Super Spinning Mills Limited has informed the Exchange about General Updates on cut off date for AGM
SUPERSPIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Super Spinning Mills reported audited FY2026 results with total comprehensive income of Rs. (580.19) lakhs loss, significantly improved from previous year's loss of Rs. (1,640.08) lakhs. Revenue from continuing operations (rental services) declined to Rs. 630.91 lakhs from Rs. 662.73 lakhs. The company has discontinued textile operations and faces ongoing power disputes with Southern Power Distribution Company Limited (SPDCL) claiming Rs. 8,324.06 lakhs in arrears, while management estimates Rs. 1,907.56 lakhs as payable. The company entered a joint venture agreement for land development at Puliakulam, Coimbatore. Statutory auditors C S K Prabhu and Co LLP issued an unmodified opinion. The 64th AGM is scheduled for August 28, 2026 with August 21, 2026 as the cut-off date for eligible e-voters.
The company shows improvement in reducing losses year-over-year, but faces significant contingent liabilities from power disputes and declining rental revenue. The joint venture for land development may provide future value but requires monitoring.