AI assistant
Sanrhea Technical Textiles Ltd. Annual Report 2026
61756_rns_2026-05-28_e2dd69d3-34da-4272-b773-223b1779e075.pdf
Annual Report
Open in viewerOpens in your device viewer
INNNS
ISO 9001:2015 • ISO 14001:2015
SANRHEA TECHNICAL TEXTILES LIMITED
Date: 28.05.2026
To,
BSE limited
Department of Corporate Services
P J Towers, Dalal Street, Mumbai - 400001.
Security Code : 514280
Dear Sir/Madam,
Subject: Outcome of Board Meeting
We hereby informed that Board of Directors of the Company at its meeting held on Thursday the May 28, 2026, inter alia, have approved and taken on record following:
- The Audited Financial Results of the Company and the Audited Report thereon for the quarter and year ended on March 31, 2026.
- The Board has recommended Dividend of Rs. 1.50 (@ 15%) for the Financial Year 2025-26 per Equity Share having face value of Re. 10 each, fully paid up, subject to approval by shareholders of the Company. The Company will inform in due course the record date for the purposes of the Annual General Meeting and payment of final dividend.
The Meeting was commenced at 3:00 p.m. and concluded at 4:00 p.m. Kindly take the same on your record.
Yours Faithfully.
For, Sanrhea Technical Textiles Limited
Corporate Office & Works : Dr. Ambedkar Road, Kalol (N.G.) 382721. Phone : (02764) 225204, 227831 Fax : (02764) 227696.
Regd. Office : Parshwanath Chambers, 2nd Floor, Nr. New RBI, Income Tax, Ahmedabad - 380 014.
Tel. Fax: (079) 27545646 Email: [email protected] Web.: www.sanrhea.com
CIN: L17110GJ1983PLC006309
| SANRHEA TECHNICAL TEXTILES LIMITED | ||||||
|---|---|---|---|---|---|---|
| I Statement of Audited Financial Results for the Quarter and Year ended on March 31, 2026 | ||||||
| (₹ in Lakh) | ||||||
| Sr. No. | Particulars | Quarter Ended | Year Ended | |||
| 31/03/2026 | 31/12/2025 | 31/03/2025 | 31/03/2026 | 31/03/2025 | ||
| Unaudited (Refer Note 7) | Unaudited | Unaudited (Refer Note 7) | Audited | Audited | ||
| 1 | Income | |||||
| (a) Revenue from Operations | 2,128.53 | 2,302.30 | 1,882.62 | 8,044.53 | 7,493.55 | |
| (b) Other Income | 5.18 | 1.09 | 6.79 | 9.99 | 18.98 | |
| Total Income | 2,133.71 | 2,303.39 | 1,889.41 | 8,054.52 | 7,512.53 | |
| 2 | Expenses | |||||
| (a) Cost of materials consumed | 1,127.55 | 1,354.75 | 1,101.60 | 4,536.83 | 4,641.25 | |
| (b) Changes in inventories of finished goods, work-in-progress and stock-in-trade | (66.56) | 30.78 | (64.47) | 73.38 | (212.91) | |
| (c) Employee benefits expenses | 287.14 | 213.95 | 201.96 | 912.22 | 788.09 | |
| (d) Finance Costs | 31.23 | 31.83 | 37.99 | 127.95 | 132.33 | |
| (e) Depreciation and amortisation expenses | 56.24 | 56.01 | 64.26 | 221.09 | 188.72 | |
| (f) Other expenses | 380.56 | 404.45 | 331.99 | 1,416.58 | 1,334.43 | |
| Total expenses | 1,816.16 | 2,091.77 | 1,673.33 | 7,288.05 | 6,871.91 | |
| 3 | Profit from operations before exceptional items and tax (1-2) | 317.55 | 211.62 | 216.08 | 766.47 | 640.62 |
| 4 | Exceptional items | - | - | - | - | - |
| 5 | Profit before tax (3-4) | 317.55 | 211.62 | 216.08 | 766.47 | 640.62 |
| 6 | Tax Expense | |||||
| Current Tax | 79.55 | 70.65 | 60.16 | 219.97 | 170.84 | |
| Deferred Tax | 2.36 | (13.85) | (6.34) | (21.90) | (2.70) | |
| 7 | Net Profit for the period (5-6) | 235.64 | 154.82 | 162.26 | 568.40 | 472.48 |
| 8 | Total Other Comprehensive Income/(Loss) for the period (net of tax) | |||||
| a) Items that will not be reclassified to Profit and Loss in subsequent periods | ||||||
| - Remeasurement of Defined benefits plan | 8.66 | (3.14) | (5.31) | (0.76) | (12.56) | |
| - Tax Expense on above item | (2.18) | 0.79 | 1.33 | 0.19 | 3.16 | |
| b) Items that will be classified to Profit and Loss in subsequent periods | - | - | - | - | - | |
| Total Other Comprehensive Income/(Loss) for the period | 6.48 | (2.35) | (3.98) | (0.57) | (9.40) | |
| 9 | Total Comprehensive Income for the Period (7+8) | 242.12 | 152.47 | 158.28 | 567.83 | 463.08 |
| 10 | Paid-up equity share capital [ Face Value Rs.10/- per share] | 569.00 | 569.00 | 500.00 | 569.00 | 500.00 |
| 11 | Reserves excluding Revaluation Reserves | 2,802.46 | 2,030.18 | |||
| 12 | Earning per Share (EPS) (Not Annualised) (Refer Note No. 4) | |||||
