| Scrip Code | 000000 |
|---|---|
| NSE Symbol | SWARAJ |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0GMR01016 |
| Name of company | SWARAJ SUITING LIMITED |
| Type of company | SME |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 26-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 17-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing of Fabrics |
| Start date and time of board meeting | 26-05-2026 18:00:00 |
| End date and time of board meeting | 26-05-2026 19:10:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | No |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 10-09-2024 |
| Indicate Company website link for updated RPT policy of the Company | https://www.swarajsuiting.com/uploads/reports/RPT.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 3 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There is nor default on Loan | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 20,724.77 | 57,673.93 | |
| Other income | 566.40 | 850.39 | |
| Total income | 21,291.17 | 58,524.32 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 8,026.72 | 28,097.11 |
| (b) | Purchases of stock-in-trade | 2,176.48 | 15,027.19 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 3,462.37 | (6,051.41) |
| (d) | Employee benefit expense | 1,001.38 | 3,167.06 |
| (e) | Finance costs | 523.65 | 3,041.28 |
| (f) | Depreciation, depletion and amortisation expense | 645.26 | 2,251.33 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 2,612.92 | 6,279.98 |
| Total other expenses | 2,612.92 | 6,279.98 | |
| Total expenses | 18,448.78 | 51,812.54 | |
| 3 | Total profit before exceptional items and tax | 2,842.39 | 6,711.78 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 2,842.39 | 6,711.78 |
| 6 | Tax expense | ||
| 7 | Current tax | 262.71 | 997.82 |
| 8 | Deferred tax | 144.71 | 477.38 |
| 9 | Total tax expenses | 407.42 | 1,475.20 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 2,434.97 | 5,236.58 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 2,434.97 | 5,236.58 |
| 17 | Other comprehensive income net of taxes | 9.27 | 34.46 |
| 18 | Total Comprehensive Income for the period | 2,444.24 | 5,271.04 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,631.02 | 2,631.02 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 28,013.24 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 10.85 | 23.41 | |
| Diluted earnings (loss) per share from continuing operations | 10.6 | 22.87 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 10.85 | 23.41 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 10.6 | 22.87 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above audited Standalone Financial Results for the quarter ended and year ended on 31st March, 2026 have been prepared by the Company in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 (amended) and were reviewed by the Audit Committee and thereafter were approved and taken on record by the Board of Directors in their meeting held on 26/05/2026. 2.The Company's business activities constitute a single operating business segment (Textiles), in terms of Indian Accounting Standard - 108. 3.The figures of the quarter ended on 31.03.2026 and 31.03.2025 represents the balance between audited figures in respect of full financial year and those published till the third quarter of the respective financial years. 4.Previous year's figures are re-grouped/re-classified wherever necessary for the better presentation. 5.There was no investor Complaints received/ pending as on 31.03.2026. 6.Equity Shares (Preferential Issue): During FY 2025–26, the Company allotted 33,71,400 equity shares of face value Rs.10/- each at Rs.236/- per share(including premium of Rs.226/-) on a preferential basis, raising Rs.79.57 Crore. The proceeds are being / shall be utilized for CAPEX, working capital and general corporate purposes. 7.Convertible Warrants (Preferential Issue & Conversion): The Company allotted 62,25,500 warrants at Rs.236/- per warrant, receiving 25% i.e. Rs.59/- upfront. Out of these, 9,20,500 warrants have been converted into equity shares upon receipt of the balance Rs.177/- per warrant, while the remaining warrants are outstanding for conversion. The proceeds shall be utilized for CAPEX, working capital and general corporate purposes. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 31-03-2026 | |
