MEETING TO CONSIDER UNAUDITED FINANCIAL RESULTS FOR QUARTER ENDING 30.06.2025 AND APPOINTMENT OF DIRCTORS
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Awaiting price reaction for this filing.
Maris Spinners' Board met on 1st August 2025 and approved unaudited results for Q1FY26 (quarter ended 30 June 2025). Revenue from operations fell to ₹3,809.32 lakhs from ₹4,492.95 lakhs in the same quarter last year, an about 15% drop. Total income stood at ₹3,996.84 lakhs against ₹4,885.28 lakhs YoY. The company slipped into a loss of ₹45.34 lakhs (basic EPS of ₹-0.57) compared with a profit of ₹131.42 lakhs (EPS ₹-0.86 wait, corrected EPS ₹1.66 implied) in Q1FY25. The Board also approved the cost audit report for FY25. In addition, three directors were appointed at this meeting: Mr. R. Thangamariappan and Mr. R.S. Ganappati as additional non-promoter, non-independent executive (whole-time technical) directors, and Mrs. V Sumathi as an additional non-executive independent director.
The year-on-year revenue decline and swing to a loss point to continued weak operating performance, which may weigh on the stock in the short term. The addition of a new independent director and two technical executive directors is a mild positive for governance and operational depth, but the weak numbers are likely to dominate near-term sentiment.