Acknit Industries Ltd

ACKNIT INDUSTRIES LIMITED informed the BSE Ltd. and The Calcutta Stock Exchange Ltd. on August 26, 2026, of the passing of Independent Director Shankar Lal Bajaj, (DIN:00619282), who died on August 21, 2026, resulting in his ceasing to be a director of the company effective that date, and the company acknowledged a delay in disclosing the information due to lack of awareness until August 26, 2026.

Acknit Industries Limited will seek shareholder approval at its upcoming Annual General Meeting to re-appoint or appoint five directors for terms of five years. Proposed for re-appointment are Rajarshi Ghosh, Shankar Lal Bajaj, and Deo Kishan Saraf, while Tushar Jhunjhunwala and Amitava Mazumder are candidates for appointment. Ghosh, aged 59, holds 228,532 shares in Acknit Industries and Saraf, also holding 228,532 shares, is the brother of the Managing Director. Bajaj, 82, and Jhunjhunwala, 46, also hold directorships in several other companies. Independent directors will receive sitting fees of Rs. 48,000 per meeting, and no other remuneration.

Acknit Industries Limited will seek shareholder approval at its upcoming annual general meeting to re-appoint Managing Director Deo Kishan Saraf for a second five-year term, extending through June 2031. The company is also proposing the appointment of Tushar Jhunjhunwala and Amitava Mazumdar for five-year terms beginning July 2026, and the re-appointment of Rajarshi Ghosh for a similar duration. Saraf, who first joined the board in 1990, holds 228,532 shares and is brother to another director, Shri Krishan Saraf. The proposed directors will each receive Rs. 48.00 lakhs in sitting fees, and possess expertise in areas including finance, manufacturing, and logistics. The appointments are subject to regulatory approvals and shareholder vote.

ACKNIT INDUSTRIES LIMITED will hold a board meeting on Monday, 10th August, 2026, to consider and approve the unaudited financial results for the quarter ended 30th June, 2026, according to a regulatory filing with the BSE Ltd. and The Calcutta Stock Exchange Ltd. The trading window for company insiders will close from 1st July, 2026, and reopen 48 hours after the results are released on 10th August, 2026.

Acknit Industries announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

Net profit of Acknit Industries rose 14.24% to Rs 3.61 crore in the quarter ended March 2026 as against Rs 3.16 crore during the previous quarter ended March 2025. Sales rose 2.15% to Rs 66.88 crore in the quarter ended March 2026 as against Rs 65.47 crore during the previous quarter ended March 2025. For the full year,net profit declined 9.11% to Rs 8.18 crore in the year ended March 2026 as against Rs 9.00 crore during the previous year ended March 2025. Sales rose 0.02% to Rs 240.43 crore in the year ended March 2026 as against Rs 240.37 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales66.8865.47 2 240.43240.37 0 OPM %9.518.68 -7.337.46 - PBDT5.655.08 11 14.0815.46 -9 PBT4.814.26 13 10.9112.15 -10 NP3.613.16 14 8.189.00 -9 Powered by Capital Market - Live

Acknit Industries will hold a meeting of the Board of Directors of the Company on 27 May 2026.

Net profit of Acknit Industries declined 17.51% to Rs 1.46 crore in the quarter ended December 2025 as against Rs 1.77 crore during the previous quarter ended December 2024. Sales declined 6.84% to Rs 51.50 crore in the quarter ended December 2025 as against Rs 55.28 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales51.5055.28 -7 OPM %7.156.66 - PBDT2.703.06 -12 PBT1.902.25 -16 NP1.461.77 -18 Powered by Capital Market - Live

Acknit Industries will hold a meeting of the Board of Directors of the Company on 11 February 2026.Powered by Capital Market - Live

Net profit of Acknit Industries declined 32.21% to Rs 1.41 crore in the quarter ended September 2025 as against Rs 2.08 crore during the previous quarter ended September 2024. Sales rose 7.07% to Rs 66.80 crore in the quarter ended September 2025 as against Rs 62.39 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales66.8062.39 7 OPM %5.496.94 - PBDT2.683.72 -28 PBT1.922.92 -34 NP1.412.08 -32 Powered by Capital Market - Live