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Shree Karni Fabcom Limited (SHREEKARNI)

📊 NSE: SHREEKARNI 🏢 Textiles - Products 📢 Latest filing: 14 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Shree Karni's revenue was ₹96.0 Cr (+7.1% year on year, -10.3% on the previous half-year), and net profit ₹9.0 Cr (-12.1% year on year); the operating margin was 16.7%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹96.0	+7.1%	-10.3%
Operating profit	₹16.0	+0.5%	+45.5%
Net profit	₹9.0	-12.1%	+50.0%
EPS (₹)	12.55	-13.3%	+47.0%
Operating margin	16.7%	—	—

Full quarterly financials → Results calendar →

SHREEKARNI delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 100.0% of the SHREEKARNI shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.99%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

100.0%Delivery, 16 Oct

93.99%Own 20-session average

0.3×Volume vs its average

₹421.90NSE close · -0.38%

Delivery in the last 5 sessions: 95.4% · 95.2% · 100.0% · 90.9% · 100.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Shree Karni Fabcom Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 14 Oct 2026, 06:20 PM

Shree Karni Fabcom Limited has submitted its confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MAS Services Limited confirms that dematerialisation requests received between July 1, 2026, and September 30, 2026, were processed within the prescribed 15-day limit. The security certificates have been verified, cancelled, and member registers updated accordingly. This is a recurring quarterly administrative filing with no financial impact.

Compliance certificate covers the quarter ended September 30, 2026
Securities dematerialisation handled for the period 01/07/2026 to 30/09/2026
Confirmation of demat requests processed within the stipulated 15 days
Issued by RTA Mas Services Limited on October 06, 2026

💡 No action required; this is a routine administrative compliance report. Investors should look out for upcoming quarterly operational and financial results.

Shree Karni Fabcom Calls 3rd AGM on Sep 30, Proposes ₹0.25/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 12:57 PM

Shree Karni Fabcom has issued notice for its 3rd Annual General Meeting scheduled for September 30, 2026. The agenda includes approval of a final dividend of 2.5% (₹0.25 per equity share of face value ₹10) for FY26. Key special business items include the re-appointment of Managing Director Rajiv Lakhotia and Whole Time Director Radhe Shyam Daga for 5-year terms at a basic salary of ₹5,00,000 per month each, alongside approval of material related party transactions with subsidiary IGK Technical Textiles LLP.

3rd Annual General Meeting scheduled for September 30, 2026, via Video Conferencing
Final dividend proposed at ₹0.25 per share (2.5% on face value of ₹10) for FY26
Re-appointment of Rajiv Lakhotia as Managing Director for 5 years at ₹5,00,000 per month basic salary
Re-appointment of Radhe Shyam Daga as Whole Time Director for 5 years at ₹5,00,000 per month basic salary
Shareholder approval sought for material related party transactions with subsidiary IGK Technical Textiles LLP

💡 Track voting outcomes post-AGM on September 30, 2026, specifically regarding key managerial remuneration and material related party transaction approvals.

Shree Karni Fabcom Sets Sept 23 Record Date for ₹0.25/Share Final Dividend, Re-appoints Key Directors

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 08 Sep 2026, 11:59 AM

Shree Karni Fabcom has set September 23, 2026, as the record date for its final dividend of ₹0.25 per equity share (face value ₹10) for FY2025-26, alongside remote e-voting eligibility. The company's 3rd Annual General Meeting is scheduled for September 30, 2026. In addition, the Board approved the re-appointment of Managing Director Rajiv Lakhotia and three Whole-Time Directors for a second 5-year term from October 10, 2026, to October 09, 2031, subject to shareholder approval.

Final dividend of ₹0.25 per equity share of face value ₹10 recommended for FY 2025-26
Record date fixed as Wednesday, September 23, 2026, for dividend and e-voting
3rd Annual General Meeting scheduled for Wednesday, September 30, 2026
Re-appointment of Managing Director Rajiv Lakhotia and 3 Whole-Time Directors for 5 years effective October 10, 2026

💡 Track the outcome of shareholder voting on director re-appointments and dividend approval at the 3rd AGM on September 30, 2026.

Shree Karni Fabcom Re-Appoints MD & 3 WTDs for 5 Years; Approves ₹0.25/Share Final Dividend

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 08 Sep 2026, 11:58 AM

Shree Karni Fabcom has approved the re-appointment of Managing Director Rajiv Lakhotia along with three Whole Time Directors for a second 5-year term from October 10, 2026, to October 09, 2031, subject to shareholder approval. The company also declared a final dividend of ₹0.25 per equity share (face value ₹10) for FY26. The 3rd Annual General Meeting is scheduled for September 30, 2026, with a record date of September 23, 2026, set for dividend eligibility and e-voting. These board decisions ensure executive leadership continuity across sales, operations, customs, and overseas raw material procurement.

