Alpine Texworld Limited

About Alpine Texworld Limited

Our Company, incorporated in February 2016 and commenced its production in April 2017 with commencement of its weaving unit including the sizing plant at Block No. 614-1105, Village-Paldi, Pirana Miroli Road, Paldi Kankaj, Ahmedabad, Dascroi, Gujarat, India, 382425 (“Manufacturing Unit 1”). Subsequently, in March 2025, the Company expanded its manufacturing unit by commencing its spinning unit at Block no. 1105, Old Block no. 614 (Old Survey no. 306), Mouje Paldi Kankaj. Taluka Dascroi, Dist Ahmedabad, Ahmedabad - 11 (Aslali) (“Manufacturing Unit 2”). The Manufacturing Unit 2 is obtained on a leasehold basis from one of its group company, Alpine Weaving Private Limited and the same is situated adjacent to Manufacturing Unit 1. The decision to establish the proposed spinning plant at Manufacturing Unit 2 ensures operational synergies and management efficiencies with our existing Manufacturing Unit 1. The Manufacturing Unit 1 and Manufacturing Unit 2 collectively includes main building sheds, effluent treatment plants, boiler foundations, machineries, office spaces, raw material storage areas, electrical rooms, water tanks, coal yards, and other auxiliary structures. Our Company has grown into a vertically integrated textile manufacturer with capabilities in weaving and spinning. Our Company procures processed cotton which is subject to open-end spinning, resulting in Yarns of varying thicknesses. The Yarns are then woven into Grey Fabric using looms. We have outlined the detailed process in our Chapter, “Our Business – Manufacturing/Production Process” on page 232. Our Company had installed a rooftop solar plant at (i) Manufacturing Unit 1 with a capacity of 820 KW of solar energy in January 2024 (“Solar Unit 1”), and (ii) Manufacturing Unit 2 with a capacity of 475 KW of solar energy in November 2025 (“Solar Unit 3”). In addition to the rooftop solar panels, our Company has installed ground mounted solar panels at Survey No., 216 (Old Survey No. - 51/2), Khata No. 190, Village - Makhanu, Taluka - Deodar, District – Banaskantha and Survey No., 221 (Old Survey No. - 51/1), Khata No. 190, Village - Makhanu, Taluka - Deodar, District – Banaskantha (“Solar Unit 2”) in March 2025 with a capacity of 5.4 megawatts and in April 2026 with an additional capacity of 3.6 megawatts of solar energy, which has further reduced dependency on grid power and promoted cost efficiency. The generated electricity offsets our Company’s power consumption, with Uttar Gujarat Vij Company Limited adjusting the same against energy bills. Our key performance indicators for the Fiscals 2026, 2025 and 2024 as per Restated Consolidated and Standalone Financial Information are as follows: Particulars Fiscal 2026 Fiscal 2025 Fiscal 2024 Consolidated Consolidated Standalone Revenue from Operations (₹ in million) (1) 3,427.13 2,373.24 1,836.03 Gross Profit (₹ in million) (2) 923.23 578.82 451.85 Gross Profit Margin (%) (3) 27.20% 24.39% 24.61% EBITDA (₹ in million) (4) 474.48 270.00 199.06 EBITDA Margin (%) (5) 13.84% 11.38% 10.84% Profit After Tax (₹ in million) (6) 217.16 86.26 48.81 PAT Margin (%) (7) 6.34% 3.63% 2.66% RoCE (%) (8) 17.56% 12.18% 12.12% RoE (%) (9) 33.85% 18.08% 12.17% Debt to Equity Ratio (10) 2.35 3.14 1.80 Notes: 1) Revenue from Operations means the Revenue from Operations as appearing in the Restated Consolidated and Standalone Financial Information. 2) Gross Profit is calculated from the revenue from operations as reduced by Cost of materials consumed, Purchase of traded goods and Changes in inventories of finished goods and work-in-progress. 3) Gross Profit Margin is calculated as Gross Profit divided by Revenue from Operations. 4) EBITDA is calculated as Restated Profit Before Exceptional Items and Tax added by finance costs and depreciation and amortization expenses reduced by other income. 5) EBITDA Margin (%) is calculated as EBITDA divided by Revenue from Operations. 6) Profit After Tax Means Profit for the year. 7) PAT Margin (%) is calculated as Profit After Tax as a percentage of Revenue from Operations. 8) RoCE (Return on Capital Employed) (%) is calculated as earnings before interest and taxes (Profit Before Exceptional Items and Tax added by Interest Expense/finance costs) divided by average capital employed ((Opening capital employed + Closing capital employed) / 2). Capital Employed includes Total equity, Long-Term Borrowing & Short-Term Borrowing, Deferred Tax Assets / Liabilities, Lease Liabilities reduced by Right of Use Asset. 9) RoE (Return on Equity) (%) is calculated as profit after tax for the year / period divided by Average Total Equity ((Opening Total Equity 360 + Closing Total Equity) / 2). 10) Debt to Equity Ratio is calculated as Total debt divided by Total equity where total debt refers to sum of current & non-current borrowings. Note: The figures above have been certified by our Statutory Auditors, M/s Suresh Chandra & Associates, Chartered Accountants vide their certificate dated June 8, 2026 having UDIN: 26128896BZRKBJ7050. Operational Key Performance Indicators (KPIs) of our Company and Subsidiary Particulars For the year ended on March 31, 2026 March 31, 2025 March 31, 2024 Consolidated Consolidated Standalone Average Capacity Utilization (%) Weaving units** 107.30* 106.51* 95.41 Spinning unit 88.50 - - Production quantity Weaving units** (metres in lakhs) 296.15 293.96# 171.74 Spinning unit (metric tons) 5,309.84 $- - #Actual production of the Company has been considered on an actual basis, whereas the production of the subsidiary has been annualised based on the production undertaken on or after October 29, 2024. $The Company has commenced operations for Manufacturing Unit 2 from March 28, 2025, however, given the minimal scale of production, the same has not been considered in the above table. *Variation in the number of picks inserted during production process results in a corresponding variation in the production output. Accordingly, the actual production achieved may differ from the installed production output on account of such variations. In line with the above, during Fiscals 2025 and 2026, the Company on consolidated level has recorded higher production output as compared to its installed capacity. **Weaving units refer to Manufacturing Unit 1 and manufacturing unit of subsidiary. Notes: 1) Average capacity utilization is calculated from dividing the act