| (a) Basic | 4.14 | 2.72 | 3.25 | 10.12 | 9.45 | |
| (b) Diluted | 4.14 | 2.72 | 3.25 | 10.12 | 9.45 |
| SANRHEA TECHNICAL TEXTILES LIMITED | |||
|---|---|---|---|
| II Statement of Assets and Liabilities for the year ended March 31, 2026 | |||
| Sr. No. | Particulars | (₹ in Lakhs) | |
| As at March 31, 2026 | |||
| (Audited) | As at March 31, 2025 | ||
| (Audited) | |||
| A | ASSETS | ||
| 1 | Non-current assets | ||
| (a) Property, Plant and Equipment | 970.72 | 1,133.98 | |
| (b) Financial Assets | |||
| (i) Investments | 4.96 | 4.96 | |
| (ii) Other Financial Assets | 34.44 | 43.10 | |
| (c) Non-current tax assets (Net) | 8.76 | 6.28 | |
| (d) Deferred tax assets (Net) | 53.16 | 31.07 | |
| (e) Other assets | 5.98 | 1.46 | |
| Total Non-current assets | 1,078.02 | 1,220.85 | |
| 2 | Current assets | ||
| (a) Inventories | 1,313.44 | 1,286.32 | |
| (b) Financial assets | |||
| (i) Trade receivables | 1,187.38 | 1,331.79 | |
| (ii) Cash and cash equivalents | 379.27 | 29.45 | |
| (iii) Bank Balances other than (ii) above | 41.38 | 24.28 | |
| (iv) Other Financial assets | 25.06 | 19.19 | |
| (c) Other current assets | 426.81 | 597.27 | |
| Total current assets | 3,373.34 | 3,288.30 | |
| TOTAL ASSETS (1+2) | 4,451.36 | 4,509.15 | |
| B | EQUITY AND LIABILITIES | ||
| --- | --- | --- | --- |
| 1 | Equity | ||
| (a) Equity share capital | 569.00 | 500.00 | |
| (b) Other equity | 2,802.46 | 2,030.18 | |
| Total equity | 3,371.46 | 2,530.18 | |
| 2 | Non-current liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 299.28 | 413.49 | |
| (b) Provisions | 100.35 | 88.75 | |
| Total non-current liabilities | 399.63 | 502.24 | |
| 3 | Current liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 101.34 | 990.85 | |
| (ii) Trade payables | |||
| Total outstanding dues of micro enterprises and small enterprises | 33.38 | 11.24 | |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 222.72 | 201.26 | |
| (iii) Other financial liabilities | 85.57 | 70.76 | |
| (b) Other current liabilities | 43.28 | 44.05 | |
| (c) Provisions | 120.27 | 101.10 | |
| (d) Liabilities for current tax (Net) | 73.71 | 57.47 | |
| Total current liabilities | 680.27 | 1,476.73 | |
| TOTAL EQUITY & LIABILITIES (1+2+3) | 4,451.36 | 4,509.15 |
P
| SANRHEA TECHNICAL TEXTILES LIMITED | ||
|---|---|---|
| III Statement of Audited Cash Flows for the year ended March 31, 2026 | ||
| Particulars | (₹ in Lakhs) | |
| As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) | |
| A. Cash flow from operating activities | ||
| Profit before tax | 766.47 | 640.62 |
| Adjustments for: | ||
| Depreciation and amortization expenses | 221.09 | 188.72 |
| Gain on Sale/Discard of Property, Plant & Equipment (Net) | (0.31) | (11.25) |
| Unrealised Foreign Exchange Fluctuation (Gain)/Loss | (1.97) | 0.32 |
| Provision/(write back) for Expected Credit Loss | 0.85 | - |
| Bad Debts Actual write off during the Year (net of recovery) | (0.35) | - |
| Dividend income | (0.21) | (0.21) |
| Interest income | (3.46) | (4.02) |
| Interest expenses | 114.51 | 109.40 |
| Cash generated from Operations before Working Capital changes | 1,096.62 | 923.58 |
| Adjustments for: | ||
| Decrease / (Increase) in Other Current Financial Assets | 2.51 | (10.51) |
| Decrease / (Increase) in Other Current Assets | 170.46 | (549.33) |
| Decrease / (Increase) in Trade Receivables | 145.89 | (30.24) |
| Decrease / (Increase) in Inventories | (27.12) | (125.35) |
| Decrease / (Increase) in Other Non current Financial Assets | (1.50) | (0.04) |
| Decrease / (Increase) in Other Non current Assets | 0.48 | 3.86 |
| (Decrease) / Increase in Other Current Liabilities | (0.77) | 15.09 |
| (Decrease) / Increase in Other Current Financial liabilities | 2.97 | 44.70 |
| (Decrease) / Increase in Trade and Other Payables | 43.60 | (213.78) |
| (Decrease) / Increase in Non-current Provisions | 10.85 | (22.13) |
| (Decrease) / Increase in Current Provisions | 19.17 | 46.29 |
| Cash generated from Operating Activities | 1,463.16 | 82.14 |
| Direct taxes paid (Net of Refund) | (196.38) | (224.85) |
| Net Cash flow generated from / (used in) operating activities (A) | 1,266.78 | (142.71) |
