Sutlej Textiles and Industries Limited — Quarter and year ended 31 March 2026
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name | Shri Alok Ohrie |
| 2. | Reasons for Change | Appointed as Additional Independent Director of the Company. |
| 3. | Date of Appointment and terms of Appointment | w.e.f. 05ᵗʰ May, 2026 for a consecutive period of 5 years. |
| 4. | Brief Profile | Shri Alok Ohrie has completed his Bachelor of Engineering in Electronics & Communication, National Institute of Technology Karnataka (NITK).
Shri Alok Ohrie is a seasoned industry leader with over three and half decades of experience in the IT and IT – enabled services sector. Most recently, Shri Ohrie served as the President and Managing Director of Dell Technologies India Ltd. from April 2013 to July 2025. Prior to that he was associated with IBM India from January 2010 to March 2013 as Vice President System and Technology Group. He was also associated with EMC from May 2008 to November 2009 and with AMD from October 2006 to May 2008 among other companies. |
| 5. | Disclosure of relationships between directors | Shri Alok Ohrie is not related to any other Directors of the Company. |
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Industry or area to which the new line of business belongs to | The proposed new line of business falls within the Technical Textiles segment – a high-growth, performance-engineered vertical at the intersection of material science and advanced manufacturing, serving critical end-use industries including automotive, healthcare, construction, agriculture, defence, and industrial safety.
STIL will enter this space through Protective Textiles as its foundational vertical – high-performance fabrics for industrial safety, thermal and flame protection, defence, and specialised workwear – one of the fastest-growing sub-segments globally, driven by tightening safety regulations and rising defence modernisation. This entry point provides a strong springboard for progressive expansion into adjacent technical textile categories. |
| 2 | Expected benefits | This strategic move is expected to provide below benefits: • Margin Accretion: Entry into specification-driven, premium-priced categories with reduced exposure to commodity cyclicality. • Differentiated Positioning: Innovation-led, performance-engineered solutions create defensible market positions, starting with Protective Textiles. • Market Expansion: Captures large, underpenetrated domestic demand and emerging global supply chain opportunities for Indian manufacturers. • Platform Synergies: Leverages STIL’s integrated fibre-to-yarn infrastructure, quality systems, and customer relationships for accelerated scale-up. • Strategic Resilience: Advances STIL’s transformation into a future-ready, innovation-led textile platform. |
| 3 | Estimated amount to be invested | The Company will pursue a capital-efficient entry strategy – leveraging existing manufacturing assets and integrated infrastructure, supplemented by incremental capex aligned to market and product opportunities. Investment sizing will be calibrated across key parameters including scale of initial operations, technology and specialised equipment procurement, research and development infrastructure, and applicable regulatory and certification requirements. |
| Sr. No. | Particulars | 3 months ended 31.03.2026 Audited (Refer Note 3) | 3 months ended 31.12.2025 Unaudited | Corresponding 3 months ended 31.03.2025 Audited (Refer Note 3) | Year ended 31.03.2026 Audited | Previous accounting year ended 31.03.2025 Audited |
|---|---|---|---|---|---|---|
| 1 | Revenue from operations | 693.02 | 635.51 | 666.02 | 2,565.68 | 2,642.36 |
| Other income | 6.27 | 4.20 | 7.80 | 18.96 | 22.61 | |
| Total income | 699.29 | 639.71 | 673.82 | 2,584.64 | 2,664.97 | |
| 2 | Expenses | |||||
