Suryalakshmi Cotton Mills Approves Q1 Unaudited Results, Announces Key Management Appointments
Suryalakshmi Cotton Mills Limited announced the approval of its un-audited financial results for the first quarter ended June 30, 2026. The Board of Directors reviewed and approved the financial performance in addition to setting details for the company's upcoming Annual General Meeting (AGM). The meeting was held on August 8, 2026.The Board also addressed significant changes in key managerial personnel, approving the appointment of a new Company Secretary while noting the cessation of another executive due to superannuation.
AGM and Book Closure Details
The company approved convening its 63rd Annual General Meeting (AGM) on Wednesday, September 30, 2026. The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).The book closure dates for the AGM have been set from Wednesday, September 23, 2026, to Wednesday, September 30, 2026.
Personnel Changes
During the Board meeting, it was noted that Sri E. V. S. V. Sarina (Membership No. A5220), who served as Company Secretary and Compliance Officer and Key Managerial Personnel, had ceased his role effective August 8, 2026, upon attaining superannuation.In response to the cessation, and based on the recommendation of the Nomination and Remuneration Committee, Ms. Murmur Baid (Membership No. A40189) was appointed as the new Company Secretary and Compliance Officer and Key Managerial Personnel. The appointment became effective from the close of business hours on August 8, 2026.
Ms. Baid is an Associate Member of The Institute of Company Secretaries of India (Membership No. A40189) and holds a Bachelor of Laws (LL.B.) degree. She possesses extensive experience in corporate secretarial, legal, and compliance functions across listed, unlisted, and private companies.
Q1 Financial Performance Highlights
The company's unaudited financial results for the quarter ending June 30, 2026, were approved by the Audit Committee and subsequently ratified by the Board of Directors. These results reflect the performance against historical periods and are presented below in Rupees in Lakhs.| Particulars | For Quarter Ended 30-Jun-26 (Unaudited) | For Quarter Ended 31-Mar-26 (Audited) | For Quarter Ended 30-Jun-25 (Unaudited) | For Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 18,223.08 | 24,051.10 | 17,834.56 | 79,471.80 |
| Total Income (I+II) | 18,270.62 | 24,186.41 | 17,910.13 | 80,494.15 |
| Expenses | ||||
| Cost of materials consumed | 13,172.96 | 13,859.72 | 10,683.53 | 46,303.61 |
| Purchase of stock in trade | 371.36 | 74.05 | 1,600.80 | 2,091.23 |
| Change in inventories | (3,728.91) | 2,404.06 | (2,261.84) | 1,023.67 |
| Employee benefit Expenses | 1,857.57 | 1,900.75 | 1,807.94 | 7,340.97 |
| Finance costs | 815.04 | 722.09 | 807.52 | 2,989.13 |
| Depreciation and amortisation expenses | 485.90 | 495.15 | 486.04 | 1,966.75 |
| Other expenses | 4,921.45 | 4,607.21 | 4,570.74 | 18,322.51 |
| Total Expenses | 17,895.37 | 24,063.03 | 17,694.73 | 80,037.87 |
| Profit before tax | 375.25 | 149.55 | 215.40 | 482.45 |
| Current tax expense | 93.96 | 33.75 | 36.00 | 85.75 |
| Deferred tax | 46.00 | 33.29 | 33.37 | 85.16 |
| Profit/(loss) for the period from continuing operations | 235.29 | 82.51 | 146.03 | 311.54 |
The Financial Results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The company affirmed that its business activity falls within a single business segment, i.e., Textiles, in terms of Ind AS 108 - Operating Segments.
SURYALAXMI Stock Price Movement
On Friday, shares of Suryalakshmi Cotton Mills Limited edged higher to close at ₹60.22, marking a gain of 1.95%. The stock saw activity during the session, with 7,214 shares being traded.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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