AYM Syntex Ltd Management Discussions

This discussion covers the financial results, operational performance and other developments for the financial year ended March 31, 2026 in respect of AYM Syntex Limiteds business. The Management Discussion and Analysis (MD&A) should be read in concurrence with the Audited Financial Statements of AYM Syntex Limited Limited, and the notes for the financial year ended March 31, 2026.

Cautionary Statement

The statements made in this Management Discussion and Analysis that pertain to the Companys objectives, plans, estimates, and expectations may be considered forwardlooking statements under applicable laws and regulations. These statements, which discuss future performance and outcomes, are based on Managements current plans and assumptions using available information. However, these statements are subject to various risks, uncertainties, and potential inaccuracies in assumptions. Such forward-looking statements can be identified by the use of words like anticipate, estimate, expects, projects, intends, plans, believes, aims, drive towards or similar expressions. While we have exercised prudence in our assumptions, we cannot assure that these forward-looking statements will materialise. We undertake no obligation to publicly update any such statement, whether due to new information, future events, or other circumstances.

Economic Overview

Global Economy

The global economy expanded by 3.2% in 2025 (IMF), demonstrating resilience amid a year shaped by heightened geopolitical tensions, evolving trade policies, and continued uncertainty across international markets. While inflation moderated across many advanced economies and monetary conditions gradually improved, businesses continued to navigate a challenging operating environment characterised by shifting tariff regimes, supply chain realignments, and cautious investment activity.

Indian Economy

Against this backdrop, India continued to reinforce its position as one of the worlds fastest- growing major economies, recording 7.7% real GDP growth during FY 2025-26 (MoSPI). Strong domestic demand, sustained public capital expenditure, expanding manufacturing activity, and resilient services sector growth continued to support economic momentum. Policy initiatives focused on infrastructure development, industrial expansion, and ease of doing business further supported Indias long-term growth outlook.

Looking ahead, the Reserve Bank of India projects real GDP growth of 6.7% for FY 202627, supported by continued domestic demand and investment activity. Headline CPI inflation is projected at 4.0%,

Trade remained one of the defining themes of the year. The introduction of new tariff measures by the United States, together with changing global trade dynamics and ongoing geopolitical conflicts, influenced cross-border commerce and prompted manufacturers to diversify sourcing strategies and improve supply chain resilience. Despite these headwinds, manufacturing activity remained supported by continued investments in technology, operational efficiency, and regional production networks.

reflecting a stable macroeconomic environment that is expected to support sustained industrial and economic growth.

Sources:

Ministry of Statistics & Programme Implementatiom

International Monetary Fund

Industry Overview

Global Textile Industry

During FY 2025-26, Manufacturers navigated changing trade policies, higher tariff barriers, geopolitical uncertainties, and continued supply chain realignments, prompting greater emphasis on diversified sourcing, operational resilience, and regional manufacturing ecosystems. At the same time, growing demand for sustainable materials, technical textiles, and value-added products continued to reshape customer preferences and investment priorities across global markets.

Despite these near-term challenges, the industrys long-term outlook remains positive. Increasing consumer demand, expanding applications across automotive, healthcare, construction, and industrial sectors, together with the accelerating adoption of sustainable and circular textiles, continue to support structural growth. Asia-Pacific remains the largest and fastest-growing textile manufacturing region, supported by its integrated supply chains, manufacturing capabilities, and growing domestic markets.

The global textile market is estimated at USD 760.3 billion in 2025 and is projected to reach USD 974.4 billion by 2030, growing at a CAGR of 5.1%. This growth is expected to be driven by increasing demand for high-performance fibres, sustainable materials, technical textiles, and continued investments in manufacturing innovation and digitalisation.

Source: World Trade Organization

Indian Textile Industry

Indias textile industry remained one of the worlds largest and most diversified manufacturing sectors during FY 2025-26. Supported by a comprehensive value chain, a strong manufacturing base, and continued policy support, the industry remained resilient despite evolving global trade dynamics and geopolitical uncertainties. As international supply chains continued to diversify, Indias competitiveness as a global sourcing destination gained further momentum.

The industrys export performance reflected this resilience. Textile exports reached Rs.3.16 lakh Cr during FY 2025-26, registering growth of 2.1% over the previous year. Within this, man-made yarn, fabrics, and made-ups recorded export growth of 3.6%, reinforcing the growing demand for man-made fibre-based products and higher- value textile applications. Ready-made garment exports also remained strong, growing by 2.9% during the year.