| Cost of materials consumed | 371.82 | 341.55 | 362.34 | 1,410.91 | 1,489.15 | |
| Purchases of stock-in-trade | 4.65 | 5.13 | 13.22 | 19.36 | 49.32 | |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | 6.00 | (1.21) | 15.16 | (13.70) | (15.67) | |
| Employee benefits expense | 105.27 | 110.32 | 107.06 | 437.79 | 438.01 | |
| Finance costs | 17.00 | 15.94 | 15.06 | 65.79 | 61.48 | |
| Depreciation and amortisation expenses | 26.96 | 27.04 | 27.59 | 107.86 | 109.80 | |
| Other expenses: | ||||||
| – Power and fuel | 76.81 | 77.59 | 75.73 | 306.24 | 303.78 | |
| – Others | 97.40 | 81.04 | 82.94 | 338.90 | 332.20 | |
| Total expenses | 705.91 | 657.40 | 699.10 | 2,673.15 | 2,768.07 | |
| 3 | Loss before exceptional items and tax | (6.62) | (17.69) | (25.28) | (88.51) | (103.10) |
| Exceptional items (refer note 2) | 20.74 | 0.48 | 16.70 | 22.51 | 22.70 | |
| 4 | Loss before tax | (27.36) | (18.17) | (41.98) | (111.02) | (125.80) |
| Tax expenses | ||||||
| – Deferred tax | (2.54) | (7.21) | (14.20) | (31.17) | (41.60) | |
| Total tax expenses | (2.54) | (7.21) | (14.20) | (31.17) | (41.60) | |
| 5 | Loss for the period (A) | (24.82) | (10.96) | (27.78) | (79.85) | (84.20) |
| Other comprehensive income/(loss) | ||||||
| Items that will not be reclassified to profit or loss | ||||||
| Remeasurement of defined benefit plans | 6.19 | 0.86 | 0.03 | 8.81 | 3.14 | |
| Income tax relating to remeasurement of defined benefit plans | (2.21) | (0.28) | (0.28) | (3.08) | (1.10) | |
| 6 | Total other comprehensive income/(loss), net of tax for the period (B) | 3.98 | 0.58 | (0.25) | 5.73 | 2.04 |
| 7 | Total comprehensive loss for the period (A + B) | (20.84) | (10.38) | (28.03) | (74.12) | (82.16) |
| 8 | Paid-up equity share capital (Face value of Rs.1 per share) | 16.38 | 16.38 | 16.38 | 16.38 | 16.38 |
| 9 | Other equity | 803.59 | 877.71 | |||
| 10 | Earnings per equity share (Rs.) | |||||
| – Basic and diluted | (1.51) | (0.67) | (1.70) | (4.87) | (5.14) |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| A ASSETS | ||
| 1 Non-current assets: | ||
| – Property, plant and equipment | 956.08 | 998.30 |
| – Capital work-in-progress | 8.79 | 7.11 |
| – Right of use assets | 3.89 | 3.95 |
| – Intangible assets | 0.74 | 0.97 |
| – Financial assets: | ||
| (i) Investments | 0.83 | 20.74 |
| (ii) Loans | – | 7.04 |
| (iii) Other financial assets | 13.41 | 13.42 |
| – Deferred tax Assets (Net) | 35.57 | 7.48 |
| – Other tax assets (net) | 2.86 | 3.17 |
| – Other non-current assets | 29.05 | 24.93 |
| Total – non-current assets | 1,051.22 | 1,087.11 |
| 2 Current assets: | ||
| – Inventories | 505.58 | 504.87 |
| – Financial assets: | ||
| (i) Trade receivables | 373.51 | 345.94 |
| (ii) Cash and cash equivalents | 2.33 | 3.85 |
| (iii) Bank balances other than (ii) above | 8.58 | 7.51 |
| (iv) Loans | 8.39 | – |
| (v) Other financial assets | 51.81 | 47.16 |
| – Other tax assets (net) | 3.06 | – |
| – Other current assets | 47.83 | 38.97 |
| – Assets classified as held for sale | 0.13 | 7.94 |
| Total – Current assets | 1,001.22 | 956.24 |
| TOTAL – ASSETS | 2,052.44 | 2,043.35 |
| B EQUITY AND LIABILITIES | ||
| 1 Equity: | ||
| – (i) Equity share capital | 16.38 | 16.38 |
| – (ii) Other equity | 803.59 | 877.71 |
| Total – Equity | 819.97 | 894.09 |
| 2 Non-Current Liabilities: | ||
| – Financial liabilities: | ||
| (i) Borrowings | 333.40 | 324.66 |
| (ii) Lease liabilities | 0.56 | 0.56 |
| (iii) Other financial liabilities | 6.52 | 6.52 |
| – Provisions | 10.09 | 12.73 |
| – Other non-current liabilities | 0.85 | 1.85 |
| Total – Non-current liabilities | 351.42 | 346.32 |
| 3 Current Liabilities: | ||
| – Financial Liabilities: | ||
| (i) Borrowings | 595.71 | 551.31 |
| (ii) Trade payables | ||
| (a) Total outstanding dues of micro and small enterprises | 39.02 | 28.51 |
