Super Spinning Mills Limited has informed the Exchange that Register of Members & Share Transfer Books of the Company will remain closed from 04 September 2025 to 10 September 2025 for the purpose of Meeting.
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Super Spinning Mills reported audited results for the quarter and year ended 31 March 2025, with the auditor issuing an unmodified (clean) opinion. For FY25, continuing operations (now only rental services after discontinuing textiles) posted net sales of Rs. 662.73 lakhs and a profit before tax of Rs. 172.40 lakhs, an improvement from the prior year's loss of Rs. 7.02 lakhs. However, discontinued textile operations dragged the company to an overall net loss of Rs. 1,640.64 lakhs for the year, though this was narrower than the Rs. 2,089.45 lakhs loss in FY24. EPS stood at Rs. (2.98) and reserves fell sharply to Rs. 4,969.21 lakhs from Rs. 6,609.29 lakhs. The Board also appointed Mr. A Palaniappan as Internal Auditor for FY26, M/s. MOS & Associates LLP as Secretarial Auditors for five years, and re-appointed Mr. Sumanth Ramamurthi as Chairman and Managing Director for five years from 1 April 2026, all subject to shareholder approval. The 63rd AGM is scheduled for 10 September 2025 via video conferencing, with the register of members and share transfer books closed from 4 to 10 September 2025.
Shareholders should note that the company has effectively shut down its textile business and is now a pure rental/property play with modest but improving continuing profits, while large losses from discontinued operations and a pending electricity dispute of around Rs. 811 crores claimed by SPDCL remain key overhangs on the stock. The re-appointment of the promoter as CMD signals continuity of management, but the ongoing book closure means no trades in shares will be settled during 4-10 September 2025 ahead of the AGM.