Super Spinning Mills Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2026
SUPERSPIN · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.6 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Super Spinning Mills Limited reported FY26 audited results with standalone revenue of Rs. 630.91 lakhs from continuing operations (rental services), down 4.8% from Rs. 662.73 lakhs in FY25. The company posted a total net loss of Rs. 164.62 lakhs for FY26 (vs loss of Rs. 1,225.59 lakhs in FY25), helped by reduced losses in discontinued textile operations (Rs. 313.57 lakhs loss vs Rs. 1,398 lakhs prior year). Auditors issued an unmodified opinion. The company disclosed a major power dispute with Andhra Pradesh Gas Power Corporation and Southern Power Distribution Company, where Rs. 8,324.06 lakhs in arrears are claimed but management estimates only Rs. 1,907.56 lakhs as payable (provision of Rs. Nil this year vs Rs. 852.24 lakhs last year). The 64th AGM is scheduled for August 28, 2026. The company also entered a joint venture for commercial development of its Puliakulam land.
The revenue decline and ongoing losses reflect the company's challenging transition away from textile operations. The large undisclosed power dispute liability of Rs. 8,324 lakhs poses significant contingent risk. The unchanged auditor opinion provides some comfort on financial reporting quality.