| Whether results are audited or unaudited | Audited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 31,301.87 | |
| Capital work-in-progress | 4,570.63 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 187.46 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 269.59 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Long Term Loans & Advances | 1,032.42 |
| 2 | Fixed Deposits with Bank with more than 12 months maturity | 1,788.16 |
| 3 | Security Deposits with Govt & other Deptt. | 415.93 |
| Total of other non-current financial assets | 3,236.51 | |
| Total non-current financial assets | 3,506.10 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Advance Payments for Capital Goods | 2,491.49 |
| Total of other non-current assets | 2,491.49 | |
| Total non-current assets | 42,057.55 | |
| 2 | Current assets | |
| Inventories | 23,577.13 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 12,394.64 | |
| Cash and cash equivalents | 1,057.71 | |
| Bank balance other than cash and cash equivalents | 0.00 | |
| Loans, current | 0.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 62.84 | |
| Total current financial assets | 13,515.19 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Advance for Raw Material | 2,492.35 |
| 2 | GST Credit Receivables | 1,499.46 |
| 3 | MP Interest Subsidy Receivable | 1,569.25 |
| 4 | Power Subsidy Receivable | 230.98 |
| 5 | Prepaid Expenses | 480.24 |
| 6 | Amount Receivable under RIPS | 32.87 |
| 7 | TCS / TDS Receivable | 46.30 |
| 8 | Tuff Subsidy Receivable | 54.74 |
| Total of other current assets | 6,406.19 | |
| Total current assets | 43,498.51 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 85,556.06 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 2,631.02 | |
| Other equity | 31,143.19 | |
| Total equity attributable to owners of parent | 33,774.21 | |
| Non controlling interest | ||
| Total equity | 33,774.21 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 21,095.90 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 21,095.90 | |
| Provisions, non-current | 169.32 | |
| Deferred tax liabilities (net) | 1,116.55 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 22,381.77 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 11,576.48 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 16,275.21 | |
| Total Trade payable | 16,275.21 | |
| Other current financial liabilities | ||
| 1 | Accrued Interest on term Loan | 4.68 |
| 2 | Bonus Payable | 66.40 |
| 3 | Commission Payable | 1.44 |
| 4 | Director Remuneraion Payable | 15.26 |
| 5 | Director Sitting Fee Payable | 6.01 |
| 6 | Electricity Expenses Payable | 59.07 |
| 7 | Other Payable | 30.47 |
| 8 | Salary & wages Payable | 301.05 |
| Total of other current financial liabilities | 484.38 | |
| Total current financial liabilities | 28,336.07 | |
| Other current liabilities | 61.84 | |
| 1 | ESI & PF Payable | 22.82 |
| 2 | TDS/TCS Payable | 39.02 |
| Total of other current liabilities | 61.84 | |
| Provisions, current | 4.35 | |
| Current tax liabilities (Net) | 997.82 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 29,400.08 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 51,781.85 | |
| Total equity and liabilites | 85,556.06 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (9.27) | (34.46) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 9.27 | 34.46 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 6,711.78 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 3,041.28 | |||||
| Adjustments for decrease (increase) in inventories | (9,625.89) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (2,308.87) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (3,838.41) | |||||
| Adjustments for decrease (increase) in other non-current assets | (243.97) | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | (36.91) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 3,120.61 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 18.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 2,251.33 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 135.77 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 0.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (7,487.06) | |||||
| Net cash flows from (used in) operations | (775.28) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | (57.83) | |||||
| Income taxes paid (refund) | 708.35 | |||||
| Other inflows (outflows) of cash | (117.93) | |||||
