Cut-off date for the AGM is fixed on Friday the 21st August 2026 to identify the shareholders eligible to vote at the AGM
SUPERSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Super Spinning Mills' Board approved audited FY2026 results showing total comprehensive loss of Rs. 580.19 lakhs, significantly improved from Rs. 1,640.08 lakhs loss in FY2025. Revenue from continuing operations (rental services) declined to Rs. 630.91 lakhs from Rs. 662.73 lakhs. The company disclosed a major power tariff dispute with Southern Power Distribution Company Limited (SPDCL) and Andhra Pradesh Gas Power Corporation Limited (APGCL) where Rs. 8,324.06 lakhs is claimed as arrears, but management has recognized only Rs. 1,907.56 lakhs based on available data. APGCL has suspended operations. The 64th AGM is scheduled for August 28, 2026 with August 21, 2026 as the cut-off date for eligible voters. The company also entered a joint venture agreement for land development at Puliakulam, Coimbatore. Additional depreciation of Rs. 139.42 lakhs was charged due to reassessment of asset useful lives.
The significant improvement in losses and clean audit opinion are positives, but the massive Rs. 6,416.50 lakh gap between SPDCL's claim and company's provision creates substantial contingent liability risk. The textile business shutdown continues to weigh on financials.