Super Spinning Mills Approves Financial Results, Sets Dates for 64th AGM
Super Spinning Mills Limited announced that its Board of Directors met on May 26, 2026, and approved the audited financial results for the quarter and year ended March 31, 2026. The company also detailed key updates regarding operational disputes and governance appointments.During the board meeting, the company confirmed that its Statutory Auditors, C S K Prabhu and Co LLP, issued an unmodified opinion on the Audited Financial Results for the financial year ended March 31, 2026. Furthermore, the board approved the appointment of Mr. A Palaniappan, Chartered Accountant, as the Internal Auditor for the financial year 2026-27.
Corporate Governance and Operational Updates
Super Spinning Mills Limited scheduled the 64th Annual General Meeting (AGM) for the financial year ended March 31, 2026, on Friday, August 28, 2026. The meeting will be held at 3:30 PM through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company set the cut-off date for identifying shareholders eligible to vote by e-voting at the AGM as Friday, August 21, 2026.Regarding power disputes, the company noted several pending disputes between Andhra Pradesh Gas Power Corporation Limited (APGCL), Southern Power Distribution Company Limited (SPDCL), and the company. An outstanding arrear amount in the electricity bills of SPDCL as of March 31, 2026, is Rs. 8324.06 Lakhs, comprising Current Consumption Charges of Rs. 3,503.04 Lakhs and Surcharge of Rs. 4,821.02 Lakhs. After assessing available data and considering that some claims may have been settled by the Company to APGCL, management estimated Electricity Payables at Rs. 1,907.56 Lakhs. The company provided Nil Lakhs in the books of account for this provision, compared to Rs. 852.24 lakhs in the previous year.
Financial Results Summary (In Lakhs of Indian Rupees)
The comprehensive financial data for the period ending March 31, 2026, includes the following audited statements:Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026
| Particulars | Three months ended March 31, 2026 (audited) | Three months ended December 31, 2025 (unaudited) | Three months ended March 31, 2025 (audited) |
|---|---|---|---|
| Total Income | 175.10 | 168.38 | 197.99 |
| Total Expenses | 286.98 | 102.88 | 124.43 |
| Profit/(Loss) before exceptional Items and tax | (111.88) | 65.50 | 73.56 |
| Profit/(Loss) for the period from continuing operations | (313.57) | 116.14 | (1,268.78) |
| Profit/(Loss) for the period (Total) | (580.20) | 112.63 | (1,604.58) |
| Total comprehensive income for the period | (713.38) | 112.63 | (1,640.64) |
Statement of Assets and Liabilities (As at March 31, 2026, audited)
| Particulars | Amount |
|---|---|
| Non-Current Assets | |
| Property, plant and equipment | 52.96 |
| Investment property | 7,890.41 |
| Other financial assets | 140.88 |
| Deferred Tax Asset | . |
| Other non-current assets | 3.90 |
| Total Non-Current Assets | 8,088.15 |
| Current Assets | |
| Trade receivables | . |
| Cash and cash equivalents | 124.27 |
| Other Bank Balances | 567.89 |
| Other current assets | 200.27 |
| Non-Current Assets Held for Sale | 3.52 |
| Total Current Assets | 895.95 |
| Total Assets | 8,984.11 |
| Total Equity and Liabilities | |
| Equity | |
| Equity share capital | 550.00 |
| Other Equity | 4,389.01 |
| Total Equity | 4,939.01 |
| Non-current liabilities | |
| Lease Liabilities | 212.82 |
| Borrowings | 1,017.97 |
| Other Long term liabilities | 11.00 |
| Deferred Tax Liability | 102.22 |
| Provisions | 5.88 |
| Total Non-Current Liabilities | 1,349.89 |
| Current liabilities | |
| Lease Liabilities | 37.85 |
| Borrowings | 234.61 |
| Trade payables | 64.08 |
| Other current liabilities | 2,279.12 |
| Provisions | 79.54 |
| Total Current Liabilities | 2,695.21 |
| Total Equity and Liabilities | 8,984.11 |
Segment Revenue and Results
| Segment | Three months ended March 31, 2026 (audited) | Twelve months ended March 31, 2026 (audited) |
|---|---|---|
| Rental services (Revenue) | 164.02 | 630.91 |
| Total (Continuing Operations) | 164.02 | 630.91 |
| Profit/(Loss) from continuing operations | (112.44) | 148.94 |
| Profit/(Loss) from discontinued operations (Textiles) | (232.67) | (356.38) |
| Total profit/(loss) before tax and finance cost | (307.93) | (147.43) |
Statement of Cash Flows Summary (Year Ended March 31, 2026)
The cash flow statement for the year ending March 31, 2026, shows the following movements:| Activity | Amount (lakhs) |
|---|---|
| Net cash flow from Operating activities | 311.09 |
| Net cash flow from Investing activities | 423.35 |
| Net cash flow from Financing activities | (764.12) |
| Net decrease in cash and cash equivalents | (29.68) |
| Cash and cash equivalents at end of the year | 124.27 |
SUPERSPIN Stock Price Movement
Today, Super Spinning Mills Limited shares edged higher to close at ₹5.04, gaining 0.99% for the day. The stock saw significant activity in the post-market, supported by a total traded volume of 54,389 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: