Nandan Denim Limited Approves Unaudited Results and Re-appoints Managing Director

Nandan Denim Limited Approves Unaudited Results and Re-appoints Managing Director​

Nandan Denim Limited announced key outcomes from its Board of Directors meeting held on August 12, 2026. The Board approved the unaudited financial results for the quarter ended June 30, 2026. Additionally, the company approved the re-appointment of Mr. Jyotiprasad Devkinandan Chiripal as a Managing Director.

The meeting saw the approval of the company's un-audited results for the three-month period ending June 30, 2026. These results were reviewed and endorsed by the Audit Committee prior to the Board’s decision.

Re-appointment of Managing Director​

The Board, acting on the recommendation of the Nomination & Remuneration Committee, approved the re-appointment of Mr. Jyotiprasad Devkinandan Chiripal as a Managing Director for a further term of five years. This appointment is effective from June 1, 2027, to May 31, 2032, subject to shareholder approval.

Mr. Chiripal, who has over 40 years of business experience in the fabric and yarn industry, joined Nandan Denim Limited as Managing Director in 2017 and was previously re-appointed effective June 01, 2022. His expertise spans finance, production, marketing, and new customer development within the Chiripal Group companies.

The company also reported that Mr. Jyotiprasad Devkinandan Chiripal is related to Mr. Deepak Chiripal (CEO of the Company), who is his son.

Quarterly Financial Performance Snapshot​

Nandan Denim Limited released its Standalone Unaudited Results for the Quarter ended June 30, 2026. The results reflect varied performance metrics across key operational areas.

The financial data for the quarter ending June 30, 2026, is presented below:

Operational Milestone Achieved​

In a strategic move to secure power generation capacity, Nandan Denim Limited entered into a Share Transfer cum Shareholders’ Agreement with M/s Opera Vayu (Narmada) Private Limited and Shivman Wind Energy Private Limited. The agreement involves the acquisition of 40,02,096 equity shares (representing 6.1%) in Opera Vayu (Narmada) Private Limited for a total consideration of X 4,00,20,960/- on July 13, 2026, as part of the group captive renewal power route initiative.

NDL Stock Price Movement​

Nandan Denim Limited shares edged higher to close on Wednesday, gaining 2.16% as the stock settled at ₹2.34 per share. The equity witnessed considerable market activity during the day, with a total traded volume amounting to 748,908 shares.