About Donear Industries Limited

Donear Industries Limited is a public limited company incorporated on January 01, 1987. The company manufactures fabrics under its own “Donear” brand and trades in garments under the “Dcot” brand, selling through wholesale, retail and franchisee channels. Its equity shares are listed on BSE and the National Stock Exchange of India Limited. The registered office is in Andheri (East), Mumbai. Donear reported international business activity, with foreign exchange earnings and outgo during the year, and uses forward exchange contracts for hedging purposes. The company had receivables and payables denominated in USD and Euro at year end, indicating cross-border transactions. As on March 31, 2025, Donear had no subsidiaries and one associate company. The plant locations include Surat (Gujarat), Silvassa (Dadra & Nagar Haveli) and Bengaluru (Karnataka). Key milestones include its enduring listing on both BSE and NSE and a credit rating upgrade during the year.

• Incorporated: January 01, 1987.
• What it does: Manufactures fabrics (Donear brand) and trades garments (Dcot brand) through wholesale, retail and franchisee.
• Listings: BSE and NSE; Registered Office in Mumbai.
• Geographies: India-based operations with foreign currency earnings and exposures in USD and Euro; hedging via forward contracts.
• Subsidiaries: 0; associate companies: 1.
• Manufacturing footprint: Surat; Silvassa; Bengaluru.

Donear Industries Limited Key Management

• Rajendra V. Agarwal, Managing Director
• Ajay V. Agarwal, Whole-Time Director
• Kishorsinh Parmar, Executive Director
• Ashok B. Agarwal, Chief Financial Officer
• Sejal Shah, Company Secretary

Latest Updates on Donear Industries Limited

• Credit rating upgrade: India Ratings and Research upgraded Donear’s bank loans to IND BBB (Stable). Facility-wise, the rating actions covered fund-based working capital facilities, term loans, and non-fund-based working capital facilities.
• Strengthening governance: Although not mandated to do so, the company constituted a Risk Management Committee to improve transparency and proactively manage credit, liquidity, market (including foreign currency and interest rate), and commodity price risks.
• Company Secretary change: Sejal Shah was appointed as Company Secretary with effect from October 28, 2024.
• Material related party approvals: The Board approved a material, arm’s-length related party transaction with GBTL Limited (promoter group) for purchase/sale/supply of goods, property and other services up to Rs 200 crore for the year, approved on August 13, 2024.
• International operations indicators: Foreign exchange earnings were Rs 5,896.87 Lakh and foreign exchange outgo stood at Rs 573.69 Lakh for the year; the company also entered into forward exchange contracts for hedging purposes.
• Corporate structure: The company reported no subsidiaries and one associate company during the year.