Long-term growth continues to be supported by sustained investments in manufacturing competitiveness, technical textiles, and modern production infrastructure. Government initiatives, including the PM MITRA Parks, Production Linked Incentive (PLI) Scheme, National Technical Textiles Mission, RoDTEP, and RoSCTL, continue to support capacity creation, technology adoption, innovation, and export competitiveness across the textile value chain.

With increasing emphasison value-added products, sustainability, and specialised applications, the Indian textile industry remains well positioned to expand its role within global manufacturing and supply chains while creating new opportunities across domestic and international markets. Looking ahead, the industrys long-term outlook remains strong. Indias textiles and apparel market is projected to reach Rs.30 lakh Cr by 2030, while textile and apparel exports are expected to grow to approximately Rs.8.6 lakh Cr. Continued investments in manufacturing, technical textiles, man-made fibres, sustainability, and technology adoption are expected to expand Indias competitiveness while creating new opportunities across domestic and international markets.

Sources:

Ministry of Textiles

India Brand Equity Foundation

Risk Governance and Management

Effective risk management remains integral to the way AYM Syntex Limited plans, operates, and grows. The Company has established an Enterprise Risk Management (ERM) framework that supports the timely identification, assessment, monitoring, and mitigation of risks that may affect its strategic objectives, operational performance, financial position, and long-term sustainability. The framework enables the Company to respond proactively to an evolving business environment while supporting informed decision-making across the organisation.

The Companys risk management framework is embedded across business functions, ensuring that risks are evaluated as part of day-today operations as well as long-term planning. Functional teams periodically review existing and emerging risks, supported by established internal controls, management assessments, and regular monitoring mechanisms. Significant risks are consolidated at the enterprise level, enabling management to prioritise mitigation measures, allocate resources effectively, and maintain continuous oversight of key business risks.

The framework also supports compliance with applicable statutory and regulatory requirements while promoting organisational resilience and sound governance. Through periodic reviews and ongoing monitoring, the Company continues to enhance its risk management practices in line with the evolving scale and complexity of its operations, reinforcing its ability to create sustainable long-term value for all stakeholders.

Key Highlights of Enterprise Risks Identified for FY 2025-26 with Mitigation Strategies

strategic risks

Risk Description	Key Mitigation Measures
	• Improve product portfolio with greater focus on value-added products.
	• Expand presence in higher-margin domestic and international markets.
	• Drive operational efficiencies through process optimisation and capacity rationalisation.
	• Strengthen organisational capabilities through product innovation and domain expertise.
	• Focus product development on high-potential market opportunities.
	• Strengthen customer engagement and market intelligence to drive innovation.
	• Establish structured project governance with defined milestones and resource allocation.
	• Enhance product validation processes to ensure quality and commercial success.
	• Diversify export markets to reduce dependence on specific geographies.
Risk arising from changes in global trade policies, tariffs, duties and geopolitical developments impacting exports and supply chains.	• Continuously monitor regulatory and trade developments across key markets.
	• Evaluate alternative sourcing and supply chain strategies.
	• Actively engage in policy advocacy and optimise Free Trade Agreement (FTA) utilisation for Indian exports.
	• Continuously strengthen manufacturing processes through technology and process improvements.
	• Enhance quality management systems, preventive maintenance and operational controls.
	• Invest in capacity debottlenecking and infrastructure upgrades to improve productivity.
	• Build workforce capability through regular technical and safety training programmes.
	• Strengthen leadership development and succession planning initiatives.
	• Provide structured career progression, learning and job enrichment opportunities.
	• Enhance employee engagement through performance-based rewards and recognition.
	• Develop future talent pipeline through campus hiring, mentoring and capability building programmes.
	• Expand customer base across domestic and international markets.
Risk of under-utilisation of manufacturing capacity due to demand fluctuations, changing market dynamics and competitive pressures.	• Develop differentiated products to improve market penetration.
	• Optimise manufacturing flexibility through product and capacity realignment.
	• Leverage strategic outsourcing and job work to improve asset utilisation.
	• Accelerate digital transformation through ERP modernisation and automation initiatives.
	• Enhance data visibility through business intelligence and analytics platforms.
	• Simplify business processes using technology-enabled solutions.
	• Strengthen IT infrastructure and disaster recovery capabilities. r
	• The risk is addressed through a diversified banking network and regular assessment of funding options to maintain access to competitive financing.
Uncertainty in financial markets, including changes in interest rates, funding conditions and foreign exchange rates, may adversely affect the Companys borrowing costs, liquidity position, cash flows and overall financial performance.	• Liquidity and borrowing requirements are periodically reviewed in line with market conditions, with appropriate capital measures and cost optimization initiatives
	• Foreign currency exposures are managed within the established risk management framework, with import-export parity and ongoing monitoring of currency movements

