Eastern Silk Industries Approves Q1 Financial Results and Announces 80th Annual General Meeting
Eastern Silk Industries Limited has approved its Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The company also confirmed the date for its upcoming 80th Annual General Meeting (AGM).The Board of Directors considered and approved the quarterly financial results, which were reviewed by Statutory Auditors M/s B.K. Shroff & Co. The Limited Review Report issued by the auditors regarding the Unaudited Standalone Financial Results for Q1 ended June 30, 2026, holds an unmodified opinion.
The company is engaged in manufacturing silk yarn, fabrics and made-ups, home furnishings, fashion fabric handloom fabrics, double width fabrics, scarves, laces and belts, and embroidered fabrics, operating within a single reportable segment.
Q1 Financial Performance Summary
The Unaudited Standalone Financial Results for the quarter ended June 30, 2026, are summarized below (amounts in Lakhs).| Metric | Quarter Ended June 30, 2026 | Total 2026 |
|---|---|---|
| Revenue from Operations | 142.41 | 949.72 |
| Other Income | 60.54 | 11.45 |
| Total Revenue | 203.41 | 1,531.10 |
| EBITDA | 112.57 | 927.67 |
| Profit before Interest and Tax | 54.80 | 155.91 |
| (d) Earnings Before Interest, Depreciation and Amortization | 392.55 | 1,159.15 |
| Earnings Before Tax (EBT) | 213.99 | 601.67 |
| Profit After Tax | 910.34 | 1,125.35 |
Key Corporate Updates and AGM Details
During the reporting period, Eastern Silk Industries recognized a Government Grant of ₹1,36,684 under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), which was presented as a reduction from Employee Benefits Expense in the Statement of Profit and Loss.Furthermore, the company accounted for the incremental impact resulting from the four new Labour Codes notified by the Government of India on November 21, 2025. The incremental impact amounted to ₹120.60 lakh during the financial year ended March 31, 2026, and was disclosed as an "Exceptional item" in the standalone financial results.
The Board members noted that M/s I.X. Shroff & Co had resigned as the Statutory Auditors effective June 18, 2025, prior to the issuance of this report by B K Shroff & Co.
Members' book closure for the Annual General Meeting (AGM) is scheduled from September 20, 2026, through September 26, 2026. The company will convene its 80th AGM on Saturday, September 26, 2026, at 1:00 P.M., conducted via Video-Conferencing (VC) or other Audio-Visual Means (OAVM).
EASTSILK Stock Price Movement
Today, Eastern Silk Industries Limited shares surged, closing at ₹63 after gaining 5.00%. The stock traded within a narrow intraday band of ₹58.3 and ₹63, registering a trading volume of 779 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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