| B. Cash flow from Investing activities | ||
| Capital expenditure on payment towards Property, Plant & Equipment, Capital Work in Process and Capital Advance | (64.42) | (506.76) |
| Proceeds from sale of Property, Plant & Equipment | 1.90 | 11.25 |
| Interest received | 2.74 | 5.76 |
| Dividend received | 0.21 | 0.21 |
| Margin money fixed deposits (placed) / matured | (5.03) | 36.86 |
| Net Cash flow used in investing activity (B) | (64.60) | (452.68) |
| C. Cash flow from Financing activities | ||
| Proceeds from issue of Equity Share Capital (Including share premium) | 358.80 | - |
| Proceeds from Non-current Borrowings | 22.44 | 414.55 |
| Repayment of Non-current Borrowings | (109.45) | - |
| Proceeds / (Repayment) from Current Borrowings (Net) | (916.71) | 386.45 |
| Dividend Paid | (85.35) | (75.00) |
| Interest paid | (122.09) | (103.47) |
| Net Cash flow generated from / (used in) financing activity (C) | (852.36) | 622.53 |
| Net increase in cash and cash equivalents (A + B + C) | 349.82 | 27.14 |
| Cash and cash equivalents at the beginning of the year | 29.45 | 2.31 |
| Cash and cash equivalents at the end of the year | 379.27 | 29.45 |
| Cash & Cash Equivalent comprise of: | ||
| Cash on hand | 0.38 | 6.72 |
| With banks - on current account | 378.89 | 22.73 |
| Total Cash and cash equivalents at the end of the year | 379.27 | 29.45 |
Note: The statement of cash flow has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS 7) on cash flow statements notified under section 133 of The Companies Act 2013, read together with paragraph 7 of The Companies (Indian Accounting Standard) Rules 2015 (as amended).
P
IV Notes
| 1 | The above financial results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on May 28, 2026. |
|---|---|
| 2 | The financial results are prepared in accordance with the Indian Accounting Standards (“Ind AS”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS are prescribed under section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. |
| 3 | The Government of India, vide notification dated 21st November, 2025, has consolidated multiple existing labour regulations into a unified framework comprising four labour codes collectively referred to as the 'New Labour Code'. The Ministry of Labour & Employment has also issued draft Central Rules and FAQs to help assess the financial Impact of these changes. Also, in accordance with the requirements of Ind AS 19, "Employee Benefits", changes to employee benefit plans resulting from legislative amendments constitute a plan amendment, necessitating the immediate recognition of any variation in the cost upon such notification. Consequently, the Company has assessed the same & there is no material impact of these changes. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect (if any) on the basis of such developments as needed. |
| 4 | The Company pursuant to special resolution passed by Members through postal ballot on March 15, 2025 has allotted 6,90,000 equity shares on preferential basis to promoters on May 9, 2025, at an issue price of ₹ 52 per share. Accordingly, as per Ind AS 33 - Earning per share, the calculation of basic and diluted earnings per share for the year ended March 31, 2026 has been adjusted. |
| 5 | Segment reporting as defined in Ind AS 108 is not applicable as the company operates only under one segment i.e. Industrial Fabric. Hence segment reporting is not given. |
| 6 | The board of directors at its meeting held on May 28, 2026, has proposed a final dividend of INR 1.50/- per equity share. The same is subject to shareholders’ approval in the Annual General Meeting. |
| 7 | The figures for the current quarter ended March 31, 2026 and quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and March 31, 2025, respectively and published year to date figures up to third quarter ended December 31, 2025 and December 31, 2024, respectively which were subjected to limited |
| 8 | Previous period figures have been regrouped/reclassified, wherever necessary, to conform to current period’s presentation. |
PLACE : Ahmedabad
DATE : May 28, 2026
FOR, SANRHEA TECHNICAL TEXTILES LIMITED
MANAGING DIRECTOR
KANTILAL PATEL & CO.
