SPINAROO COMMERCIAL LIMITED

Operates in the paper and paper products industry, with FY26 revenue from operations of ₹3,926.78 lakhs, essentially flat versus ₹3,931.47 lakhs the prior year. Raw materials form the dominant cost line at ₹34.43 crore, or 87.7% of revenue, while employee cost is ₹0.5209 crore (1.3%) and other operating costs are ₹3.8446 crore (9.8%). Management invested in a new printing machine during the year to expand production capacity and stated it is targeting higher value-added products. Profit after tax fell to ₹53.62 lakhs from ₹143.83 lakhs, attributed in the annual report to higher raw material costs and softer demand; operating cash flow was negative at ₹636.87 lakhs due to an inventory build-up of ₹485.73 lakhs and a ₹105.80 lakhs rise in trade receivables. The Board approved acquiring up to 15% of sister company Spino Poly Products Private Limited (later postponed) and increased authorised share capital from ₹7 crore to ₹9 crore.