Internal Control System

AYM Syntex Limited maintains a comprehensive internal control framework that supports the effective management of its financial, operational, and compliance responsibilities. The framework is designed to safeguard assets, ensure the accuracy and reliability of financial reporting, promote operational efficiency, and support compliance with applicable laws, regulations, and internal policies. As the business continues to evolve, the Company regularly reviews and enhances its control environment to ensure it remains aligned with changing business requirements and governance expectations.

The continued expansion of digital processes during FY 2025-26 has further advanced the Companys internal control environment. Integrated digital platforms across key business functions have improved process standardisation, reinforced transaction controls, increased operational visibility, and enabled more timely access to information for informed decisionmaking. Together with clearly defined policies, delegated authorities, and standard operating procedures, these systems create a disciplined and transparent operating framework across the organisation.

The Internal Audit function, carried out by M/s. Suresh Surana & Associates LLP, provides independent assurance on the adequacy and effectiveness of the Companys internal controls and risk management processes. Periodic audits are conducted across business functions, with observations and recommendations reviewed by the management, the Audit Committee, and the Board. The Audit Committee also monitors the timely implementation of corrective actions and conducts regular interactions with the Internal Auditors to preserve the independence and objectivity of the audit process.

The Company has established an Internal Financial Controls over Financial Reporting (ICFR) framework that is commensurate with the scale and complexity of its operations. The design and operating effectiveness of these controls are periodically assessed by the management and independently validated by both the Internal Auditors and the Statutory Auditors. Based on these assessments, the Board is of the opinion that, as at March 31, 2026, the Company maintained adequate and effective internal financial controls over financial reporting. The Statutory Auditors have also expressed an unmodified opinion on the adequacy and operating effectiveness of the Companys ICFR.

During the year under review, no risks were identified which, in the opinion of the Board, could materially threaten the Companys existence or its ability to continue as a going concern. As part of its ongoing commitment to strengthening the internal control environment, the Company continues to leverage technology and accelerate its digital transformation initiatives. The Company recognises that automation is an ongoing journey and remains committed to periodically reviewing, upgrading, and optimising its internal control framework to ensure its continued effectiveness in line with changing business requirements and emerging risks.

Business Overview

FY 2025-26 unfolded against a business environment shaped by evolving trade policies, geopolitical uncertainties, and changing customer expectations. While global manufacturers continued to navigate supply chain realignments and tariff-related challenges, demand increasingly centred on specialised products, dependable execution, and partners capable of delivering quality, consistency, and speed. At the same time, Indias manufacturing ecosystem continued to gain momentum, creating new opportunities across domestic and international markets.

POY - Textile

The POY - Textile business continued to build on its transition towards specialised and value-added yarns during FY 2025-26. Customer requirements increasingly centred on customised solutions, consistent quality, and application-specific performance, leading to a greater emphasis on differentiated products across technical and performance textile applications. Continued improvements in manufacturing capabilities and product quality supported a more diversified product mix while enhancing responsiveness to evolving market requirements.

Alongside these developments, investments in production capabilities and process consistency continued to enhance manufacturing performance across the business. Product development remained closely aligned with customer requirements, creating opportunities across both existing and newer applications while reinforcing the businesss ability to deliver specialised yarn solutions across domestic and international markets.

AYM Syntex Limiteds diversified portfolio enabled the Company to participate across multiple end- use industries and customer segments, balancing established product categories with specialised applications. Across every business, the emphasis remained on expanding value-added offerings, improving operational execution, accelerating product development, and deepening customer partnerships. This balanced approach continues to support sustainable growth while creating opportunities across existing and emerging markets.

Floor Covering

The Floor Covering business continued to deliver strong performance, supported by sustained demand across global markets and expanding opportunities in specialised flooring applications. Customer relationships progressed through a structured qualification process, with successful product approvals translating into larger programmes and broader application opportunities over time. This continued to reinforce AYM Syntex Limiteds position as a trusted supplier of high-performance floor covering yarns.

