Nandan Denim Limited

BSE: 532641 NSE: NDL
Nandan Denim Limited - fashion and textile in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L51909GJ1994PLC022719 Incorporated 09 August 1994 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: NDL · BSE: 532641 Public Limited Company fashion and textile
Data last updated
Revenue · FY 2026
₹2,871.87 Cr
▼ 19.03% YoY
EBITDA · FY 2026
₹104.12 Cr
▼ 23.35% YoY
Net profit · FY 2026
₹33.13 Cr
▼ 1.05% YoY
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹144.15 Cr
Issued & subscribed
Open charges
₹792.85 Cr
Satisfied ₹1,115.69 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
1,259
Latest available

About Nandan Denim Limited

Data last updated: 24 December 2025

Nandan Denim Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in denim and casual wear, a part of the broader fashion and textiles sector. Incorporated on 09 August 1994, the company has been in operation for over 32 years.

Registered with ROC Ahmedabad under CIN L51909GJ1994PLC022719. Listed on BSE: 532641 and NSE: NDL.

Capital: an authorised share capital of ₹150 Cr and a paid-up capital of ₹144.15 Cr. Formerly known as Nandan Exim Limited and Nandan Exim Private Limited. It is led by directors including Ambalal Chhitabhai Patel and Rahul Mehta Narendra.

Last AGM: 17 September 2025. Financial statements filed for year ended 31 March 2025. Office: Survey No 198/1 203/2 Saijpur Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405.

As per the financials filed for FY 2025, the company reported a revenue of ₹3,554.3 Cr, a growth of 74% compared to the previous year.

The company has a workforce of approximately 1,259 employees as per the latest available data.

The company is associated with 2 brands - Nandan Denim, Chiripal Group. As per MCA filings, the company has open charges of ₹792.85 Cr and satisfied charges of ₹1,115.69 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chiripalgroup.com.

Company Details of Nandan Denim Limited
CIN L51909GJ1994PLC022719
Registration Number 022719
Incorporation Date 09 August 1994
ROC Ahmedabad
Listing Status Listed (BSE: 532641, NSE: NDL)
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Deepak Chiripal Jyotiprasad Ceo Shaktidan Jayendrasingh Gadhavi Whole-Time Director Suresh Chand Maheshwari Cfo
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    chiripalgroup.com
  • Social Media
  • Registered Address
    Survey No 198/1 203/2 Saijpur Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405
  • Industry
    Fashion and Textile, Denim & Casual Wear
Company report
Nandan Denim Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Nandan Denim Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Nandan Denim Limited

Nandan Denim Limited has undergone 2 name changes throughout its history. The company was previously known as Nandan Exim Limited, and Nandan Exim Private Limited. The current legal name is Nandan Denim Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Nandan Denim Limited Current
Nandan Exim Limited Previous
Nandan Exim Private Limited Previous

Associated Brands with Nandan Denim Limited

Nandan Denim Limited operates two associated brands: Nandan Denim and Chiripal Group. These brands represent Nandan Denim Limited's diversified market presence and brand portfolio.

Brand Description Website
Nandan Denim
Denims are manufactured and supplied by Nandan Denim. nandandenim.com
Chiripal Group
Multiple industries are operated by the diversified Chiripal Group. chiripalgroup.com

Competitors & Alternatives of Nandan Denim Limited

Brands and companies operating in the same space as Nandan Denim Limited include R & B Denims, Vishal Fabrics, Mittal Life style and 2 more.

