Super Spinning Mills Limited has informed the Exchange about change in Management regarding re-appointment of Internal auditor for the financial year 2026-27

Revenue declinedNet loss reportedExceptional itemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹5.12

prior close

₹5.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%-0.5% vs market

Other Textile Products peers, median of 184sector+0.0%-0.6% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 184Pending

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AI summary

Super Spinning Mills Limited reported audited financial results for FY2026 with total revenue of Rs. 630.91 lakhs from continuing operations (rental services), down from Rs. 662.73 lakhs in FY2025. The company posted a net loss of Rs. 580.19 lakhs from continuing operations, improved from Rs. 1,640.08 lakhs loss in FY2025. The textile operations remain discontinued, contributing an additional loss of Rs. 620.78 lakhs. Statutory auditors CSK Prabhu and Co LLP issued an unmodified opinion. The Board re-appointed Mr. A Palaniappan as Internal Auditor for FY2026-27 and scheduled the 64th AGM for August 28, 2026. A significant contingency exists regarding power disputes with Southern Power Distribution Company Limited (SPDCL), which claims Rs. 8,324.06 lakhs in electricity arrears, while management estimates only Rs. 1,907.56 lakhs as payable.

Likely market impact

The company continues to incur losses despite improved performance. The undisclosed Rs. 6,416.50 lakh difference in power disputes represents a potential material liability. Shareholders should monitor the outcome of ongoing legal disputes with SPDCL and APGCL as it could significantly impact future financials.