| Net cash flows from (used in) operating activities | (1,659.39) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 312.00 | |||||
| Purchase of property, plant and equipment | 8,245.23 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 103.18 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 2,669.47 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 57.83 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (485.27) | |||||
| Net cash flows from (used in) investing activities | (11,133.32) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 10,128.88 | |||||
| Proceeds from issuing other equity instruments | 3,129.95 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 3,667.60 | |||||
| Repayments of borrowings | 297.35 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 2,827.53 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | 13,801.55 | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 1,008.84 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 1,008.84 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 48.87 | |||||
| Cash and cash equivalents cash flow statement at end of period | 1,057.71 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | KARP AND CO | Yes | 30-06-2028 | ||
|---|---|---|---|---|---|
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 06-02-2026 |
| Amount Raised | 7,956.50 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CRISIL RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | NA |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Capital Expenditure | NA | 1,024.00 | 1,024.00 | 0.00 | 0.00 | The Company will utilize the funds, as and when required, within the time period mentioned in the Notice of EGM, corrigendum and any amendments thereto. An unutilised amount of Rs.10.24 crore is being maintained with the bank in the form of Fixed Deposit Receipts |
| 2 | Working Capital | NA | 7,650.00 | 5,808.00 | 5,808.00 | 0.00 | As per Notice to EGM dated December 2, 2025, and the Corrigendum to the Notice of EGM dated December 16, 2025, the Company initially proposed to raise Rs 102.74 crore through the issuance of 43,53,500 equity shares. However on account of undersubscription of the offer, Rs.79.56 Crore is available for utilisation towards objects of the Issue against net allotment of 33,71,400 equity shares. |
| 3 | General Corporate Purpose | NA | 1,600.00 | 1,124.00 | 1,124.00 | 0.00 | As per Notice to EGM dated December 2, 2025, and the Corrigendum to the Notice of EGM dated December 16, 2025, the Company initially proposed to raise Rs 102.74 crore through the issuance of 43,53,500 equity shares. However on account of undersubscription of the offer, Rs.79.56 Crore is available for utilisation towards objects of the Issue against net allotment of 33,71,400 equity shares. |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 07-02-2026 |
| Amount Raised | 3,673.00 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CRISIL RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised | Yes |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | No |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | Due to an immediate requirement for working capital, an excess utilisation of Rs.4.80 crore was made under the Working Capital object. However the deviation in utilisation is up to 10%. |
| Comments of the Audit Committee after review | Pursuant to under-subscription, the allocation towards Working Capital was reduced from the originally proposed amount. Subsequently, considering the immediate requirement of funds for working capital purposes, an additional utilisation of Rs.4.80 crore was made towards the Working Capital object over and above the revised allocation, resulting in a deviation in utilisation of up to 10%. Accordingly, the amount available for utilisation towards the Capital Expenditure object stood reduced by Rs.4.80 crore |
| Comments of the auditors, if any | There is deviation of Rs.4.80 Cr. due to excess working capital utilisation. |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Capital Expenditure | NA | 11,000.00 | 10,180.00 | 0.00 | 0.00 | An unutilised amount of Rs.3.10 crore is being maintained with the bank in the form of Fixed Deposit Receipts |
| 2 | Working Capital | NA | 1,016.00 | 940.00 | 1,420.00 | 4.80 | Due to an immediate requirement for working capital, an excess utilisation of Rs.4.80 crore was made under the Working Capital object. However the deviation in utilisation is up to 10%. |
