JAKHARIA FABRIC LIMITED (JAKHARIA)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, JAKHARIA FABRIC's revenue was ₹30.4 Cr (-1.2% year on year, -11.3% on the previous half-year), and net profit ₹1.1 Cr (-53.1% year on year); the operating margin was 8.7%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹30.4 | -1.2% | -11.3% |
| Operating profit | ₹2.6 | -26.1% | -34.3% |
| Net profit | ₹1.1 | -53.1% | -49.5% |
| EPS (₹) | 0.92 | -53.1% | -49.5% |
| Operating margin | 8.7% | — | — |
📢 Recent Corporate Announcements
Jakharia Fabric Limited concluded its 19th Annual General Meeting (AGM) held on September 30, 2026. Shareholders approved the audited financial statements for FY25-26 with 100% of valid votes cast in favour (99,78,699 votes). Additionally, the re-appointment of Managing Director Mr. Nitin K. Shah, who retired by rotation, was approved with 100% of public votes in favour (17,63,199 votes), with interested promoter votes (82,15,500 shares) excluded.
- 100% of valid votes (99,78,699 votes) approved adoption of FY25-26 audited financial statements
- Managing Director Nitin K. Shah re-appointed with 1,763,199 public votes cast in favour (100%)
- 82,15,500 promoter shares treated as interested/invalid for the MD re-appointment resolution
- Total voting participation reached 81.85% of total voting capital for Resolution 1
Jakharia Fabric Limited has issued notice for its 19th Annual General Meeting (AGM), scheduled to take place on September 30, 2026, via Video Conferencing. The cut-off date to determine shareholder eligibility for remote e-voting is set as September 23, 2026. The remote e-voting period will run from September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM). The company has also dispatched letters containing the web link to the FY 2025-26 Annual Report for shareholders whose email addresses are not registered.
- 19th AGM scheduled for September 30, 2026, at 4:00 PM IST via Video Conferencing
- Cut-off date for remote e-voting fixed as September 23, 2026
- Remote e-voting window runs from September 26, 2026 (9:00 am) to September 29, 2026 (5:00 pm)
- Dispatched FY 2025-26 Annual Report web-link letters to shareholders without registered emails
Jakharia Fabric Limited has issued an intimation regarding the dispatch of letters containing web-links to the FY 2025-26 Annual Report for shareholders whose email addresses are not registered. The 19th Annual General Meeting (AGM) is scheduled to be held virtually on September 30, 2026, at 4:00 PM IST. The cut-off date for e-voting is set for September 23, 2026, with the remote e-voting window open from September 26 to September 29, 2026.
- 19th Annual General Meeting scheduled for September 30, 2026, at 4:00 p.m. IST via Video Conferencing
- Cut-off date for remote e-voting established as September 23, 2026
- Remote e-voting window runs from September 26, 2026 (9:00 am) to September 29, 2026 (5:00 pm)
- Web-link for Annual Report FY26 dispatched to shareholders without registered email addresses
Jakharia Fabric Limited has issued notice for its 19th Annual General Meeting (AGM) for FY 2025-26, scheduled for September 30, 2026, via video conferencing. The company announced that its Register of Members and Share Transfer Books will be closed from September 23, 2026, to September 30, 2026, for AGM purposes. The Annual Report is being dispatched electronically to registered shareholders. This is a routine administrative compliance filing with no impact on operations.
- 19th Annual General Meeting scheduled for September 30, 2026, at 4:00 PM IST
- Share transfer books and register of members closed from September 23 to September 30, 2026
- AGM to be conducted virtually through video conference and audio-visual means
Jakharia Fabric Limited held a Board meeting on September 5, 2026, to approve its Draft Board's Report and Management Discussion & Analysis Report for FY 2025-26. The Board approved the convening of the 19th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 4:00 PM via video conferencing. Additionally, M/s. Nagdev & Associates, Practising Company Secretaries, was appointed as the scrutinizer for the AGM voting process.
- 19th Annual General Meeting scheduled for September 30, 2026, at 4:00 PM via video conferencing
- Board approved the Draft Board's Report and MD&A Report for FY 2025-26
- Appointed M/s. Nagdev & Associates (COP No. 19177) as Scrutinizer for the AGM
- Board meeting commenced at 4:00 PM and concluded at 5:00 PM on September 5, 2026
Jakharia Fabric Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. The company confirmed that 2 specific events involving Unpublished Price Sensitive Information (UPSI) were required to be captured and were successfully recorded. This filing is a routine regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations. While the compliance is positive, the company remains under 'Issuer Not Cooperating' status with a small market cap of ₹74 Cr.
- 2 events involving UPSI were required to be captured during the quarter ended June 30, 2026
- 2 events were successfully captured in the non-tamperable Structured Digital Database
- The database is maintained internally with an audit trail and capability to store records for 8 years
- Zero instances of non-compliance were identified by the Practicing Company Secretary during the review
Financial Performance
Revenue Growth by Segment
Consolidated revenue for the single segment of textile processing fell 28.9% YoY to INR 6,272.45 lakhs in FY25. Standalone revenue for H1 FY26 grew 2.37% YoY to INR 3,411.72 lakhs compared to INR 3,332.89 lakhs in H1 FY25.
Profitability Margins
In FY25, the cost of material consumed represented 43.6% of revenue (INR 2,737.38 lakhs). Standalone Profit Before Tax for H1 FY26 was INR 298.41 lakhs, compared to INR 439.98 lakhs for the full year FY25.
Credit Rating & Borrowing
CRISIL migrated the rating to 'CRISIL B/Stable Issuer Not Cooperating' due to lack of management cooperation and information. Long-term borrowings were INR 799.43 lakhs as of March 31, 2025, but were significantly reduced to INR 35.44 lakhs on a standalone basis by September 30, 2025.
Operational Drivers
Raw Materials
Textile raw materials and chemicals (categorized as 'Cost of material consumed' totaling INR 2,737.38 lakhs in FY25, or 43.6% of revenue).
Raw Material Costs
Raw material costs were INR 2,737.38 lakhs in FY25, representing 43.6% of revenue. This was a 38% decrease from INR 4,416.08 lakhs in FY24, tracking the overall revenue decline.
Strategic Growth
Growth Strategy
The company is navigating a family settlement executed on June 30, 2024, which involves asset and management reallocation. Growth is currently focused on stabilizing the core textile processing business following a 28.9% revenue contraction in FY25.
Products & Services
Textile processing services, including dyeing and finishing of fabrics.
Brand Portfolio
Jakharia
External Factors
Industry Trends
The textile processing industry is currently facing volume volatility, as evidenced by Jakharia's 28.9% revenue decline in FY25 followed by a modest 2.37% recovery in H1 FY26. The company is positioned as an SME listed entity.
Competitive Moat
The company lacks a clear durable moat as evidenced by its 'Issuer Not Cooperating' status and auditor qualifications regarding PPE records, which suggest internal governance risks.
Regulatory & Governance
Industry Regulations
The company is subject to textile processing standards and pollution norms, though specific compliance costs are not listed.
Legal Contingencies
Pending tax disputes include INR 2,610 (AY 2015-16), INR 3,30,590 (AY 2016-17 at CPC Bangalore), and INR 1,47,200 (TDS for 2023-24 via Traces), totaling approximately INR 4.80 lakhs.
Risk Analysis
Key Uncertainties
The primary uncertainty is the impact of the family settlement (June 2024) and the lack of proper quantitative records for PPE, which could lead to material misstatements of asset values.
Credit & Counterparty Risk
The company reported a provision for doubtful debts of INR 33.04 lakhs in FY25, indicating some credit risk in receivables.