Nitin Spinners Limited has informed the Exchange about change in Management
NITINSPIN · price
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Awaiting price reaction for this filing.
Nitin Spinners' board met on August 5, 2025 and approved unaudited Q1 FY26 results (quarter ended June 30, 2025). Revenue from operations stood at Rs. 793.31 crore, marginally down from Rs. 802.97 crore in Q1 FY25. Net profit came in at Rs. 40.99 crore versus Rs. 42.12 crore year-on-year, with EPS of Rs. 7.29 (vs Rs. 7.49). The 33rd Annual General Meeting is scheduled for September 6, 2025. Four employees were designated as Senior Management Personnel: three were internal promotions to Vice President roles (Arvind Singh Rathore and Ghanshyam Heda in Engineering, Inderjeet Singh in Spinning), while Om Prakash Verma joins as General Manager (HR). The trading window for insiders reopens on August 8, 2025.
Mildly soft Q1 performance with a slight dip in both revenue and profit compared to last year, though margins appear stable. The management changes are routine internal promotions and one new HR hire, with no impact on leadership or board composition. The AGM date confirms the annual shareholder event timeline.