64th Annual general meeting of the company is scheduled to be held on August 28th, 2026
SUPERSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Super Spinning Mills Limited reported FY2026 results with continuing operations (rental services) generating profit of Rs. 40.58 lakhs on total income of Rs. 682.04 lakhs. However, the discontinued textile operations incurred a loss of Rs. 313.57 lakhs, resulting in a total comprehensive loss of Rs. 580.19 lakhs for the year. The company has Rs. 8,324.06 lakhs in disputed electricity arrears with Southern Power Distribution Company (SPDCL), though management estimates only Rs. 1,907.56 lakhs as payable. A Joint Venture Agreement was entered with a commercial real estate developer for land at Puliakulam, Coimbatore. The 64th AGM is scheduled for August 28, 2026. Statutory auditors CSK Prabhu and Co LLP issued an unmodified opinion.
The company faces significant challenges with discontinued textile operations bleeding cash and a large disputed electricity claim. However, the rental income stream and investment property provide some stability. Shareholders should monitor the outcome of the Rs. 8,324 lakh power dispute and the land JV development.