- Income tax demand of ₹5,06,11,800 for AY 2024-25 contested and under appeal process
- Committed minimum investment of ₹20 crore within 2 years under MIDC lease agreement
- Net defined benefit gratuity liability reported at ₹9.67 lakhs as of March 31, 2026
Piotex Industries Limited has issued the notice and Annual Report for its 7th Annual General Meeting (AGM) scheduled for September 23, 2026, at 11:00 AM via video conferencing. The record date/cut-off date for determining member eligibility to attend and vote is September 16, 2026. Key agenda items are ordinary business, including the adoption of FY26 audited financial statements and the re-appointment of retiring director Mr. Yogesh Omprakash Nimodiya.
- 7th Annual General Meeting scheduled for Wednesday, September 23, 2026, at 11:00 AM IST via VC/OAVM.
- Record date / cut-off date to determine voting eligibility set for Wednesday, September 16, 2026.
- Agenda includes adoption of audited financial statements for FY 2025-26.
- Director Mr. Yogesh Omprakash Nimodiya is proposed for re-appointment, retiring by rotation.
Piotex Industries Limited held a Board meeting on August 26, 2026, to approve procedural items regarding its upcoming Seventh Annual General Meeting (AGM). The AGM will take place on Wednesday, September 23, 2026, at 11:00 AM IST via video conferencing. The Board fixed Wednesday, September 16, 2026, as the cut-off date to determine member eligibility for voting and attendance. Additionally, the Board approved the Directors' Report for FY26 and appointed M/s Nirav Shah & Associates as the scrutinizer.
- 7th Annual General Meeting scheduled for September 23, 2026, at 11:00 AM IST
- Cut-off date for AGM voting and eligibility set for September 16, 2026
- Approved Directors' Report and annexures for the financial year ended March 31, 2026
- Appointed M/s Nirav Shah & Associates as the scrutinizer for the AGM process
Financial Performance
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Strategic Growth
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