Board meeting held on 28-5-2026 considered among other things 1. audited accounts for quarter/ year ended 31-3-2026 2. re appointment Managing Director for three years 3. Approval of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maris Spinners Limited's Board met on 28 May 2026 and approved the audited standalone financial results for the quarter and year ended 31 March 2026. The company reported a net loss of Rs. 216.43 lakh for FY2026 compared to a loss of Rs. 164.69 lakh in the prior year, with total income of Rs. 4,302.96 lakh. The Board decided not to declare any dividend for FY2026. The 47th Annual General Meeting is scheduled for 20 August 2026. Key governance items included the reappointment of Managing Director Mr T Raghuraman for a further 3-year term (23 September 2026 to 22 September 2029) and reappointment of Cost Auditor Mr A. Gopala Iyengar for FY2026-27. Related party transactions for the year were noted. The statutory auditors issued an unmodified (clean) opinion on the financial results. Share capital remains Rs. 7.92 crore with reserves declining to Rs. 1,049.84 lakh from Rs. 1,191.45 lakh.
The net loss widened year-on-year, and the decline in reserves signals continued financial stress. The no-dividend decision reinforces caution. The MD's reappointment is routine and provides continuity but the company needs operational improvement. The clean auditor opinion is a positive governance signal.