Campus Activewear Ltd

Dematerialisation activity

• No dematerialisation or rematerialisation requests were received during the period.

Promoter gift transfer

• Target Company: Campus Activewear Limited.
• Disclosing Parties: Hari Krishan Agarwal (Promoter-Donor) and Prerna Aggarwal (Promoter Group-Donee).
• Transaction Type: Inter-se off-market gift transfer.
• Date of transaction: 28-29 September 2026.
• Pre-Transaction Holdings: Hari 170,675,892 shares (55.83%); Prerna 0 shares.
• Post-Transaction Holdings: Hari 169,675,892 shares (55.51%); Prerna 1,000,000 shares (0.33%).
• Mode of transaction: Gift transfer; intimation to company in September 2026.
• Equity share capital before: 30,56,79,721 shares totaling Rs 1,52,83,98,605.
• Equity share capital after: 30,56,79,721 shares; Rs 1,52,83,98,605.
• Total diluted share capital: not separately disclosed.
• Total promoter holding before and after: 220,318,004 shares (72.07%).

Meeting Details

• Analyst Day 2026 on 9 October 2026, 11:30 AM to 3:00 PM.
• In-person group meeting with analysts scheduled in New Delhi.
• Organized as Analyst Day 2026 by Campus Activewear.
• Key company participant: General Counsel & Company Secretary.
• Purpose: investor interaction; not a post-earnings call; recordings not applicable.

Campus Activewear Ltd – Trading Window closed from 1 October 2026 till 48 hours after the Declaration of Unaudited Financial Results for the quarter and half year ended 30 September 2026.

Appointment details

• Ms. Akshita Kathuria appointed Senior General Manager - Investor Relations, effective 16 September 2026.
• Role aims to strengthen investor engagement, communication and relationship management.

ESG Rating Details

• Campus Activewear Ltd received CRISIL ESG Rating 'CRISIL ESG 61'.
• CRISIL ESG Ratings & Analytics Limited is a SEBI Category 1 ESG Rating Provider.
• Rating determined independently from public disclosures; no engagement by Campus Activewear.
• Rating will be published on the company's website.

AGM details

• Date: 20 Aug 2026; 11:00 AM–12:23 PM; mode: VC/OAVM.
• Record date: 13 Aug 2026.

Key resolutions

• Resolution 1 (Ord): Adopt financial statements; passed.
• Resolution 2 (Ord): Re-appoint director by rotation—Nikhil Aggarwal; passed.
• Resolution 3 (Ord): Declare final dividend for FY2026; passed.
• Resolution 4 (Special): Re-appoint Anil Kumar Chanana as Non-Executive Independent Director; passed.
• Resolution 5 (Special): Re-appoint Jai Kumar Garg as Non-Executive Independent Director; passed.
• Resolution 6 (Special): Re-appoint Madhumita Ganguli as Non-Executive Independent Director; passed.
• Resolution 7 (Special): Re-appoint Nitin Savara as Non-Executive Independent Director; passed.
• Resolution 8 (Special): Modify Vision Pool: ESOP 2021; passed with 84.21% in favour.

Dividend

• Final dividend declared on equity shares for FY2026.

Directors & governance

• Nikhil Aggarwal re-appointed by rotation.
• Anil Kumar Chanana re-appointed Non-Executive Independent Director.
• Jai Kumar Garg re-appointed Non-Executive Independent Director.
• Madhumita Ganguli re-appointed Non-Executive Independent Director.
• Nitin Savara re-appointed Non-Executive Independent Director.

ESOP approvals

• Vision Pool: Campus Activewear Limited Employee Stock Option Plan 2021 modified; approved.

AGM Details

• AGM held on 20 August 2026 via VC/OAVM from 11:00 to 12:23 IST.
• Total attendees via VC: 220 members.
• Notice and annual report circulated; remote e-voting window 17–19 August 2026.
• Meeting concluded at 12:23 PM.