Re-appointment of Managing Director Rajiv Lakhotia and 3 Whole Time Directors for a 5-year tenure through October 09, 2031
Final dividend of ₹0.25 per equity share of face value ₹10 recommended for FY25-26
Record date fixed as Wednesday, September 23, 2026, for dividend and AGM e-voting
3rd Annual General Meeting scheduled for Wednesday, September 30, 2026, via Video Conferencing

💡 Track shareholder voting outcomes at the AGM on September 30, 2026, and monitor subsequent execution in higher-margin specialized and defense textiles.

Shree Karni Fabcom Sets Record Date for ₹0.25 Dividend; Re-Appoints MD and 3 WTDs

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 08 Sep 2026, 11:54 AM

Shree Karni Fabcom announced the outcomes of its board meeting held on September 8, 2026. The board scheduled its 3rd AGM for September 30, 2026, and fixed September 23, 2026, as the record date for a final dividend of ₹0.25 per equity share (face value ₹10). Additionally, the board approved the re-appointment of Managing Director Rajiv Lakhotia and three Whole Time Directors (Radhe Shyam Daga, Manoj Kumar Karnani, and Raj Kumar Agarwal) for second 5-year terms effective October 10, 2026, to October 9, 2031, subject to shareholder approval.

Final dividend of ₹0.25 per equity share (face value ₹10) with record date fixed as September 23, 2026
3rd Annual General Meeting scheduled for Wednesday, September 30, 2026, via Video Conferencing
Re-appointment of Managing Director Rajiv Lakhotia for a 5-year term from October 10, 2026, to October 09, 2031
Re-appointment of three Whole Time Directors for 5-year terms until October 09, 2031
Remote e-voting window set from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

💡 Track voting outcomes at the upcoming AGM on September 30, 2026, and note September 23, 2026, as the ex-dividend/record date.

Shree Karni allots 1.05 lakh shares on warrant conversion, raises ₹6.02 Cr from promoters

🟢 POSITIVE ⭐ 5/10

FUNDRAISE 📅 02 Sep 2026, 12:14 PM

Shree Karni Fabcom has approved the allotment of 1,05,000 equity shares of face value ₹10 each at an issue price of ₹765 per share upon conversion of warrants. The company received the final 75% exercise consideration of ₹6.02 crore from 4 promoter allottees (26,250 shares each). Following this allotment, the paid-up share capital increases from 74,38,750 to 75,43,750 equity shares, representing an equity dilution of approximately 1.41%. With this conversion, no warrants remain pending for conversion.

Allotment of 1,05,000 equity shares of ₹10 face value at ₹765 per share (₹755 premium)
Receipt of ₹6,02,43,750 as 75% warrant exercise money from 4 promoter allottees
Paid-up share capital increases from ₹7.44 Cr (74,38,750 shares) to ₹7.54 Cr (75,43,750 shares)
Issue price of ₹765 is substantially above the current market price of ₹375
All warrants previously issued have now been fully converted with zero warrants pending

💡 Track the upcoming quarterly shareholding pattern to confirm the updated promoter shareholding and monitor the utilization of the fresh ₹6.02 crore capital inflow.

Shree Karni Allots 1.05 Lakh Shares on Warrant Conversion; Promoters Infuse ₹6.02 Cr at ₹765/Share

🟢 POSITIVE ⭐ 5/10

FUNDRAISE 📅 29 Aug 2026, 09:40 AM

Shree Karni Fabcom has approved the allotment of 1,05,000 equity shares of face value ₹10 each upon the conversion of warrants to four promoter group members. The company received ₹6.02 crore representing the 75% exercise price at ₹573.75 per warrant, against the total issue price of ₹765 per share. Consequent to this conversion, the total paid-up share capital increases from 73.34 lakh shares to 74.39 lakh shares, resulting in a ~1.41% equity dilution. Notably, the conversion price of ₹765 is at a significant premium to the current market price of ₹377.9.

Allotment of 1,05,000 fully paid-up equity shares at an issue price of ₹765 per share (including ₹755 premium).
Received ₹6,02,43,750 (75% balance exercise money) from 4 promoter allottees.
Paid-up equity share capital increases from ₹7.33 crore to ₹7.44 crore (74,38,750 shares).
Allotment distributed equally (26,250 shares each) among promoters Rajiv Lakhotia, Radhe Shyam Daga, Manoj Kumar Karnani, and Raj Kumar Agarwal.

💡 Track the exercise and conversion timeline of any remaining warrants from the original 3,15,000 warrant pool and monitor deployment of proceeds toward higher-margin technical textile initiatives.

Shree Karni Fabcom Allots 1.05 Lakh Shares on Warrant Conversion, Raises ₹6.02 Cr

🟢 POSITIVE ⭐ 5/10

FUNDRAISE 📅 25 Aug 2026, 03:53 PM

Shree Karni Fabcom has approved the allotment of 1,05,000 equity shares of face value ₹10 each following the conversion of preferential warrants by four promoter group entities. The company received the 75% balance exercise amount of ₹573.75 per warrant, totaling ₹6.02 crore (at a total issue price of ₹765 per share). Consequent to this allotment, total paid-up equity shares expanded by 1.45% from 72,28,750 to 73,33,750 shares.