Competitor Description Location Founded
R & B Denims R & B Denims Contract manufacturer of denims Surat, India, India 2012
Vishal Fabrics Vishal Fabrics Denim fabrics are manufactured under contract in India. Ahmedabad, India, India 1985
Mittal Life style Mittal Life style Contract-based manufacturing of denim fabric is provided in India. Mumbai, India, India 2005
Modern Denim Modern Denim Manufactures and supplies diverse denim fabrics conforming to international standards. Ahmedabad, India, India 1991
Blue Blends Blue Blends Serves as a contract manufacturer of denim products. Ahmedabad, India, India 1995

Business Activity of Nandan Denim Limited

Nandan Denim Limited is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C2 Textile, leather and other apparel products *********

Auditor Details of Nandan Denim Limited

Nandan Denim Limited is audited by M/s Nahta Jain & Associates (ICAI peer reviewed, certificate valid till 2026-12-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s Nahta Jain & Associates (ICAI peer reviewed, certificate valid till 2026-12-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Nandan Denim Limited

Nandan Denim Limited is currently managed by 10 directors, with 32 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Ambalal Chhitabhai Patel
Also directs: Shree Rama Newsprint Limited, Shah Alloys Limited, Sadbhav Infrastructure Project Limited and 2 more
Director 17 Sep 2025 0 Years 9 Months Current
Rahul Mehta Narendra
Also directs: Banswara Syntex Ltd, Pearl Global Industries Limited, Creative Vastrado Private Limited and 3 more
Director 13 Aug 2022 3 Years 10 Months Current
Shaktidan Jayendrasingh Gadhavi Whole-Time Director 28 Dec 2020 5 Years 6 Months Current
Suresh Chand Maheshwari Cfo 30 May 2023 3 Years 1 Months Current
Kirit Vaikunthraya Joshi
Also directs: Pr Ecoenergy Limited
Director 13 Aug 2022 3 Years 10 Months Current
Jyotiprasad Devkinandan Chiripal
Also directs: Nandan Chiripal Energy Coporation Llp, Devkinandan Corporation Llp, Solidus Reality Llp and 5 more
Deputy Nodal Officer 16 Sep 2022 3 Years 9 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Nandan Denim Limited FY 2026 filings available