| 3 | General Corporate Purpose | NA | 3,860.00 | 3,572.00 | 1,943.00 | 0.00 |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 31-03-2026 |
| Amount Raised | 1,629.00 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CRISIL RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | NA |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Capital Expenditure | NA | 11,000.00 | 10,180.00 | 0.00 | 0.00 | Upon receipt of funds pursuant to the conversion of the remaining Warrants, the Company will utilize the funds, as and when required, within the time period specified in the Notice of EGM, corrigendum and any amendments thereto. Further, to bridge the gap arising from the excess utilization of Rs.4.80 crore under the Working Capital object from the proceeds received Rs.36.73 Cr upon Warrants Allotment on February 07, 2026, the Company shall arrange the required funds for the Capital Expenditure object through internal accruals and/or financial assistance from banks or financial institutions, as and when required |
| 2 | Working Capital | NA | 1,016.00 | 940.00 | 0.00 | 0.00 | |
| 3 | General Corporate Purpose | NA | 3,860.00 | 3,572.00 | 1,629.00 | 0.00 |
| Name of signatory | MOHAMMED SABIR KHAN |
| Designation of person | Managing Director |
| Place | BHILWARA |
| Date | 26-05-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | SWARAJ SUITING LIMITED | MOHAMMED SABIR KHAN | MANAGING DIRECTOR | Remuneration | 84.10 | The Audit Committee has approved payment of remuneration to the Promoter Group Directors in accordance with the Companies Act, 2013 and Shareholders' Approval | 42.07 | 0.00 | 5.28 | ||||||||||||||||
| 2 | SWARAJ SUITING LIMITED | MOHAMMED SABIR KHAN | MANAGING DIRECTOR | Interest paid | 500.00 | Nil | 1.48 | 34.71 | 1.33 | ||||||||||||||||
| 3 | SWARAJ SUITING LIMITED | MOHAMMED SABIR KHAN | MANAGING DIRECTOR | Any other transaction | LOAN REPAID | 0.00 | Nil | 34.85 | 34.71 | 1.33 | |||||||||||||||
| 4 | SWARAJ SUITING LIMITED | SAMAR KHAN | WHOLE TIME DIRECTOR | Any other transaction | LOAN TAKEN | 500.00 | Nil | 185.07 | 0.00 | 22.00 | |||||||||||||||
| 5 | SWARAJ SUITING LIMITED | SAMAR KHAN | WHOLE TIME DIRECTOR | Any other transaction | LOAN REPAID | 0.00 | Nil | 163.07 | 0.00 | 22.00 | |||||||||||||||
| 6 | SWARAJ SUITING LIMITED | SAMAR KHAN | WHOLE TIME DIRECTOR | Remuneration | 84.10 | The Audit Committee has approved payment of remuneration to the Promoter Group Directors in accordance with the Companies Act, 2013 and Shareholders' Approval | 42.07 | 0.00 | 4.98 | ||||||||||||||||
| 7 | SWARAJ SUITING LIMITED | NASIR KHAN | WHOLE TIME DIRECTOR | Remuneration | 84.10 | The Audit Committee has approved payment of remuneration to the Promoter Group Directors in accordance with the Companies Act, 2013 and Shareholders' Approval | 42.07 | 0.00 | 5.00 | ||||||||||||||||
| 8 | SWARAJ SUITING LIMITED | NASIR KHAN | WHOLE TIME DIRECTOR | Any other transaction | LOAN TAKEN | 500.00 | Nil | 265.11 | 27.89 | 0.00 | |||||||||||||||
| 9 | SWARAJ SUITING LIMITED | NASIR KHAN | WHOLE TIME DIRECTOR | Any other transaction | LOAN REPAID | 0.00 | Nil | 293.00 | 27.89 | 0.00 | |||||||||||||||
| 10 | SWARAJ SUITING LIMITED | MOHAMMED SUHAIL | RELATIVE OF WHOLE TIME DIRECTOR | Remuneration | 8.00 | Nil | 3.07 | 0.00 | 0.00 | ||||||||||||||||
| 11 | SWARAJ SUITING LIMITED | ALIYA KHAN | RELATIVE OF MANAGING DIRECTOR | Remuneration | 20.00 | Nil | 9.07 | 0.00 | 0.00 | ||||||||||||||||
| 12 | SWARAJ SUITING LIMITED | DIVINE SUITING PRIVATE LIMITED | RELATED PARTY | Purchase of goods or services | 2,000.00 | The Audit Committee has approved an aggregate limit of Rs.2000 Lakh for transactions with Divine Suiting Private Limited mentioned at Sr. No. 12 to 15 | 436.56 | 63.39 | (2,510.06) | ||||||||||||||||
| 13 | SWARAJ SUITING LIMITED | DIVINE SUITING PRIVATE LIMITED | RELATED PARTY | Sale of goods or services | 0.00 | Nil | 0.00 | 228.85 | 70.85 | ||||||||||||||||
| 14 | SWARAJ SUITING LIMITED | DIVINE SUITING PRIVATE LIMITED | RELATED PARTY | Any other transaction | Interest On Loan | 0.00 | Nil | 16.11 | 186.01 | 28.52 | |||||||||||||||
| 15 | SWARAJ SUITING LIMITED | DIVINE SUITING PRIVATE LIMITED | RELATED PARTY | Any other transaction | LOAN REPAID | 0.00 | Nil | 173.61 | 186.01 | 28.52 | |||||||||||||||