| (b) Total outstanding dues of creditors other than micro and small enterprises | 139.09 | 130.89 |
| (iii) Other financial liabilities | 71.81 | 56.82 |
| – Other current liabilities | 20.33 | 19.80 |
| – Provisions | 15.09 | 15.61 |
| Total – Current Liabilities | 881.05 | 802.94 |
| Total Liabilities | 1,232.47 | 1,149.26 |
| TOTAL – EQUITY AND LIABILITIES | 2,052.44 | 2,043.35 |
| Particulars | For the year ended 31 March 2026 (Audited) | For the year ended 31 March 2025 (Audited) |
|---|---|---|
| A. Cash flow from operating activities | ||
| Loss before tax | (111.02) | (125.80) |
| Adjustments for: | ||
| – Depreciation and amortisation expense | 107.86 | 109.80 |
| – Gain on sale/discard of property, plant and equipment (net) | (2.63) | (4.32) |
| – Finance costs (net of interest subsidies) | 65.79 | 61.48 |
| – Interest income | (7.40) | (8.43) |
| – Deferred government grants | (1.00) | (1.03) |
| – Loss allowance for doubtful debts | 0.25 | 3.73 |
| – Provision for claims/contingencies | 4.27 | – |
| – Unrealised (gain)/ loss on foreign currency fluctuations (net) | (3.43) | 0.67 |
| – Fair value (gain)/ loss on derivatives | 12.50 | (0.81) |
| – Impairment loss on investment in wholly owned subsidiary | 20.74 | 22.70 |
| – Loss on sale of captive co-generation power plant | 1.29 | – |
| – Provision no longer required and unclaimed balances written back | (1.06) | (1.58) |
| Operating profit before working capital adjustment | 86.16 | 56.41 |
| Working capital adjustments: | ||
| – Decrease/ (Increase) in inventories | (0.71) | (7.54) |
| – (Increase) in trade receivables | (19.61) | (6.61) |
| – (Increase)/ Decrease in other financial assets | (5.64) | 15.01 |
| – (Increase) in other assets | (10.57) | (2.46) |
| – Increase in trade payables | 19.34 | 10.03 |
| – Increase/(Decrease) in other financial liabilities | 2.90 | (1.17) |
| – Increase in provisions | 1.38 | 5.38 |
| – Increase in other liabilities | 3.67 | 0.76 |
| Cash generated from operations | 76.92 | 69.81 |
| Income tax paid (net of refund) | (2.75) | (0.12) |
| Net cash generated from operating activities | 74.17 | 69.69 |
| B. Cash flow from investing activities | ||
| Proceed from maturity of bank deposits | 6.57 | 44.12 |
| Investment in bank deposits | (7.64) | (48.69) |
| Interest received | 6.93 | 7.92 |
| Investment in equity shares | (5.71) | – |
| Investment in wholly owned subsidiary | – | (28.30) |
| Purchase of property, plant and equipment (including CWIP and intangible assets) | (64.35) | (65.06) |
| Loan to wholly owned subsidiary | – | (6.42) |
| Refund received from Small Industries Development Corporation (SIDCO) | – | 31.21 |
| Proceeds from sale of property, plant and equipment | 6.83 | 5.69 |
| Net cash used in investing activities | (57.37) | (59.53) |
| C. Cash flow from financing activities | ||
| Principal repayment of long term borrowings | (129.47) | (96.04) |
| Proceeds from long term borrowings | 135.00 | 179.80 |
| Net proceeds/ (repayment) of short term borrowings | 42.96 | (29.66) |
| Finance costs paid (net of interest subsidies) | (66.76) | (62.99) |
| Repayment of lease liabilities (including interest) | (0.05) | (0.06) |
| Net cash used in financing activities | (18.32) | (8.95) |
| Net increase/ (decrease) in cash and cash equivalents | (1.52) | 1.21 |
| Cash and cash equivalents at the beginning of the year | 3.85 | 2.64 |
| Cash and cash equivalents at the end of the year | 2.33 | 3.85 |
| Net increase/(decrease) in cash and cash equivalents | (1.52) | 1.21 |
| Sr. No. | Particulars | 3 months ended 31.03.2026 Audited (Refer Note 3) | Preceding 3 months ended 31.12.2025 Unaudited | Corresponding 3 months ended in the previous year 31.03.2025 Audited (Refer Note 3) | Year ended 31.03.2026 Audited | Previous accounting year ended 31.03.2025 Audited |
|---|---|---|---|---|---|---|
| 1 Segment revenue: | ||||||
| (a) Yarn |