SURAT (India CSR)– Meera Industries Limited, a distinguished and ISO 9001 certified leader in the global textile machinery sector, today marks another significant chapter with the submission of its 19th Annual Report for the financial year 2024-25. Headquartered in Surat, Gujarat, the company has cultivated a rich legacy of engineering excellence, driven by a profound commitment to technological advancement, customer-centricity, and robust ethical governance. This report not only underscores a period of significant financial growth but also implicitly highlights Meera Industries’ deeply embedded responsible business practices that extend beyond mere regulatory compliance.

From Inception to Global Leadership: A Story of Relentless Innovation

Established on July 5, 2006, Meera Industries Limited has meticulously shaped itself through evolving eras in the competitive world of textile twisting and associated machinery. With decades of industry expertise, the company has grown into a prominent manufacturer of high-performance twisting, cabling, winding, and heat-setting machines. Its reach now spans a significant global footprint across over 39 countries, reinforcing its position as a global leader in textile twisting technology. This extensive market presence is bolstered by a strong distributor network and robust customer relationships, allowing for rapid adaptation to evolving market needs.

The cornerstone of Meera Industries’ technological advancement is its DSIR-recognized Research & Development (R&D) center. This in-house capability, combined with a dedicated team, has consistently delivered intelligent, durable, and cost-efficient solutions for diverse segments, including technical textiles, carpet yarns, FIBC, and industrial threads. The company boasts a proud track record of launching award-winning products such as the iTPRX-50 (an advanced PLC-based S/Z twister), the CT-260 cabler, and CWX/RWX winders, all designed with a strong emphasis on performance, reliability, and energy efficiency. Its continuous efforts in “technology absorption” and deploying “indigenous technology” are geared towards increasing yield, production scale, and overall technological sophistication, leading to “Product improved through high efficiency and energy saving”. This commitment to “Make in India” initiatives ensures that locally developed machinery remains globally competitive.

Strategic Diversification and Strong Financial Performance

FY 2024-25 proved to be a milestone year for Meera Industries, showcasing its ability to navigate a dynamic economic landscape while capitalizing on strategic opportunities. The company reported a substantial Revenue from operations of Rs. 3,984.93 lakhs, reflecting a 32% growth year-on-year, driven by sustained domestic and international demand. Profitability also saw remarkable improvement, with EBITDA growing by 104% to Rs. 611.43 lakhs, achieving an EBITDA margin of 15.34%, indicative of enhanced cost efficiencies. Profit After Tax (PAT) surged by 155% year-on-year to Rs. 372.18 lakhs, demonstrating significant margin expansion.

A key strategic initiative during this period was the successful operational launch of its new Cast Polypropylene (CPP) Film Division in June 2025, marking a pivotal entry into the rapidly growing flexible packaging segment. This diversification is poised to add new revenue streams and strengthen profit margins, with the division expected to contribute Rs. 20–25 crore in revenue for FY 2025–26 at full capacity. This move strategically positions the company to capitalize on high-growth, high-value opportunities within the flexible packaging sector, particularly in Gujarat, a region known for its industrial vibrancy.

Cultivating a Culture of Governance and Social Responsibility

While Meera Industries Limited is not currently subject to the mandatory Corporate Social Responsibility (CSR) provisions as per Section 135 of the Companies Act, 2013, nor is it required to report on Business Responsibility under Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, its operational philosophy is inherently rooted in principles that align with responsible business conduct. The company operates with a strong belief in “value-based growth” and maintaining “great association with stakeholders” including shareholders, regulators, employees, suppliers, clients, financiers, and the general public, by fostering trust and ensuring transparency. The Board of Directors explicitly affirms its commitment to “sound principles of Corporate Governance”.

Environmental Stewardship

Meera Industries actively integrates environmental consciousness into its operations. It has an ongoing commitment to “conservation of energy” and continually strives to improve energy efficiency through “innovative measures to reduce wastage and optimize consumption”. The development of “energy-efficient technologies” is a core focus of its R&D initiatives, leading to products that are improved through “high efficiency and energy saving”. The company’s policy extends to ensuring “compliances of environmental regulations and preservation of natural resources”.

Employee Welfare and Development

At its heart, Meera Industries embraces a “people-centric philosophy,” recognizing a skilled, empowered, and future-ready workforce as essential for “sustaining operational excellence, nurturing innovation, and building organizational resilience”. The company makes continuous investments in employee training, skill development, and motivation. Transparent communication is fostered to ensure high levels of engagement and alignment with strategic goals. A significant aspect of its commitment to a safe workplace is the establishment and implementation of a Sexual Harassment Policy, aligned with the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013. Notably, for the financial year 2024-25, no complaints of sexual harassment were received, resolved, or remained outstanding, indicating a proactive and effective system. The company also ensures equal employment opportunities, basing all decisions solely on merit and business needs.

Ethical Governance and Transparency

The company upholds rigorous standards of corporate governance, which are integral to its responsible operations. A well-defined Vigil Mechanism / Whistle Blower Policy is in place, enabling directors and employees to report concerns about unethical behavior, fraud, or code of conduct violations, with safeguards against victimization and direct access to the Audit Committee Chairman in exceptional cases. Furthermore, a comprehensive Code of Business Conduct & Ethics guides the conduct of its Board of Directors, Senior Management, and key personnel, mandating honest, fair, ethical, professional, courteous, and respectful behavior. Annual compliance with this code is affirmed by the Board and senior management, with no non-compliance observed in FY 2024-25. The company’s internal financial controls are deemed “adequate and effective,” ensuring orderly and efficient business conduct, safeguarding assets, preventing fraud, and ensuring accurate accounting records.

Outlook: Pushing Boundaries for Sustainable Value Creation

As Meera Industries Limited looks to the future, its strategic direction is anchored in operational discipline, continued technological advancement, and prudent financial management. The ongoing transformation of the industry towards digitalization and sustainability sees the company actively investing in digital tools, automation, and continuous upskilling of its workforce to remain future-ready. With a dual-pronged strategy of strengthening its core textile machinery business and scaling its CPP packaging division, Meera Industries is well-positioned to unlock long-term value for all its stakeholders, committed to “Twisting the boundaries of innovation, quality, and sustainability, empowering the global textile and packaging industry for tomorrow’s challenges”.

Key Milestones in Meera Industries Limited’s Journey:

• 2006 (July 5): Company incorporated.

• 2019 (June): Participated in ITMA, Barcelona, Spain.

• 2019 (September): Participated in FloorTe, Dalton, USA.

• 2019 (November): Participated in Tech Textil, Mumbai, India and Shanghai Tex, Shanghai, China.

• 2020 (April): Participated in Plastasia, Dalton, USA.

• 2020 (June): Participated in ITM, Istanbul, Turkey.

• 2021 (February): Participated in GTTES, Mumbai, India.

• 2022 (January): Participated in DomoTex, Hannover, Germany.

• FY 2024-25:

◦ Achieved Rs. 3,984.93 lakhs in revenue from operations (32% YoY growth).

◦ Recorded Profit After Tax of Rs. 372.18 lakhs (155% YoY growth).