During the year, the business further strengthened and diversified its portfolio with the introduction of sustainable yarn solutions developed specifically for automotive floorcovering applications. Continued investments in advanced manufacturing capabilities, along with strategic capacity expansion, enabled the business to respond more effectively to evolving customer requirements. These initiatives also supported greater participation in higher-value flooring applications, reinforcing the Companys focus on innovation, sustainability, and long-term value creation.

Packaged Dyed Yarn

The Packaged Dyed Yarn business continued to enhance its customer value proposition by combining manufacturing expertise with faster product development and improved colour consistency. Increasing customer expectations around speed, repeatability, and precision placed greater emphasis on reducing development timelines while maintaining consistent quality across every production batch.

Digital initiatives introduced during the year further streamlined shade development and colour management by creating a digital reference framework for laboratory and production processes. Together with increased automation across dyeing operations and continued investments in process control, these initiatives improved turnaround times, enhanced colour reproducibility, and supported faster response to customer requirements across a wide range of specialised applications.

Industrial Yarns (IDY)

The Industrial Yarns business continued to expand its presence across specialised industrial applications, supported by a broad portfolio of high-performance products and long-standing customer relationships. Growth continued to be driven through customer approvals, technical qualifications, and application-specific product development, enabling participation across multiple industrial segments where performance, consistency, and reliability remain critical.

Capacity enhancements undertaken in recent years continued to support growing demand across industrial yarn applications, while continued investments in quality systems, technical capabilities, and manufacturing excellence reinforced the Companys position as a preferred partner for global customers. Regular customer audits and product qualifications further reflected AYM Syntex Limiteds ability to consistently meet the exacting standards required across specialised industrial applications.

HR Overview

FY 2025-26 saw AYM Syntex Limited elevate its people-first agenda to new heights, embedding holistic employee development, recognition, diversity, and well-being at the core of its operational and cultural DNA. These efforts have set the stage for continued innovation, resilience, and organisational excellence in the years ahead.

recognition and engagement

AYM Syntex further strengthened its culture of appreciation and continuous engagement, ensuring every employees contributions truly matter.

• GloryUs 3.0: Recognised over 121 high-performing employees, celebrating contributions and boosting morale throughout the company.

• Employee of the Month/Day Programs: These sustained platforms honoured both individual and team achievements, fostering a sense of belonging and consistent appreciation (65 employees).

LEARNING AND DEVELOPMENT

We expanded opportunities for professional growth, making skill enhancement a part of the employee experience.

• Tailored OEM and Leadership Programs: Collaborations with leading institutions (e.g., IIM Bangalore, Dale Carnegie, Mercer) bolstered leadership capabilities.

• Personalised Development:

Individual Development Plans and "learning nuggets" supported targeted growth.

• Total Training Hours: Over 10,521+ hours of training delivered through an array of programmes.

• Gyanodaya Learning Platform: Continued as the flagship for professional and technical upskilling.

talent pipeline and internal mobility

AYM Syntex focused on nurturing future leaders and promoting talent from within, supporting a dynamic and aspirational workforce.

• Udgam: Campus to Corporate: Revamped intake brought in 25+ new graduates, with a 84% retention rate.

• internal Recruitment: 95% of new hires sourced via internal referrals and career progression channels, highlighting strong mobility and a vibrant workplace culture.

• Cognitive Testing: Set of assessments designed and conducted across critical hiring, raising overall talent standards at AYM Syntex.

diversity and inclusion

Diversity took centre stage, as gender balance and opportunity broadened across organisational levels.

• Women in Technical Roles:

Women comprised of Graduate Engineer Trainee hires·a significant leap in gender diversity across operational functions.

• Broader Inclusion: Women now represented in all divisions, including manufacturing.

well-being, health, and safety

AYM Syntex prioritised employee wellbeing and workplace safety, fostering a secure and supportive environment.

• Employee Well-being:

Expansive programmes addressed emotional, intellectual, and physical health, supported by structured 30-60-90 day check-ins for new joiners.

• Occupational Health & Safety: Zero fatalities for the fifth consecutive year. Robust incident reporting and comprehensive insurance and leave benefits reinforced the safety culture.

hr innovation and process

The HR function embraced technology and novel methods to drive agility and organisational effectiveness.