Nandan Denim Limited reported revenue of ₹2,871.87 Cr (down 19.03% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹2,871.87 Cr ▼ 19.03%
Profit · FY 2026
₹33.13 Cr ▼ 1.05%
EBITDA · FY 2026
₹104.12 Cr ▼ 23.35%
Revenue₹ Cr · Standalone02,0004,000FY 2020: ₹1,524 Cr1,524FY 2020FY 2021: ₹1,090 Cr · -28.5% YoY1,090-28.5%FY 2021FY 2022: ₹2,176 Cr · +99.6% YoY2,176+99.6%FY 2022FY 2023: ₹2,027 Cr · -6.8% YoY2,027-6.8%FY 2023FY 2024: ₹2,010 Cr · -0.8% YoY2,010-0.8%FY 2024FY 2025: ₹3,547 Cr · +76.4% YoY3,547+76.4%FY 2025FY 2026: ₹2,872 Cr · -19% YoY2,872-19%FY 2026
Net Profit₹ Cr · Standalone-250255075FY 2020: ₹1 Cr (loss)-0.5FY 2020FY 2021: ₹19 Cr (loss) · -3589.1% YoY-18.7FY 2021FY 2022: ₹68 Cr · +462.3% YoY67.8+462.3%FY 2022FY 2023: ₹1 Cr · -98.8% YoY0.8-98.8%FY 2023FY 2024: ₹45 Cr · +5496.7% YoY45+5496.7%FY 2024FY 2025: ₹33 Cr · -25.5% YoY33.5-25.5%FY 2025FY 2026: ₹33 Cr · -1.1% YoY33.1-1.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹722 Cr · +30.2% YoY722+30.2%Q1'25Q2'25: ₹850 Cr · +105.2% YoY850+105.2%Q2'25Q3'25: ₹926 Cr · +100.4% YoY926+100.4%Q3'25Q4'25: ₹1,049 Cr · +81.1% YoY1,049+81.1%Q4'25Q1'26: ₹1,048 Cr · +45.2% YoY1,048+45.2%Q1'26Q2'26: ₹785 Cr · -7.7% YoY785-7.7%Q2'26Q3'26: ₹500 Cr · -46.1% YoY500-46.1%Q3'26Q4'26: ₹540 Cr · -48.5% YoY540-48.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,871.87 Cr ₹3,546.68 Cr ₹2,010.09 Cr ₹2,026.76 Cr ₹2,175.57 Cr ₹1,090.23 Cr ₹1,524.26 Cr
Other Income ₹14.2 Cr ₹7.63 Cr ₹34.59 Cr ₹11.62 Cr ₹18.61 Cr ₹23.52 Cr ₹24.37 Cr
Total Income ₹2,886.07 Cr ₹3,554.3 Cr ₹2,044.68 Cr ₹2,038.38 Cr ₹2,194.18 Cr ₹1,113.76 Cr ₹1,548.64 Cr
Cost of Materials Consumed ₹2,486.05 Cr ₹3,118.24 Cr ₹1,594.28 Cr ₹1,600.95 Cr ₹1,686.34 Cr ₹784.8 Cr ₹1,058.22 Cr
Purchases of Stock-in-Trade ₹7.51 Cr ₹21.97 Cr ₹7.86 Cr ₹57.86 Cr ₹32.13 Cr ₹9.39 Cr ₹24.53 Cr
Changes in Inventories ₹22.35 Cr -₹8.4 Cr ₹28.04 Cr -₹1.08 Cr -₹20.49 Cr ₹3.76 Cr ₹53.22 Cr
Employee Benefit Expense ₹87.95 Cr ₹87.81 Cr ₹74.23 Cr ₹74.11 Cr ₹80.57 Cr ₹51 Cr ₹79.28 Cr
Finance Costs ₹17.66 Cr ₹36.74 Cr ₹47.23 Cr ₹53.38 Cr ₹42.06 Cr ₹42.26 Cr ₹43.04 Cr
Depreciation & Amortisation ₹44.21 Cr ₹53.21 Cr ₹40.55 Cr ₹37.19 Cr ₹44.49 Cr ₹78.38 Cr ₹87.7 Cr
Other Expenses ₹178.08 Cr ₹198.85 Cr ₹187.37 Cr ₹210.56 Cr ₹236.8 Cr ₹175.54 Cr ₹209.85 Cr
Total Expenses ₹2,843.82 Cr ₹3,508.42 Cr ₹1,979.56 Cr ₹2,032.96 Cr ₹2,101.91 Cr ₹1,145.14 Cr ₹1,555.83 Cr
Profit Before Exceptional Items & Tax ₹42.26 Cr ₹45.88 Cr ₹65.12 Cr ₹5.42 Cr ₹92.27 Cr -₹31.38 Cr -₹7.2 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹42.26 Cr ₹45.88 Cr ₹65.12 Cr ₹5.42 Cr ₹92.27 Cr -₹31.38 Cr -₹7.2 Cr
