HP Cotton Textile Mills Ltd (502873)

HP Cotton Textile Mills has received a final settlement order under the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2026. The company resolved an aggregate original demand of Rs 21.20 lakh for entry tax (AY 2015-16 to 2017-18) by paying Rs 7.29 lakh. All related pending appeals before tax tribunals and courts stand successfully withdrawn and closed. The settlement amount represents less than 0.1% of TTM revenue (Rs 127 crore), resulting in no material impact on the company's financial operations.

• Resolved Entry Tax demand for assessment years 2015-16, 2016-17, and 2017-18
• Settlement completed for Rs 7.29 lakh against the original demand of Rs 21.20 lakh
• Order received on October 14, 2026 from the Excise and Taxation Officer-cum-Assessing Authority, Ward-6, Hisar
• All pending appeals before appellate authorities, Haryana Tax Tribunal, and High Court/Supreme Court stand withdrawn

HP Cotton Textile Mills Ltd has filed a settlement application under the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2026. The settlement addresses an original entry tax demand of ₹21.20 lakh for FY 2015-16, 2016-17, and 2017-18 raised by the Assessing Authority in Hisar. The company has paid ₹7.29 lakh toward resolving the demand and awaits the final settlement order. The financial impact is minimal relative to the company's TTM revenue of ₹127 crore and TTM PAT of ₹3 crore.

• Application filed under Haryana One Time Settlement Scheme for outstanding entry tax dues
• Original demand raised by Ward-6, Hisar authority was ₹21.20 lakh across FY16, FY17, and FY18
• Company deposited ₹7.29 lakh on September 28, 2026 towards the settlement
• Final settlement order from the assessing authority remains awaited

HP Cotton Textile Mills Limited has dispatched intimations to shareholders whose email IDs are not registered with the company or depositories as of the cut-off date of August 19, 2026. The communication provides web links to access the Annual Report for FY 2025-26 and the Notice for the 45th Annual General Meeting (AGM). The AGM is scheduled to be conducted via Video Conferencing on Friday, September 18, 2026, at 12:30 PM IST. This is a procedural compliance filing under SEBI LODR Regulation 36(1)(b).

• 45th Annual General Meeting scheduled for September 18, 2026, at 12:30 PM IST via VC/OAVM
• Shareholder email registration cut-off date was August 19, 2026
• Dispatched compliance letter pursuant to Regulation 36(1)(b) of SEBI LODR Regulations
• FY 2025-26 Annual Report and AGM Notice made accessible on the company's website

HP Cotton Textile Mills Limited has issued the notice for its 45th Annual General Meeting (AGM) scheduled for Friday, September 18, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 financial statements, the re-appointment of Independent Director Vikram Sumatilal Sheth for a five-year term (2027–2032), and approval of revised remuneration for Executive Director, CEO & CFO Raghavkumar Agarwal effective December 1, 2026. Mr. Agarwal's remuneration stood at ₹65.31 lacs in FY26 compared to ₹59.62 lacs in FY25.

• 45th Annual General Meeting scheduled for September 18, 2026 at 12:30 PM IST via VC/OAVM
• Special resolution proposed to revise remuneration of Executive Director, CEO & CFO Raghavkumar Agarwal from December 1, 2026
• Remuneration of Mr. Raghavkumar Agarwal was ₹65.31 lacs in FY26 and ₹59.62 lacs in FY25
• Re-appointment of Independent Director Vikram Sumatilal Sheth proposed for a 5-year term from April 30, 2027 till April 29, 2032
• Aggregate foreign shareholding stood at approximately 0.62% as on March 31, 2026

HP Cotton Textile Mills Limited has submitted its Annual Report for FY2025-26 along with the notice of the 45th Annual General Meeting (AGM) pursuant to Regulation 34 of SEBI LODR. The AGM is scheduled to be held on September 18, 2026, via video conferencing. Key AGM agenda items include the adoption of FY26 financial statements, the re-appointment of Independent Director Vikram Sumatilal Sheth for a 5-year term starting April 30, 2027, and approval for revised managerial remuneration for CEO & CFO Raghavkumar Agarwal effective December 1, 2026.

• 45th Annual General Meeting scheduled for September 18, 2026, at 12:30 PM IST via VC/OAVM
• Special resolution proposed for re-appointment of Independent Director Vikram Sumatilal Sheth for 5 years (April 30, 2027 to April 29, 2032)
• Proposed revision in remuneration of Executive Director, CEO & CFO Raghavkumar Agarwal effective December 01, 2026
• Consideration and adoption of FY26 audited standalone and consolidated financial statements

HP Cotton Textile Mills has announced its 45th Annual General Meeting (AGM) will be held on September 18, 2026. The company has established September 11, 2026, as the cut-off date for determining shareholder eligibility for electronic voting. This is a standard procedural filing for the Rs 39 Cr market cap company. Investors should monitor the upcoming Annual Report for management commentary on the company's high debt-to-equity ratio of 2.05 and stagnant profit growth.

• 45th Annual General Meeting scheduled for September 18, 2026
• Cut-off date for voting eligibility set as September 11, 2026
• Meeting to be conducted via Video Conference at 12:30 PM
• Company maintains a high Debt-to-Equity ratio of 2.05 with Rs 39 Cr in total debt

HP Cotton Textile Mills reported a consolidated net profit of ₹1.02 crore for Q1 FY27, a 20% increase from ₹0.85 crore in the same quarter last year. This bottom-line growth occurred despite a 13.2% year-on-year decline in revenue from operations, which fell to ₹31.18 crore. The improvement in profitability was largely driven by a reduction in total expenses, particularly raw material costs which dropped to ₹11.55 crore from ₹14.39 crore YoY. Additionally, the board approved the re-appointment of Independent Director Vikram Sumatilal Sheth for a second five-year term starting April 2027.

• Consolidated Net Profit increased to ₹1.02 crore in Q1 FY27 compared to ₹0.85 crore in Q1 FY26.
• Revenue from operations declined by 13.2% YoY to ₹31.18 crore from ₹35.91 crore.
• Total expenses were reduced to ₹30.12 crore from ₹34.80 crore in the previous year's corresponding quarter.
• Earnings Per Share (EPS) for the quarter improved to ₹2.60 from ₹2.17 YoY.
• Independent Director Vikram Sumatilal Sheth re-appointed for a 5-year term effective April 30, 2027.

HP Cotton Textile Mills Ltd has scheduled a board meeting for August 07, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company currently operates with a TTM revenue of ₹132 Cr and a thin net profit of ₹3 Cr. The trading window for insiders has been closed since July 01, 2026, and will reopen 48 hours after the results are announced. This is a routine regulatory filing ahead of the quarterly earnings release.

• Board meeting scheduled for August 07, 2026, to approve Q1 results
• Trading window closed from July 01, 2026, until 48 hours post-result declaration
• Company reported TTM revenue of ₹132 Cr and TTM PAT of ₹3 Cr
• Debt-to-Equity ratio stands high at 2.05 with ₹39 Cr in debt
• Market capitalization is relatively small at ₹41 Cr