NITINSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitin Spinners Ltd's Board of Directors met on May 8, 2026, and approved the audited financial results for Q4 and full year ended March 31, 2026. Total income for FY26 stood at Rs. 330.93 crore (vs Rs. 321.39 crore in FY25), showing modest growth of about 3%. Profit After Tax (PAT) for the year was Rs. 17.54 crore compared to Rs. 14.81 crore in the previous year, representing approximately 18.4% growth. The Board recommended a dividend of Rs. 3 per share (30% on face value of Rs. 10), subject to shareholder approval at the AGM. The statutory auditors, Kalani & Co LLP, issued an unmodified (clean) audit opinion. The company also re-appointed M/s Vivek Laddha & Associates as Cost Auditors for FY 2026-27.
The company delivered steady profit growth of around 18%, with a clean audit opinion indicating no financial concerns. The dividend declaration provides direct cash returns to shareholders. The headline mentioning 'Change in Management' appears to be a category label rather than indicating any actual management change in this filing.