Total Tax Expense ₹9.13 Cr ₹12.4 Cr ₹20.15 Cr ₹4.61 Cr ₹24.45 Cr -₹12.66 Cr -₹5.42 Cr
Net Profit ₹33.13 Cr ₹33.48 Cr ₹44.97 Cr ₹80.35 Lakh ₹67.82 Cr -₹18.72 Cr -₹50.74 Lakh
  attributable to Owners - - - - - ₹0 -
  attributable to NCI - - - - - ₹0 -
Other Comprehensive Income -₹73.43 Lakh ₹17.02 Lakh ₹14.31 Lakh ₹68.52 Lakh ₹15.31 Lakh -₹53.68 Lakh ₹21.54 Lakh
Total Comprehensive Income ₹32.39 Cr ₹33.65 Cr ₹45.11 Cr ₹1.49 Cr ₹67.97 Cr -₹19.26 Cr -₹29.2 Lakh
EBITDA (computed) ₹104.12 Cr ₹135.84 Cr ₹152.91 Cr ₹95.98 Cr ₹178.82 Cr ₹89.26 Cr ₹123.55 Cr
Basic EPS ₹0.23 ₹0.23 ₹3.12 ₹0.06 ₹4.70 ₹-3.90 ₹-0.11
Diluted EPS ₹0.23 ₹0.23 ₹3.12 ₹0.06 ₹4.70 ₹-3.90 ₹-0.11
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,031.61 Cr ₹1,274.49 Cr ₹1,182.12 Cr ₹1,267.41 Cr
Non-current Assets ₹429.07 Cr ₹476.36 Cr ₹519.62 Cr ₹547.77 Cr
Current Assets ₹602.54 Cr ₹798.13 Cr ₹662.5 Cr ₹719.64 Cr
Property, Plant & Equipment ₹420.46 Cr ₹458.84 Cr ₹507.73 Cr ₹534.05 Cr
Inventories ₹142.85 Cr ₹176.81 Cr ₹167.59 Cr ₹207.32 Cr
Trade Receivables ₹376.65 Cr ₹510.53 Cr ₹371.93 Cr ₹353.22 Cr
Cash & Equivalents ₹3.54 Cr ₹2.51 Cr ₹15.31 Cr ₹3.17 Cr
Equity (Net Worth) ₹651.18 Cr ₹618.82 Cr ₹585.2 Cr ₹540.36 Cr
Equity Share Capital ₹144.15 Cr ₹144.15 Cr ₹144.15 Cr ₹144.15 Cr
Borrowings (Non-current) ₹49.9 Cr ₹63.32 Cr ₹96.32 Cr ₹162.81 Cr
Borrowings (Current) ₹67.44 Cr ₹185.3 Cr ₹233.36 Cr ₹302.06 Cr
Total Debt (computed) ₹117.34 Cr ₹248.61 Cr ₹329.68 Cr ₹464.86 Cr
Current Liabilities ₹268.18 Cr ₹535.98 Cr ₹453.31 Cr ₹543.81 Cr
Total Liabilities ₹380.43 Cr ₹655.67 Cr ₹596.92 Cr ₹727.05 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹144.45 Cr ₹95.07 Cr ₹230.41 Cr ₹140.96 Cr ₹101.38 Cr
Investing Cash Flow ₹5.78 Cr ₹9.56 Cr -₹49.77 Cr -₹21.08 Cr -₹55.41 Cr
Financing Cash Flow -₹149.2 Cr -₹117.43 Cr -₹168.5 Cr -₹145.36 Cr -₹34.75 Cr
Capital Expenditure ₹5.31 Cr ₹8.38 Cr ₹44.41 Cr ₹17.54 Cr -₹52.5 Cr
Free Cash Flow (computed) ₹139.14 Cr ₹86.69 Cr ₹186 Cr ₹123.42 Cr ₹48.88 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹1.03 Cr -₹12.8 Cr ₹12.14 Cr -₹25.47 Cr ₹39.87 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹539.98 Cr ₹499.53 Cr ₹784.69 Cr ₹1,047.68 Cr ₹1,048.65 Cr ₹926.15 Cr ₹850.25 Cr ₹721.62 Cr ₹579.12 Cr ₹462.18 Cr ₹414.42 Cr ₹554.37 Cr
Other Income ₹9.39 Cr ₹1.45 Cr ₹1.83 Cr ₹1.54 Cr ₹1.62 Cr ₹1.85 Cr ₹1.92 Cr ₹2.24 Cr ₹25.79 Cr ₹1.39 Cr ₹4.01 Cr ₹3.39 Cr
Total Income ₹549.37 Cr ₹500.97 Cr ₹786.52 Cr ₹1,049.21 Cr ₹1,050.27 Cr ₹928 Cr ₹852.17 Cr ₹723.86 Cr ₹604.91 Cr ₹463.57 Cr ₹418.43 Cr ₹557.76 Cr
Cost of Materials Consumed ₹452.1 Cr ₹411.21 Cr ₹686.58 Cr ₹936.16 Cr ₹933.61 Cr ₹828.7 Cr ₹726.01 Cr ₹629.92 Cr ₹469.76 Cr ₹355.24 Cr ₹312.24 Cr ₹457.04 Cr
