The outcome of Board meeting of Maris Spinners Ltd held on today the 28th May 2025 as follows : Audited accounts for the period ended 31.03.2025 were approved and adopted. The Directors ....
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Maris Spinners' board, meeting on May 28, 2025, approved 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 is scheduled for August 29, 2025, via audio-video means, with the register of members closing from August 23 to 29, 2025. The company's net loss before tax narrowed sharply to Rs. 164.69 lakhs in FY25 from Rs. 1,326.58 lakhs in FY24. Net cash from operating activities improved substantially to Rs. 1,454.19 lakhs versus Rs. 426.11 lakhs last year, while interest expense stood at Rs. 984.07 lakhs. Statutory auditor Raghavan, Chaudhuri & Narayanan issued an unmodified (clean) opinion on the results.
The company remains loss-making but the loss has narrowed meaningfully and operating cash flows have strengthened, which is a constructive signal for shareholders. Approval of audited results with a clean auditor opinion removes near-term compliance overhang, though sustained profitability will be the key thing to watch.