Outcome of Board Meeting held on 25th May, 2026
SURYALAXMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Suryalakshmi Cotton Mills Ltd approved the audited financial results for Q4 and FY ended March 31, 2026 with an unmodified audit opinion. Revenue from operations stood at Rs. 79,471.80 lakhs (vs Rs. 79,176.46 lakhs in FY 2024-25), showing marginal growth. Profit before tax declined to Rs. 482.45 lakhs from Rs. 552.24 lakhs in the previous year. The Board did not recommend any dividend on equity shares and approved waiver of preference dividends. Exceptional items included Rs. 483.87 lakhs interest income from customs refund and Rs. 457.70 lakhs write-off of insurance claim receivable. Sri Dhruv Vijai Singh stepped down as Independent Director upon completion of his term, and Sri Venkata Phani Kiran Kumar Immanent was appointed as an Additional Independent Director for 5 years. The Board also approved redemption of 2,00,000 preference shares worth Rs. 2 crores and extension of redemption period for another 5,00,000 preference shares to August 2029.
The company reported a clean audit with unmodified opinion, but profitability declined year-on-year. No dividend for shareholders and preference share redemptions indicate cash conservation. The modest revenue growth and declining profits may concern investors, though strong operating cash flow of Rs. 6,168.47 lakhs provides some comfort.