Resolutions Put to Vote

• Adopt audited financial statements for the year ended 31 March 2026.
• Re-appoint director retiring by rotation (Nikhil Aggarwal).
• Declare final dividend for FY2025-26.
• Re-appoint Anil Kumar Chanana as Non-Executive Independent Director.
• Re-appoint Jai Kumar Garg as Non-Executive Independent Director.
• Re-appoint Madhumita Ganguli as Non-Executive Independent Director.
• Re-appoint Nitin Savara as Non-Executive Independent Director.
• Modify ESOP 2021 Vision Pool.

Voting Results

• Voting results not disclosed in Annexure A.

Dividend Detail

• Final dividend on equity shares declared; amount per share not disclosed.

Directors / Board Changes

• Anil Kumar Chanana reappointed as Non-Executive Independent Director.
• Jai Kumar Garg reappointed as Non-Executive Independent Director.
• Madhumita Ganguli reappointed as Non-Executive Independent Director.
• Nitin Savara reappointed as Non-Executive Independent Director.

Other Material Approvals

• Modification of Campus Activewear ESOP 2021 – Vision Pool.

Auditors & Related Party Transactions

• No auditor changes announced.
• No material related party transactions disclosed.

CFO appointment and governance

• Board approved Mr. Rakesh Thakur as CFO and KMP, effective 17 August 2026.
• 49-year-old Chartered Accountant with 22+ years’ experience; ex-Group CFO at Imagine Marketing Limited (boAt).
• Board authorized KMPs to determine materiality of events for disclosures.
• Effective date and Schedule III disclosures annexed.
• Appointment approved following recommendations of Nomination and Remuneration Committee and Audit Committee.

Financial Performance

• Q1 FY'27 revenue growth 12.2%, volume 11.7%, EBITDA margin 15.9%, PAT growth 17.7%.
• Geopolitical uncertainty, supply-chain volatility, and raw-material inflation were headwinds.
• Rs 2.5 crore depreciation charge added from Paonta Sahib and Pantnagar; labor costs rose.
• MRP increases of about 8%; underlying ASP up ~5% in core Stuck-On category.
• Two temporary drags: 2.5% from GT charges; 2% dilution from school shoes migration.
• RM inflation fully absorbed; no MRPs correction expected; benefits to flow back from Q2.
• Q1 production highest ever; momentum continued into July.

Portfolio and Brand Update

• Growth broad-based across channels, categories, geographies; women and kids performed well.
• Launched Elan by Campus; neo-casual segment; price Rs1899–Rs2599; sold in 100–110 stores.
• New logo unveiled May; widely accepted; connects to younger audience.
• Distributor meet delivered record orders; strengthens visibility for the upcoming festive season.
• Sneaker category growth near 30% this year; Haridwar, Pantnagar, Paonta Sahib support.
• FOFO stores opened ~18 this quarter; highest in six to eight quarters.

Stores and Franchise Model

• FY27 store openings target 80–120; near-term 90–100.
• Franchise model: no rent; Campus holds inventory; deposits; discounting and replenishment controlled.
• ROI on franchise stores expected 18%–30%.
• Gujarat top state with 60 stores; Delhi/NCR ~40; Mumbai exposure; Tier-2/3 expansion.
• Online presence growing; brand.com up sharply; within overall growth.

Outlook and Guidance

• Mid-double-digit annual growth target; ASP growth 6–7%; margins 17–19%.
• Diwali period shift: big events start October; Diwali in November; revenue timing adjusted.
• RM inflation to taper; no further MRPs correction planned.
• Minimum wage impact: HR costs rising; total ~15%; 10% annualization, 5% new hiring.
• Capacity realignment: DIP down to 31 million; moved to Stuck-On; 4–5 million DIP closed.
• Festival-readiness: inventory built ahead; demand environment remains positive.

Q&A Highlights

• Store openings reaffirmed; FY27 target 80–120; near-term 90–100; partner stores five–six.
• Franchise model: no rent; Campus inventory; deposits; control discounts and replenishment.
• Elan reception: two months; ~100–110 stores; Rs1899–2599; positive feedback.
• Sneaker growth: near 30% volume; supported by Haridwar, Pantnagar, Paonta Sahib.
• School shoes volume share about 40% this quarter; normalization expected next quarter.
• Diwali timing shift: September/October revenue timing; festive demand remains strong.
• RM inflation absorption confirmed; pricing actions accepted; demand resilience supported by secondary data.