Allotted 1,05,000 equity shares to 4 promoters upon conversion of warrants
Received ₹6,02,43,750 as 75% warrant exercise balance at ₹573.75 per warrant
Warrants issued at ₹765 per share (₹10 face value plus ₹755 premium)
Paid-up share capital increased from ₹7.23 Cr (72.29 lakh shares) to ₹7.33 Cr (73.34 lakh shares)

💡 Track the utilization of raised proceeds and monitor any remaining 2,10,000 unexercised warrants from the original 3,15,000 warrant pool before their 18-month tenure expires.

View All SHREEKARNI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment: Manufacturing of Technical Textile, knitted and coated fabrics. For H1 FY26, standalone revenue from operations reached INR 107.06 Cr. The revenue mix is dominated by the luggage industry at 55-60%, followed by leather goods at 10%, specialized garments at 10%, and the chair/upholstery industry at 5%.

Geographic Revenue Split

Not disclosed in available documents; however, the company supplies inner linings to major global brands in the leather goods sector (10% of revenue).

Profitability Margins

The company is targeting gross margins greater than 30% as it shifts toward high-value products. For H1 FY26, standalone Profit Before Tax (PBT) was INR 8.28 Cr, representing a margin of 7.7% on revenue. Consolidated PBT for the same period was higher at INR 10.30 Cr.

EBITDA Margin

Management noted a 7% to 8% EBITDA margin difference between H1 and H2, suggesting seasonality or ramp-up effects. Core profitability is being driven by a shift toward technical textiles which carry higher entry barriers.

Capital Expenditure

Major capex is reported as completed as of November 2025. Future focus is on increasing the percentage of high-margin business rather than adding significant new physical capacity in the immediate term.

Credit Rating & Borrowing

Finance costs for H1 FY26 stood at INR 1.41 Cr (standalone). Specific credit ratings and interest rate percentages were not disclosed in the provided documents.

⚙️ Operational Drivers

Raw Materials

Specific raw material names like polyester or specialized polymers are not explicitly listed, but 'Cost of materials consumed' represents the largest expense at INR 81.48 Cr, which is 76.1% of standalone revenue.

Capacity Expansion

Current capex is completed. The company is now focused on utilizing this capacity to enter high-value segments like defense and specialized technical textiles, aiming for these to constitute 20-25% of revenue within 3 years.

Raw Material Costs

Raw material costs totaled INR 81.48 Cr in H1 FY26 (76.1% of revenue). The company manages these costs through contract pricing, though management clarified they do not have a standard 30% margin guarantee across all contracts yet.

Manufacturing Efficiency

The company is transitioning from an LLP structure to a more aggressive corporate management style to improve participation and growth metrics.

📈 Strategic Growth

Expected Growth Rate

25%

Growth Strategy

Growth will be achieved by entering high-entry-barrier segments such as defense textiles and specialized technical fabrics. The company aims for these high-margin products to represent 20-25% of total business within three years. Additionally, securing 'approved vendor' status with global giants like Walmart provides a scalable retail channel.

Products & Services

Technical textiles, knitted fabrics, and coated fabrics used specifically for luggage, leather goods inner linings, specialized garments, upholstery, and foot mats.

Brand Portfolio

Shree Karni Fabcom.

New Products/Services

Entry into defense-grade textiles and specialized fabrics for global retail (Walmart), expected to contribute 20-25% of revenue in the medium term.

Market Expansion

Targeting the defense sector and global retail supply chains. Currently supplying to Tier 2 defense contractors while pursuing direct nominations.

Market Share & Ranking

Not disclosed, but management identifies only 2-3 competitors in their specialized high-value target segments.

Strategic Alliances

Approved vendor status with Walmart; currently in discussions with other global retail entities.

🌍 External Factors

Industry Trends

The technical textile industry is shifting toward specialized, high-performance fabrics for defense and specialized apparel. Shree Karni is positioning itself to move away from low-margin commodity textiles toward these high-barrier niches.

Competitive Landscape

Key competitors include specialized firms like Kusumgar (which has ~30% PAT margins). The landscape is characterized by high technical requirements for defense and global retail approval.

Competitive Moat

The moat is built on high entry barriers in specialized technical textiles. Management notes that in certain categories, there are fewer than three active players, providing sustainable pricing power once certifications are obtained.

Macro Economic Sensitivity

Highly sensitive to consumer spending on travel and luxury leather goods, which drives demand for their primary luggage and lining products.

Consumer Behavior

Increasing demand for durable, high-quality technical fabrics in the luggage and specialized garment sectors.

Geopolitical Risks

Potential trade barriers could affect the supply of linings to global brands and the expansion into international retail chains like Walmart.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with stringent defense certifications and nominations to supply directly to the military sector. It also adheres to Accounting Standards (AS) prescribed under Section 133 of the Companies Act, 2013.

Taxation Policy Impact

The company provided for current tax and deferred tax in H1 FY26, with standalone tax expenses totaling INR 2.30 Cr.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the timeline for obtaining direct defense certifications, which are critical for achieving the targeted 20-25% revenue shift to high-margin products.