• Communication Channels:

"HR at Your Desk" and "Sandesh" drove effective communication, especially for decentralised teams.

• HR Automation: Initiatives underway to digitise and streamline HR processes for agility and data-driven action.

• SGIT (Small Group Initiative Technique): Cross-functional engineering teams undertook strategic, year-long efficiency and cost-saving projects.

Financial Performance Overview

The Company navigated FY 2025-26 against a dynamic operating environment, with revenue from operations at Rs.1,365.0 Crores. While volumes remained broadly stable, the Company continued to focus on improving throughput, optimising capacity utilisation and aligning the sales mix to support sustainable and profitable growth. Export sales remained an important part of the business, while continued attention to market and product mix is expected to support the Companys growth priorities going forward.

Despite the moderation in revenue, the Company continued to strengthen operational efficiencies and manage its cost base. Material costs as a percentage of revenue improved during the year, supported by sourcing efficiencies, a favourable product mix and improved operating metrics. Employee costs remained aligned with the Companys efforts to build appropriate capabilities and optimise organisational structures. Operating EBITDA stood at Rs.103.8 Crores, representing 7.6% of revenue, while lower finance costs reflected the Companys efforts towards prudent financial management and reduction in borrowings. Profit after tax stood at Rs.6.6 Crores for the year.

The Company also continued to focus on strengthening its balance sheet while investing for the next phase of growth. Gross debt reduced to Rs.187.8 Crores as at March 31, 2026, supported by repayment of borrowings and the deployment of proceeds from the preferential equity issue towards working capital requirements. At the same time, the Company continued to invest in its asset base, with fixed assets including capital work- in-progress increasing to Rs.567.0 Crores. These investments, together with ongoing initiatives to improve operational efficiency, capacity utilisation and financial discipline, are aimed at creating a stronger foundation for sustainable growth and enhanced value creation over the medium to long term.

The revenue from operations stood at Rs.1,365.1 crores as compared to Rs.1,489.0 crores in the previous year. On the back of decrease in turnover, the operating EBITDA is of current year is at Rs.103.8 Crores (7.8% of revenue) as against Rs.124.1 crores (8.3% of revenue) in the previous year.

PARTICULARS	Year ended March 31, 2026	Year ended March 31, 2025
	Rs. in crores	% of Revenue	Rs. in crores	% of Revenue
Sales Volumes (MT)	66,941	-	61,760	-
Net revenue from operations Expenditure	1,365.12	-	1,489.00	-
Cost of Materials	767.11	56.20	796.60	53.50
Employee Cost	95.64	7.00	87.00	5.80
EBITDA Margins	103.82	7.60	124.10	8.30
Exceptional Item	-	-	-	-
EBITDA Post Exceptions	103.82	7.60	124.10	8.30
Finance Charges	32.02	2.30	42.80	2.90
Depreciation	61.69	4.50	62.00	4.20
Tax	3.07	0.20	7.70	0.50
Profit after Tax	6.56	0.50	11.60	0.80
Other Comprehensive Income	0.32	-	0.10	-
Total Comprehensive Income	6.87	0.50	11.70	0.80 I
Earnings per share (EPS) (in Rs.)	1.12	-	2.10	- J

REVENUE

Revenue from operations stood at Rs.1,365.0 crore, shows down by 8.3% as compared to the previous year. Sales have sliced down by about 0.62% over the previous year in terms of volumes. Company continues to retain focus on throughput improvement, filling up the enhanced capacities and getting the product sales mix right in the current year for sustainable profitable growth in future. The export sales, in line with strategy, have seen marginal change from Rs.640.1 crore to Rs.614.9 crore.

cost of materials

The cost of materials comprises consumption of raw material, packing material, dyes & chemicals, changes in inventories of finished goods, work-inprocess. The cost of raw materials and changes in inventories is at 54.98% of revenue, which has decreased by 1.89% from 56.90% in previous year. The cost of materials has declined on account of efficiencies in buying, improved sales mix and operational metrics at the plant level. Raw Material costs have also impacted mainly due to favourable movement in brent crude prices from $86 per barrel to $73 per barrel.

EMPLOYEE COSTS

Employee cost includes salaries, wages, annual performance incentives, statutory bonus and gratuity, contribution to provident and other funds and staff welfare schemes expenses (except actuarial gain / (loss) on defined benefit plans). It also excludes labour engaged on contractual basis. During the year under review, employee cost stood at Rs.95.6 crore which has slightly increased from 5.8% of revenues as compared to 7.0% in previous year. The same is in line with the increase in head counts and compensation. The Company continuously strives to put in place the adequate team structures to fuel the future growth. With resource optimization in mind, it had worked upon restructuring the roles to ensure focused approach towards key goals.

