Aananda Lakshmi Spinning Mills Approves Interim Results, Re-appoints MD Devender Kumar Agarwal

Aananda Lakshmi Spinning Mills Approves Interim Results, Re-appoints MD Devender Kumar Agarwal​

Aananda Lakshmi Spinning Mills Ltd announced key outcomes of its Board meeting held on Tuesday, August 11, 2026. The board approved the unaudited financial results for the quarter ending June 30, 2026, and ratified the Directors' Report for the fiscal year ended March 31, 2026. A significant decision from the meeting was the re-appointment of Mr. Devender Kumar Agarwal as Managing Director.

The company provided comprehensive financial data spanning two quarters, highlighting its operational performance. The board also addressed the ongoing status of the spinning division, which has been discontinued since September 22, 2020.

Financial Performance Highlights​

The unaudited results for the quarter ended June 30, 2026, alongside the audited data for the fiscal year ending March 31, 2026, show a detailed financial snapshot of the company's operations.

Key figures from the Unaudiated Financial Results for the Quarter Ended June 30, 2026 (Amounts in Lakhs):

• Revenue from Operations: 9.90
• Total Income: 7.30
• Expenses: 17.20
• Profit/Loss from Continuing Operations before tax: 14.11

The results for the quarter also included several components of expenses, such as finance costs (5.41) and depreciation and amortisation expenses (8.08).

A summary of the financial results in Lakhs across different periods is provided below:

Management and Operational Updates​

The board meeting confirmed the re-appointment of Mr. Devender Kumar Agarwal as Managing Director.

In operational matters, the results of the spinning division were reviewed, which has been subject to a resolution for discontinuance since September 22, 2020, due to continued cash losses. The management also reported that there are no current comprehensive income figures for continuing operations, reporting an earnings per equity share (of face value of 10 each) of 0.09%.

The company’s non-current assets held for sale as at June 30, 2026, include property, plant, and equipment. Furthermore, the company holds inter corporate deposits aggregating to X125.30 lakhs, which are subject to renewal.

Auditor's Review and Qualification Note​

A review of the interim financial results conducted by an Independent Chartered Accountant noted a basis for qualified conclusion concerning statutory dues.

The auditor observed that no provision has been made in the books of account for the interest payable on outstanding unpaid statutory dues of Tax deducted at source up to date. This unprovisioned amount amounts to X 21.16 lakhs, including arrears amounting to X 21.13 lakhs up to March 31, 2026.

Stock Price Movement​

Aananda Lakshmi Spinning Mills Ltd. settled on Monday at ₹12.56, sinking by 3.38% in post-market trading. The shares moved within a tight intraday band, registering lows of ₹12.35 and highs of ₹13.00.