The Board meeting was commenced at 10.30 AM. We hereby state that the following was considered at the Board of Directors meeting held on 28-5-2025.. 1. Audited accounts for the period ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maris Spinners Limited held a Board Meeting on May 28, 2025 (10:30 AM to 11:30 AM) where the Board approved and adopted the audited standalone financial results for the year ended March 31, 2025, along with the Directors' Report and Balance Sheet. The 46th Annual General Meeting was scheduled for August 29, 2025 to be held via video conferencing, with the Register of Members to remain closed from August 23 to August 29, 2025. The Board re-appointed Mr. A. Gopala Iyengar as Cost Auditor for FY26 and appointed Mr. V.K. Shankarararamann of M/s V K S Associates as Practicing Company Secretary for a 5-year term (April 1, 2025 to March 31, 2030). Statutory auditors Raghavan, Chaudhuri & Narayanan issued an unmodified (clean) opinion on the results. The company reported a net loss before tax of ₹164.69 lakhs, a sharp improvement from a loss of ₹1,326.58 lakhs in FY24. Operating cash flow improved substantially to ₹1,454.19 lakhs versus ₹426.11 lakhs in the previous year.
Though still loss-making at the bottom line, the company has dramatically narrowed its losses and tripled its operating cash generation, suggesting operational recovery. Shareholders should note the AGM date (Aug 29, 2025) and book closure window (Aug 23-29, 2025); no dividend or major capital action was announced in this filing.