CHARTERED ACCOUNTANTS
Independent Auditor's Report
To
The Board of Directors of
Sanrhea Technical Textiles Limited.
Report on the audit of the Annual Financial Results
Opinion
We have audited the accompanying Annual Financial Results of Sanrhea Technical Textiles Limited (the “Company”), for the year ended March 31, 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Annual Financial Results:
a. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit, other comprehensive loss, and other financial information of the Company for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013, as amended (the “Act”). Our responsibilities under those SAs are further described in the “Auditor’s Responsibilities for the Audit of the Annual Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management and Board of Directors’ Responsibilities for the Annual Financial Results
The Annual Financial Results has been prepared on the basis of the annual financial statements. The Management and the Board of Directors of the Company are responsible for the preparation and presentation of these Annual Financial Results that gives a true and fair view of the net profit and other comprehensive loss of the Company and other financial information in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing
KANTILAL PATTERNS
“KPC House”, Besides High Court Auditorium Gate, Sola, Ahmedabad - 380 060, Gujarat, India.
E-mail: [email protected] | Web: www.kpcindia.com
KANTILAL PATEL & CO.
CHARTERED ACCOUNTANTS
and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Annual Financial Results, that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Annual Financial Results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the Annual Financial Results as a whole is free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Annual Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Annual Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's report to the related disclosures in the Annual Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's
KANSILAL PATEL & CO.
"KPC House", Besides High Court Auditorium Gate, Sola, Ahmedabad - 380 060, Gujarat, India.
E-mail: [email protected] | Web: www.kpcindia.com
KANTILAL PATEL & CO.
CHARTERED ACCOUNTANTS
report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Annual Financial Results, including the disclosures, and whether the Annual Financial Results represents the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
The Annual Financial Results includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations. Our opinion is not modified in respect of this matter.
For Kantilal Patel & Co.,
Chartered Accountants
Firm's Registration No.: 104744W
Jinal A. Patel
Partner
Membership No.: 153599
Place: Ahmedabad
Date: May 28, 2026
UDIN: 26153599CQVQ WR 7345
"KPC House", Besides High Court Auditorium Gate, Sola, Ahmedabad - 380 060, Gujarat, India.
E-mail : [email protected] | Web : www.kpcindia.com
INVOICE DEPARTMENT
DNV
ISO 9001:2015 • ISO 14001:2015
SANRHEA TECHNICAL TEXTILES LIMITED
Date: 28.05.2026
To,
BSE limited
Department of Corporate Services
P J Towers, Dalal Street, Mumbai - 400001.
Security Code : 514280
Dear Sir/Madam,
Subject : Declaration pursuant to Regulation 33(3) of the SEBI (LODR) Regulations, 2015.
We hereby declare that M/s Kantilal Patel & Co., Chartered Accountants (FRN: 104744W), the Statutory Auditors of the Company have issued an Audit Report with Unmodified Opinion on the Audited Financial Results of the Company for the quarter and year ended on March 31, 2026.
This declaration is given in compliance to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, as amended by the SEBI (LODR) (Amendment) Regulations, 2016, vide Notification No. SEBI/LAD-NRO/GN/2016-17/001, dated 25th May, 2016 and Circular No. CIR/CFD/CMD/56/2016, dated 27th May, 2016.
Kindly take this declaration on record.
Yours Faithfully,
For, Sanrhea Technical Textiles Limited
Jasubhai Patel (CFO)
Corporate Office & Works : Dr. Ambedkar Road, Kalol (N.G.) 382721. Phone : (02764) 225204, 227831 Fax : (02764) 227696.
Regd. Office : Parshwanath Chambers, 2nd Floor, Nr. New RBI, Income Tax, Ahmedabad - 380 014.
Tel. Fax : (079) 27545646 Email : [email protected] Web. : www.sanrhea.com
CIN : L17110GJ1983PLC006309