Purchases of Stock-in-Trade ₹56.6 Lakh ₹50,000 ₹3.96 Cr ₹2.98 Cr ₹10.67 Cr ₹4.32 Cr ₹0 ₹6.98 Cr ₹2.65 Cr ₹1.84 Cr ₹1.25 Cr ₹2.11 Cr
Changes in Inventories ₹10.64 Cr ₹5.25 Cr ₹78.83 Lakh ₹5.67 Cr -₹2.17 Cr -₹3.72 Cr ₹20.07 Cr -₹22.58 Cr ₹49.7 Lakh ₹10.41 Cr ₹9.19 Cr ₹7.95 Cr
Employee Benefit Expense ₹20.7 Cr ₹21.44 Cr ₹23.72 Cr ₹22.1 Cr ₹23.34 Cr ₹21.63 Cr ₹22.15 Cr ₹20.69 Cr ₹18.96 Cr ₹18.08 Cr ₹18.05 Cr ₹19.15 Cr
Finance Costs -₹3.5 Cr ₹6.74 Cr ₹6.9 Cr ₹7.52 Cr ₹9.07 Cr ₹8.62 Cr ₹9.46 Cr ₹9.59 Cr ₹14.63 Cr ₹10.46 Cr ₹10.33 Cr ₹11.81 Cr
Depreciation & Amortisation ₹10.9 Cr ₹11.65 Cr ₹10.05 Cr ₹11.61 Cr ₹12.41 Cr ₹13.62 Cr ₹13.6 Cr ₹13.59 Cr ₹11.39 Cr ₹9.77 Cr ₹9.72 Cr ₹9.68 Cr
Other Expenses ₹42.94 Cr ₹40.58 Cr ₹46.2 Cr ₹48.36 Cr ₹48.8 Cr ₹46.21 Cr ₹49.48 Cr ₹54.37 Cr ₹48.27 Cr ₹44.28 Cr ₹47.03 Cr ₹47.78 Cr
Total Expenses ₹534.34 Cr ₹496.87 Cr ₹778.2 Cr ₹1,034.4 Cr ₹1,035.73 Cr ₹919.37 Cr ₹840.76 Cr ₹712.55 Cr ₹566.15 Cr ₹450.09 Cr ₹407.8 Cr ₹555.52 Cr
Profit Before Exceptional Items & Tax ₹15.02 Cr ₹4.1 Cr ₹8.32 Cr ₹14.82 Cr ₹14.54 Cr ₹8.63 Cr ₹11.41 Cr ₹11.31 Cr ₹38.76 Cr ₹13.48 Cr ₹10.63 Cr ₹2.24 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹15.02 Cr ₹4.1 Cr ₹8.32 Cr ₹14.82 Cr ₹14.54 Cr ₹8.63 Cr ₹11.41 Cr ₹11.31 Cr ₹38.76 Cr ₹13.48 Cr ₹10.63 Cr ₹2.24 Cr
Total Tax Expense ₹5.51 Cr ₹1.13 Cr -₹1.13 Cr ₹3.62 Cr ₹3.9 Cr ₹2.05 Cr ₹2.63 Cr ₹3.81 Cr ₹11.66 Cr ₹5.53 Cr ₹2.43 Cr ₹53.71 Lakh
Net Profit ₹9.51 Cr ₹2.97 Cr ₹9.45 Cr ₹11.2 Cr ₹10.63 Cr ₹6.58 Cr ₹8.78 Cr ₹7.49 Cr ₹27.11 Cr ₹7.96 Cr ₹8.2 Cr ₹1.71 Cr
Other Comprehensive Income -₹86.2 Lakh -₹1.43 Lakh ₹9.94 Lakh ₹4.26 Lakh ₹6.29 Lakh ₹3.59 Lakh ₹3.57 Lakh ₹3.58 Lakh -₹35.64 Lakh ₹15.69 Lakh ₹17.13 Lakh ₹17.13 Lakh
Total Comprehensive Income ₹8.65 Cr ₹2.96 Cr ₹9.55 Cr ₹11.24 Cr ₹10.69 Cr ₹6.62 Cr ₹8.81 Cr ₹7.53 Cr ₹26.75 Cr ₹8.11 Cr ₹8.37 Cr ₹1.88 Cr
EBITDA (computed) ₹22.42 Cr ₹22.49 Cr ₹25.26 Cr ₹33.94 Cr ₹36.02 Cr ₹30.87 Cr ₹34.47 Cr ₹34.48 Cr ₹64.78 Cr ₹33.71 Cr ₹30.68 Cr ₹23.73 Cr
Basic EPS ₹0.07 ₹0.02 ₹0.07 ₹0.08 ₹0.07 ₹0.05 ₹0.06 ₹0.52 ₹1.88 ₹0.55 ₹0.57 ₹0.12
Diluted EPS ₹0.07 ₹0.02 ₹0.07 ₹0.08 ₹0.07 ₹0.05 ₹0.06 ₹0.52 ₹1.88 ₹0.55 ₹0.57 ₹0.12
Latest 12 quarters shown of 23 on record.
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Shareholding Pattern of Nandan Denim Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 51.01%, foreign institutional investors hold 0.68%, domestic institutional investors hold 1.31%, retail and other public shareholders hold 46.99% of Nandan Denim Limited. The company had 185,111 shareholders on record.