| 16 | SWARAJ SUITING LIMITED | MODWAY SUITING PRIVATE LIMITED | ASSOCIATE COMPANY | Any other transaction | Lease Rent paid | 3,000.00 | The Audit Committee has approved an aggregate limit of Rs.3000 Lakh for transactions with Modway Suiting Private Limited mentioned at Sr. No. 16, 17 & 19 | 125.00 | (65.86) | (308.16) | |||||||||||||||
| 17 | SWARAJ SUITING LIMITED | MODWAY SUITING PRIVATE LIMITED | ASSOCIATE COMPANY | Any other transaction | Sale of Machineries | 0.00 | Nil | 312.00 | 43.38 | 1,030.44 | |||||||||||||||
| 18 | SWARAJ SUITING LIMITED | MODWAY SUITING PRIVATE LIMITED | ASSOCIATE COMPANY | Investment | 0.00 | Nil | 0.00 | 261.75 | 261.75 | ||||||||||||||||
| 19 | SWARAJ SUITING LIMITED | MODWAY SUITING PRIVATE LIMITED | ASSOCIATE COMPANY | Sale of goods or services | 0.00 | Nil | 1,486.30 | 43.38 | 1,030.44 | ||||||||||||||||
| 20 | SWARAJ SUITING LIMITED | SAKINA TEXTILE PRIVATE LIMITED | RELATED PARTY | Sale of goods or services | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Sakina Textile Private Limited mentioned at Sr. 20 and 21 | 0.00 | 4.00 | 4.00 | ||||||||||||||||
| 21 | SWARAJ SUITING LIMITED | SAKINA TEXTILE PRIVATE LIMITED | PROMOTER GROUP | Any other transaction | Interest On Loan | 0.00 | Nil | 0.84 | 14.04 | 14.80 | |||||||||||||||
| 22 | SWARAJ SUITING LIMITED | GOMOTO TEXTILES PRIVATE LIMITED | PROMOTER GROUP | Purchase of goods or services | 2,500.00 | The Audit Committee has approved an aggregate limit of Rs.2500 Lakh for transactions with Gomoto Textiles Private Limited mentioned at Sr. No. 22 and 23 | 433.10 | (0.07) | 73.96 | ||||||||||||||||
| 23 | SWARAJ SUITING LIMITED | GOMOTO TEXTILES PRIVATE LIMITED | PROMOTER GROUP | Sale of goods or services | 0.00 | Nil | 0.00 | 21.79 | (25.60) | ||||||||||||||||
| 24 | SWARAJ SUITING LIMITED | SWARAJ SULZ PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Purchase of goods or services | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Swaraj Sulz Private Limited | 0.00 | 14.72 | 14.72 | ||||||||||||||||
| 25 | SWARAJ SUITING LIMITED | JAMUNA SYNTHETICS PRIVATE LIMITED | PROMOTER GROUP | Any other transaction | Interest On Loan | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Jamuna Synthetics Private Limited at mentioned Sr. No. 25 to 27 | 0.26 | 4.30 | 4.53 | |||||||||||||||
| 26 | SWARAJ SUITING LIMITED | JAMUNA SYNTHETICS PRIVATE LIMITED | PROMOTER GROUP | Purchase of goods or services | 0.00 | Nil | 40.65 | (31.99) | 10.67 | ||||||||||||||||
| 27 | SWARAJ SUITING LIMITED | JAMUNA SYNTHETICS PRIVATE LIMITED | PROMOTER GROUP | Sale of goods or services | 0.00 | Nil | 0.00 | 215.97 | 215.97 | ||||||||||||||||
| 28 | SWARAJ SUITING LIMITED | SHIVGANGA SUITING PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Purchase of goods or services | 200.00 | The Audit Committee has approved an aggregate limit of Rs.200 Lakh for transactions with Shivganga Suitings Private Limited | 0.00 | 0.18 | 0.05 | ||||||||||||||||
| 29 | SWARAJ SUITING LIMITED | SWADESH SUITING PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Purchase of goods or services | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Swadesh Suiting Private Limited mentioned at Sr. No. 29 and 30 | 96.76 | 0.00 | 1.55 | ||||||||||||||||
| 30 | SWARAJ SUITING LIMITED | SWADESH SUITING PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Sale of goods or services | 0.00 | Nil | 0.82 | 83.96 | 83.96 | ||||||||||||||||
| 31 | SWARAJ SUITING LIMITED | SWARAJ PROCESSORS PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Purchase of goods or services | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Swaraj processors Private Limited mentioned | 0.00 | (335.08) | 4.92 | ||||||||||||||||
| 32 | SWARAJ SUITING LIMITED | SONIYNA TEXTILE PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Purchase of goods or services | 1,000.00 | The Audit Committee has approved an aggregate limit of Rs.1000 Lakh for transactions with Soniyna Textile Private Limited mentioned at Sr. No. 32 and 33 | 0.00 | (13.81) | (13.81) | ||||||||||||||||
| 33 | SWARAJ SUITING LIMITED | SONIYNA TEXTILE PRIVATE LIMITED | RELATED WITH PROMOTER GROUP | Sale of goods or services | 0.00 | Nil | 0.00 | 311.17 | 311.17 | ||||||||||||||||
| 34 | SWARAJ SUITING LIMITED | MODWAY SUITING PRIVATE LIMITED | ASSOCIATE COMPANY | Any other transaction | CORPORATE GUARANTEE | 1,634.00 | Nil | 1,634.00 | 0.00 | 1,634.00 | |||||||||||||||
| Total value of transaction during the reporting period | 5,836.94 | ||||||||||||||||||||||||