51st Annual Report of the company for the FY 2024-25
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Awaiting price reaction for this filing.
Sambandam Spinning Mills Limited has filed its 51st Annual Report for FY 2024-25 along with the notice for the 51st Annual General Meeting scheduled for 20th September 2025 via video conferencing. The record date has been fixed as 13th September 2025. Total revenue from operations grew strongly from Rs. 218.07 crore in FY24 to Rs. 268.48 crore in FY25, a jump of about 23%, driven mainly by higher domestic sales. However, the company remains in losses with Profit Before Tax at Rs. (10.17) crore versus Rs. (11.21) crore last year, and PAT at Rs. (7.43) crore versus Rs. (7.90) crore. PBIDT also declined to Rs. 10.74 crore from Rs. 13.02 crore, indicating margin pressure. The AGM notice includes items for adoption of financial statements, auditor fee ratifications, reappointment of a director, appointment of a new secretarial auditor (KUVS & Associates for 5 years), and seeking approval to accept fixed deposits from members.
For shareholders, the strong revenue growth is a positive sign, but persistent losses and shrinking PBIDT highlight ongoing profitability challenges that may keep the stock under pressure until margins recover. The proposal to accept fixed deposits from members and the new secretarial auditor appointment are routine governance items and not expected to materially impact share price.