Borana Weaves Reports Strong Growth Ahead of 6th AGM

Revenue grew to Rs 388.59 crore; Profit after tax climbed to Rs 64.61 crore.

Reader Takeaway: Robust profit growth powers expansion, though shareholders must monitor regulatory compliance and the lack of dividends.

What just happened

Borana Weaves Limited has released its agenda for the 6th Annual General Meeting (AGM) to be held on September 29, 2026, via video conferencing. The meeting will address the adoption of FY 2025-26 financial statements, the re-appointment of directors and statutory auditors, and a proposed salary revision for top management to Rs 1.50 lakh per month. Shareholders will also vote on the appointment of secretarial auditors and the ratification of cost accountant remuneration.

Why this matters

The company demonstrated significant financial momentum in FY 2025-26, with revenue rising 33.85% to Rs 388.59 crore and net profit jumping 60.71% to Rs 64.61 crore compared to the previous year. This performance supports the company’s ongoing capital expenditure, particularly the Unit 4 expansion which aims to add 192 looms and 3 texturisers, with commercial production targeted for December 2026. To fund these growth initiatives, the board has opted not to declare a dividend.

Compliance and Auditor Observations

The secretarial audit report highlighted several compliance gaps, including late filings, incomplete structural database updates, and procedural issues regarding auditor re-appointments. The board has acknowledged these findings and pledged improved adherence to regulatory norms. Importantly, no material fraud was reported by the statutory auditors under the Companies Act.

Context metrics

• Current Capacity: 1,212 water-jet looms and 24 texturising machines.
• Credit Rating: BWR BBB (Stable) assigned by Brickwork Ratings.
• E-voting cut-off: September 22, 2026.