Shree Balaji (Mala) Textiles Ltd

Shree Balaji (Mala) Textiles Limited appointed Ms. Harsha Pugalia as Secretarial Auditor for five years commencing Financial Year 2026-27, and A T R S & CO. as Internal Auditor for Financial Year 2026-27, at a board meeting held on August 31, 2026, the company said. The board also approved convening the 21st Annual General Meeting of shareholders on September 30, 2026, through video conference or other audio-visual means.

Shree Balaji (Mala) Textiles Limited appointed Ms. Harsha Pugalia as Secretarial Auditor for five consecutive years starting Financial Year 2026-27, and A T R S & CO. as Internal Auditor for Financial Year 2026-27, both appointments made at a board meeting held August 31, 2026, the company said in a filing. The board also approved convening the 21st Annual General Meeting of shareholders on September 30, 2026, through video conference or other audio-visual means.

Shree Balaji (Mala) Textiles Limited will hold a meeting of its Board of Directors on Monday, August 31, 2026, to discuss the company's performance and other items, according to a regulatory filing with the BSE Limited.

Shree Balaji (Mala) Textiles Limited will hold a meeting of its Board of Directors on Tuesday, August 18, 2026, to discuss the company's performance and other items, according to a regulatory filing with the BSE Limited.

The scrip was listed at Rs 133, a 90% premium to the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 139.65 and a low of Rs 126.35. About 10.24 lakh shares of the company changed hands at the counter. Shree Balaji (Mala) Textiles' IPO was subscribed 186.34 times. The issue opened for bidding on 22 July 2026 and it closed on 24 July 2026. The price band of the IPO was fixed between Rs 66 to Rs 70 per share. The IPO comprised 27,00,000 equity shares. The company intends to utilize the net proceeds for funding the working capital requirements of the company and general corporate purposes. Ahead of the IPO, Shree Balaji (Mala) Textiles on 21 June 2026, raised Rs 5.35 crore from anchor investors. The board allotted 7.64 lakh shares at Rs 70 each to 4 anchor investors. Shree Balaji (Mala) Textiles is a B2B manufacturer and wholesaler of cotton sarees, marketing its products under the Mala Saree brand. Based in Jetpur, the company operates a nationwide distribution network comprising over 105 brokers, 13 dealers, 69 wholesalers and around 3,000 retailers. It has been active in the cotton saree business since the 1990s and employed 47 people as of the latest available data. The company recorded consolidated revenue from operations of Rs 211.97 crore and consolidated net profit of Rs 5.85 crore for the period ended 31 March 2026. Powered by Capital Market - Live