Sangam (India) Ltd

Sangam (India) Limited has allotted 18,00,000 warrants convertible into equity shares on a preferential basis to promoters and promoter group entities, including Mr. Pranal Modani, Mr. Vinod Kumar Sodani, Ms. Antima Soni, Ms. Anjana Soni Thakur, Ms. Krippie Soni, Sangam E-com Limited, and Nidhi Mercantiles Limited. The allotment, totaling Rs 100,00,08,000, was approved by shareholders on August 12, 2026, and approved in-principle by the National Stock Exchange of India Limited and BSE Limited on September 7, 2026. The company has received Rs 25,00,02,000 as a warrant subscription amount, and the warrants can be converted into equity shares within 18 months, on or before March 10, 2028.

Sangam (India) Limited clarified that Mrs. Krippie Soni’s category will be read as Promoter Group instead of Promoter, correcting a resolution passed at an Extraordinary General Meeting of the members of the company held on August 12, 2026, as detailed in the First Corrigendum dated July 30, 2026, and the Second Corrigendum dated August 7, 2026.

Sangam (India) Limited held an Extra-Ordinary General Meeting (EGM) on Wednesday, August 12, 2026, via video conferencing, where shareholders approved the issuance of 18,000,000 warrants convertible into equity shares to promoters and promoter group entities on a preferential basis. The meeting, chaired by Ram Pal Soni, was attended by 97 members and included Anurag Soni, Managing Director, and other directors and representatives. B.K. Sharma & Associates will scrutinize the votes, and the results will be submitted to the Bombay Stock Exchange Ltd. and The National Stock Exchange of India Ltd.

Sangam (India) Limited announced a second corrigendum to the notice of its Extra Ordinary General Meeting, incorporating additional disclosures and amendments related to a proposed preferential issue. The company intends to utilize Rs 100.00 crore raised through the issuance of warrants for capital expenditure programs, including expansion and modernization of manufacturing facilities for cotton yarn, recycled polyester fibre, denim fabric, and garment manufacturing, among other purposes, with a tentative completion date of March 31, 2029. Brickwork Ratings India Private Limited has been appointed as the monitoring agency for the utilization of the issue proceeds.

This document is a corrigendum to the notice of an Extraordinary General Meeting (EGM) for Sangam (India) Limited, outlining amendments to several points within the original explanatory statement. The changes primarily detail specifics regarding a preferential issue of warrants, including the intended subscribers, the post-issue shareholding pattern, the utilization of funds, and a certificate from a practicing company secretary confirming compliance with regulatory requirements. The corrigendum emphasizes that all amended details are accessible on the company's website and those of the stock exchanges, and that the revised notice should be read in conjunction with this corrigendum.

Sangam (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 August 2026.

Net profit of Sangam (India) rose 1825.82% to Rs 41.02 crore in the quarter ended June 2026 as against Rs 2.13 crore during the previous quarter ended June 2025. Sales rose 8.94% to Rs 860.35 crore in the quarter ended June 2026 as against Rs 789.77 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales860.35789.77 9 OPM %12.257.30 - PBDT82.4740.07 106 PBT56.814.19 1256 NP41.022.13 1826 Powered by Capital Market - Live

Sangam (India) will hold a meeting of the Board of Directors of the Company on 18 July 2026.

Sangam (India) announced that the Annual General Meeting(AGM) of the company will be held on 29 June 2026.

Revenue from operations rose 20.37% year on year (YoY) to Rs 883.93 crore in Q4 FY26. Profit before tax stood at Rs 45.09 crore in Q4 FY26, up 252.26% as against Rs 12.80 crore in Q4 FY25. EBITDA stood at Rs 98 crore in Q4 FY26, up 40.7% YoY. EBITDA margin jumped to 11.2% in Q4 FY26, compared with 9.3% in Q4 FY25. Ram Pal Soni, Founder & Chairman, Sangam India, said, 'FY26 has been a landmark year for Sangam (India), driven by disciplined strategic execution, a higher proportion of value-added product (VAP) segments, and a strong focus on sustainability and innovation. We achieved a 12.9% YoY revenue growth, reaching Rs 3,243 crore, supported by healthy volume expansion and sustained demand across key domestic and global markets. Our gross margin of 40.1% reflects continued efforts toward cost optimization, operational efficiency, and an improved product mix. PAT increased to Rs. 83 crore and margins expanding by 240 basis points, reflecting the combined impact of operating leverage, better cost control, and an improved business mix. Strategic milestones marked our progress during the year: Continued expansion in renewable energy initiatives, including key power agreements. Strengthened global footprint, with exports reaching an all-time high of Rs 1,167 crore, reflecting deeper market penetration. We also maintain a strong liquidity position with treasury investment and cash and cash equivalent of Rs 195 crore, providing financial flexibility and reinforcing balance sheet resilience. As we look ahead, our focus remains clear: to further strengthen our position as a trusted, integrated textile player, creating long-term value through innovation, operational agility, sustainability, and a customer-centric growth strategy.' Sangam (India) announced that its board has recommended a dividend of 20%, equivalent to Rs 2 per equity share of face value Rs 10 each, for the financial year ended 31 March 2026. Sangam (India) is engaged in the business of manufacturing and selling of Synthetic Blended, Cotton & Texturised yarn, Fabrics, Denim Fabrics and readymade seamless garment.