Nitin Spinners Limited Announces Q2 Results and Re-appointment of Independent Director
Nitin Spinners Limited has reported its unaudited financial results for the quarter ended June 30, 2026. The company announced that its Annual General Meeting (AGM) will be held on September 21, 2026. Additionally, the Board meeting approved the re-appointment of Sh. Rohit Swadheen Mehta as a Non-Executive Independent Director for the second consecutive term.The results and governance updates were released following a Board meeting conducted on August 8, 2026. The company’s business activities operate within the single operating segment of Textiles, adhering to Indian Accounting Standard-108.
Financial Performance Highlights
Nitin Spinners Limited provided statements of standalone unaudited financial results for the quarter ended June 30, 2026 (in Rupees in Lakhs). The company's total revenue stood at 87,747.39 during this period.Key figures from the Statement of Standalone Unaudited Financial Results are detailed below:
| Particulars | Qtr Ended 30.06.2026 (Unaudited) | Qtr Ended 31.03.2026 (Audited\*) | Qtr Ended 30.06.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 87503.04 | 85979.16 | 7933L.32 | 321386.69 |
| Other Income / (Loss) | 244.35 | 154.36 | 177.94 | 500.89 |
| Total Revenue | 87747.39 | 86133.52 | 79s09.26 | 321887.58 |
| Total Expenses | 77649.76 | 78292.57 | 73996.55 | 298011.32 |
| Profit (Loss) before Exceptional items and tax | 10097.63 | 7840.95 | 5512.70 | 23876.26 |
| Profi(Loss) from for the period from Continuing Operations | 7526.68 | 5736.38 | 4098.63 | 17754.94 |
| Total Comprehensive Income/(Loss) for the period, net of tax | 8040.30 | 5645.73 | 3939.07 | 17639.74 |
| Basic Earning Per Share (for Continuing Operations) | 13.39 | 10.20 | 7.29 | 31.58 |
Corporate Governance and Directorship Updates
The board meeting covered the recommendation for the re-appointment of Sh. Rohit Swadheen Mehta, bearing DIN: 09449679. This appointment is intended to fill the second term of consecutive five years, effective from December 30, 2026, up to December 29, 2031.Details concerning Mr. Mehta’s appointments indicate that there are no relationships between him and any other Director or Key Managerial Personnel (KMP) of the Company.
In line with company procedures for the Prohibition of Insider Trading, the trading window for directors, designated persons, and connected persons, along with their immediate relatives, will open starting from August 11, 2026.
NITINSPIN Stock Price Movement
On Friday, Nitin Spinners Limited shares rallied, gaining 1.29% to settle at ₹577.40 in the traded session. The stock closed buoyantly after trading on a volume of 69,102 shares, finishing within its daily range established between ₹569.80 and ₹580.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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