Promoters: 51.01%DII (Domestic Institutional): 1.31%FII (Foreign Institutional): 0.68%Retail & Others: 46.99%
Mar 2026
QUARTER
51.01% Promoters
1.31% DII (Domestic Institutional)
0.68% FII (Foreign Institutional)
46.99% Retail & Others
Promoter holding - history
Now 51.01% · Mar 2026High 64.87% · Mar 2023Low 51.01% · Sep 2024
50%54%58%62%66%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 61.47%Mar 2016: 61.47%Jun 2016: 58.27%Sep 2016: 58.27%Dec 2016: 58.27%Mar 2017: 58.27%Jun 2017: 58.44%Sep 2017: 60.18%Dec 2017: 60.65%Mar 2018: 61.17%Jun 2018: 62.59%Sep 2018: 63.14%Dec 2018: 64.21%Mar 2019: 64.73%Jun 2019: 64.73%Sep 2019: 64.73%Dec 2019: 64.74%Mar 2020: 64.73%Jun 2020: 64.73%Sep 2020: 64.74%Dec 2020: 64.73%Mar 2021: 64.74%Jun 2021: 64.74%Sep 2021: 64.73%Dec 2021: 64.73%Mar 2022: 64.73%Jun 2022: 64.73%Sep 2022: 64.73%Dec 2022: 64.73%Mar 2023: 64.87%Jun 2023: 64.87%Sep 2023: 64.87%Dec 2023: 64.87%Mar 2024: 64.87%Jun 2024: 58.47%Sep 2024: 51.01%Dec 2024: 51.01%Mar 2025: 51.01%Jun 2025: 51.01%Sep 2025: 51.01%Dec 2025: 51.01%Mar 2026: 51.01%64.87%51.01%51.01%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters51.01%51.01%51.01%51.01%51.01%51.01%
Public48.99%48.99%48.99%48.99%48.99%48.99%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters51.01%51.01%64.87%64.87%64.73%64.74%64.73%64.73%61.17%58.27%61.47%
Public48.99%48.99%35.13%35.13%35.27%35.27%35.27%35.27%38.83%41.73%38.53%
Promoter change (YoY, %pts)+0.00-13.86+0.00+0.14-0.01+0.01+0.00+3.56+2.90-3.20-

