Suryalakshmi Cotton Mills Approves FY Results, Reappoints Statutory and Internal Auditors
Suryalakshmi Cotton Mills Limited held its Board of Directors meeting on Monday, May 25, 2026. During the meeting, the Board reviewed and approved the company's financial results for the fourth quarter and the financial year ended March 31, 2026, along with the accompanying Audit Report issued by the Statutory Auditors.The Board noted that the Statutory Auditors had issued an Audit Report with an unmodified opinion on the Audited Financial Statements for the year ended March 31, 2026. Furthermore, the Board decided that no dividend would be recommended on equity shares for the financial year 2025-26.
The company also approved the waiver of the preference dividend for FY 2025-26 concerning its 10% Cumulative Redeemable Preference Shares and 5% Non-Cumulative Redeemable Preference Shares, following written consent from the respective preference shareholders.
Governance and Appointments
The Board approved the reappointment of several key auditors and officers for the Financial Year 2026-27:- Internal Auditors: M/s. K. Vijayaraghavan & Associates, LLP, Chartered Accountants, were re-appointed as the Internal Auditors.
- Cost Auditors: M/s. S. Hariharan & Associates, Cost Accountants, were re-appointed as Cost Auditors, subject to ratification of their remuneration by shareholders at the ensuing Annual General Meeting.
- Tax Auditors: M/s. Brahmayya & Co., Chartered Accountants, were re-appointed as the Tax Auditors.
The Board also approved the appointment of Sri Venkata Phani Kiran Kumar Immanent (DIN: 11737207) as an Additional Director, designated as Non-Executive and Independent Director. This appointment is for a first term of five consecutive years, commencing from July 27, 2026, up to July 26, 2031, pending shareholder approval.
Director Changes and Committee Restructuring
The Board also approved the completion of the second and final term of Sri Dhruv Vijai Singh as an Independent Director, effective July 27, 2026.With these changes, the Board reconstituted its committees with effect from July 27, 2026:
| Committee | Chairperson | Members |
|---|---|---|
| Audit Committee | Smt Aruna Prasad | Sri R. Surender Reddy, Dr. Malapally Chowder Reddy Balaji, Sri Venkata Phani Kiran Kumar Immanent |
| Nomination & Remuneration Committee | Smt Arena Prasad | Dr. Malapally Chowda Reddy Balaji, Sri Venkata Phani Kiran Kumar Immanent |
| Corporate Social Responsibility (CSR) Committee | Smt Aruna Prasad | Sri L.N. Agarwal, Sri Paritosh Agarwal |
Redemption of Preference Shares
The Board took approval on two major share actions:1. Extension of Redemption Period: The redemption period for 5,00,000 10% Cumulative Redeemable Preference Shares of ₹100 each was extended. The shares, originally due for redemption on August 18, 2026, are now scheduled for redemption on or before August 17, 2029. This extension was approved to facilitate better cash flow management and align with the Company's long-term business plans.
2. Redemption of Shares: The Board approved the redemption of 2,00,000 5% Non-Cumulative Redeemable Preference Shares of ₹100 each, aggregating to ₹2,00,00,000. The source of this redemption was the profits of the Company, with a redemption date of June 30, 2026.
Financial Performance Summary
The audited financial results for the quarter and year ended March 31, 2026, showed the following key figures:| Particulars | Year Ended 31-Mar-2026 (Audited) | Year Ended 31-Mar-2025 (Audited) |
|---|---|---|
| Revenue from operations (lacs) | 79,471.80 | 79,176.46 |
| Total Income (lacs) | 80,494.15 | 79,634.74 |
| Profit before tax (lacs) | 482.45 | 552.24 |
| Profit/(loss) for the period (lacs) | 311.54 | 363.32 |
| Total Comprehensive Income for The Period (lacs) | 284.66 | 363.55 |
| Earnings per Equity share (Rs.) | 1.66 | 1.93 |
Balance Sheet Snapshot (Rs. in lacs)
| Particulars | As at 31-March-2026 | As at 31-Mar-2025 |
|---|---|---|
| Total Assets | 72,526.42 | 74,897.27 |
| Total Equity and Liabilities | 72,526.42 | 74,897.27 |
Cash Flow from Operating Activities (Rs. in lakhs)
| Particulars | For the Year Ended 31-Mar-2026 |
|---|---|
| Profit before tax | 482.45 |
| Adjustments (including Depreciation & Amortisation, Exceptional Items, etc.) | 5,251.96 |
| Cash generated from operations | 117.44 |
| Net Cash flow from operating activities | 6,168.47 |
| Cash and Cash equivalents at the end of the year | 15.43 |
SURYALAXMI Stock Price Movement
Today, Suryalakshmi Cotton Mills Limited shares edged higher, closing at ₹60.05, marking a 3.20% gain for the session. The stock saw trading volume of 2,489 shares, contributing to its upward momentum.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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