EARNINGS BEFORE INTEREST, TAX, DEPRECIATION & AMORTIZATION

The Company has reported operating EBITDA in FY 2025-26 at Rs.103.8 crore (7.6% of revenue) as against Rs.124.1 crore (8.3% of revenue) in the previous year. Decrease in EBITDA on account of decrease in turnover and decrease in raw material cost. EBITDA post exceptional items is at Rs.103.8 crores (7.6% of revenue).

finance cost

Finance charges include interest on borrowings and other financial charges. Finance cost has decreased in FY 2025-26 at 2.3% of revenue as against 2.8% of revenue in the previous year. The Company expects and is making efforts to reduce the charges of facility availed with improved financial performance and by utilizing low interest rate products.

DEPRECIATION

Depreciation has decreased from Rs.62.0 crore in FY 2024-25 to Rs.61.7 crore in the current year. The decrease is on account of less capitalization during the current years as compare to Last year. Depreciation is expected to increase further in the coming year on account of the committed capex plan.

TAX EXPENSE

During FY 2025-26, the Company has paid taxes after utilising the MAT Credit to the extent available. The Company expects to fully utilise the MAT credit balance and does not foresee the situation of it getting expired without being utilised in the coming years.

PROFIT AFTER TAX

Profit after tax has decreased during the current year by 43.6%. Profit after tax stood at Rs.6.6 crores in FY 2025-26 as against Rs.11.7 crores in FY 202425.

total debt

Debt includes long-term, short-term borrowings including lease liabilities. Gross Debt as on March 31, 2026, stands at Rs.187.8 crore as against Rs.201.8 crore at the end of FY 2024-25. The debt has decreased on account of repayment of long-term borrowings from accruals and reduction in shortterm borrowings through utilisation of proceeds from preferential equity issue. Cash and cash equivalents of the Company in FY 2025-26 stood at Rs.4.7 crore as compared to Rs.18.11 crore in the FY 2024-25, Net Debt as on March 31, 2026, stands at Rs.183.6 crore after reducing the cash and bank balance of Rs.4.7 crore and liquid investment of Rs.16.0 crore.

Net Debt to EBITDA ratio for the current year improved to 2.2 from 1.7 in the previous year on account of decrease in borrowings and increase in operating profit.

Fixed Assets

Fixed assets (tangible and intangible) including capital work-in-progress stands at Rs.567.0 crore at end of FY 2025-26 as compared to Rs.493.4 crore at the end of previous year. This increase has been on account of more capitalisation.

Key Ratios

Key capital efficiency ratios for AYM Syntex Limited have been highlighted which provides a snapshot of the health of the Balance sheet.

key ratios	2025-26	2024-25
Return on Capital Employed	5.00	8.00
Debt: Equity	0.30	0.30
Net Debt: EBITDA	2.19	1.40
Debt Service Coverage Ratio	1.20	1.20
Interest Coverage Ratio	1.30	1.40
Current Ratio (Ex Current portion of Long term Debt)	1.10	1.50
Creditors Turnover (days)	75	64
Debtors Turnover (days)	36	31
Inventory Turnover (days)	119	106

Outlook

The global business environment is expected to remain shaped by evolving trade policies, geopolitical developments, and changing supply chain dynamics. At the same time, India continues to present one of the strongest long-term growth opportunities among major economies. With real GDP projected to grow by 6.7% in FY 2026-27 and inflation expected to remain around the Reserve Bank of Indias target of 4.0%, the countrys manufacturing sector is well positioned to benefit from sustained domestic demand, infrastructure investment, and increasing participation in global value chains. Together with the continued expansion of the textiles and apparel industry, these trends provide a supportive environment for specialised manufacturing businesses.

AYM Syntex Limited enters FY 2026-27 with a clear strategic direction. Continued investments in specialised products, digital capabilities, manufacturing excellence, and customer partnerships position the Company to respond to evolving market requirements with agility and precision. Guided by the three threads of People, Process, and Product, the Company remains focused on delivering sustainable growth, creating long-term value for stakeholders, and building a business that is equipped for the opportunities of tomorrow.