Board & Governance of Nandan Denim Limited

As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Nandan Denim Limited has 7 directors - 5 independent and 2 executive. The board is chaired by Jyotiprasad Devkinandan Chiripal.

DirectorPositionOn board sinceListed boards
Jyotiprasad Devkinandan Chiripal Executive Director · MD · Chairperson 2017-06-01 2
Shaktidan Jayendrasingh Gadhavi Executive Director 2020-12-28 1
Rahul Narendra Mehta Non-Executive - Independent Director 2022-08-13 3
Kirit Vaikunthraya Joshi Non-Executive - Independent Director 2022-08-13 1
Nalini Nageswaran Non-Executive - Independent Director 2023-05-30 2
Suresh Chatterjee Non-Executive - Independent Director 2025-08-06 2
Ambalal Chhitabhai Patel Non-Executive - Independent Director 2025-09-17 5
Board Committees
CommitteeMembers
Audit Committee Kirit Vaikunthraya Joshi (Chairperson), Nalini Nageswaran, Jyotiprasad Devkinandan Chiripal, Suresh Chatterjee
Nomination and remuneration committee Kirit Vaikunthraya Joshi (Chairperson), Nalini Nageswaran, Ambalal Chhitabhai Patel
Stakeholders Relationship Committee Suresh Chatterjee (Chairperson), Nalini Nageswaran, Jyotiprasad Devkinandan Chiripal
Risk Management Committee Jyotiprasad Devkinandan Chiripal (Chairperson), Shaktidan Jayendrasingh Gadhavi, Nalini Nageswaran
Corporate Social Responsibility Committee Ambalal Chhitabhai Patel (Chairperson), Jyotiprasad Devkinandan Chiripal, Shaktidan Jayendrasingh Gadhavi

Charges & Borrowings of Nandan Denim Limited

Open charges
₹792.85 Cr
Satisfied charges
₹1,115.69 Cr
Breakdown by lending institutions
Others₹792.85 Cr
Latest charge details
DateLenderAmountStatus
22 Jun 2023 Others ₹3.07 Cr Open
31 Mar 2022 Others ₹10.5 Cr Open
06 May 2004 Others ₹389.64 Cr Open
06 May 2004 Others ₹389.64 Cr Open
15 May 2015 Bank of India ₹75 Cr Satisfied

Total charge records: 28 View all charges

Employees and EPFO Compliance at Nandan Denim Limited

Nandan Denim Limited has a workforce of 1,259 employees as of Apr 07, 2024.

Employee count
1,259
Active EPFO establishments
2
Employee growth
10.63%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Nandan Denim Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Nandan Denim Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Nandan Denim Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Nandan Denim Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Nandan Denim Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Nandan Denim Limited

MSME Payment Delays by Nandan Denim Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Nandan Denim Limited

Subsidiaries & Group Companies of Nandan Denim Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Nandan Denim Limited

MCA Filings & Documents of Nandan Denim Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Nandan Denim Limited

Charges
13 Nov 2025
A charge with Others of Rs. 389.64 Cr registered on 06 May 2004 with Charge ID 90099828 was modified on 13 Nov 2025.
Charges
13 Nov 2025
A charge with Others of Rs. 389.64 Cr registered on 06 May 2004 with Charge ID 90100998 was modified on 13 Nov 2025.
Activity
17 Sep 2025
Nandan Denim Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Directors
17 Sep 2025
Ambalal Chhitabhai Patel was appointed as a Director on 17 Sep 2025 & has been associated with this company since 9 months 21 days.
Directors
06 Aug 2025
Suresh Chatterjee was appointed as a Director on 06 Aug 2025 & has been associated with this company since 11 months 2 days.
Activity
31 Mar 2025
Nandan Denim Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.

Frequently Asked Questions about Nandan Denim Limited

Nandan Denim Limited is an active public limited company in the fashion and textile sector based in Ahmedabad, Gujarat, India. It was incorporated on 09 August 1994 (32+ years old) and is registered under CIN L51909GJ1994PLC022719. Listed on BSE: 532641 and NSE: NDL. The company has 1,259 employees.

Nandan Denim Limited reported revenue of ₹3,554.3 Cr for FY 2025 (up 74.00% YoY).

The current directors of Nandan Denim Limited are:

The primary industry of Nandan Denim Limited is fashion and textile. The company specifically operates in denim and casual wear. The company is currently active in this sector.

Yes. Nandan Denim Limited is listed on both BSE (code: 532641) and NSE (symbol: NDL).

Nandan Denim Limited can be reached at the registered office: Survey No 1981 2032 Saijpur Gopalpur Pirana Road Piplej, Ahmedabad, Gujarat, India – 382405, or through the website chiripalgroup.com.

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