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Latest filing: 2026-08-06 13:58
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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16 announcements match the current filters (relevance ≥ 5).
Rs 0.56 Cr Net Profit in Q1 FY27; SUPERSPIN Returns to Profitability via Rental Model
Super Spinning Mills reported a turnaround in Q1 FY27 with a total comprehensive income of Rs 0.56 Cr, compared to a net loss of Rs 7.13 Cr in the preceding quarter. The company has effectively transitioned to a rental-led model, with Rental Services contributing Rs 1.50 Cr to revenue at a segment profit margin of 54.9%. Discontinued textile operations incurred a minimal loss of Rs 0.058 Cr, indicating the legacy business drag is diminishing. A significant Joint Venture for land development in Coimbatore remains in the early stages with no financial impact recognized this quarter.
Confidence: HIGH
What changedThe company has successfully pivoted from a loss-making textile manufacturer to a profitable real estate rental entity, reporting its first quarterly profit in recent periods.
Why it mattersFor a micro-cap company with a Rs 36 Cr market cap, achieving profitability and reducing finance costs is vital for debt sustainability. The transition to a high-margin rental model (55% segment margin) provides more predictable cash flows than the volatile textile business.
Net Profit (Q1 FY27): Rs 0.56 CrRental Revenue: Rs 1.50 CrRental Segment Profit Margin: 54.9%Finance Costs: Rs 0.26 CrMarket Cap: Rs 36 Cr
📅 Short termThe return to profitability and the narrowing of losses from discontinued operations are likely to be viewed positively by the market in the coming weeks.
📈 Long termThe long-term outlook depends on the successful monetization of the Coimbatore land through the new Joint Venture and the company's ability to scale its real estate portfolio.
⚠ Risk flags
- Concentration risk with high dependence on a single rental asset (Elgi Towers)
- Execution risk related to the unregistered Joint Venture agreement
- Residual liabilities from discontinued textile operations
Key Highlights
Reported a Net Profit of Rs 0.56 Cr in Q1 FY27 vs a loss of Rs 7.13 Cr in Q4 FY26.
Rental Services revenue stood at Rs 1.50 Cr, maintaining stability compared to Rs 1.50 Cr in the same quarter last year.
Finance costs decreased to Rs 0.26 Cr from Rs 0.37 Cr in the sequential quarter.
Segment profit from Rental Services reached Rs 0.82 Cr on a revenue of Rs 1.50 Cr.
Total assets for the continuing Rental segment are valued at Rs 89.74 Cr against a market cap of Rs 36 Cr.
👀 What to Watch
Investors should monitor the execution timeline of the Joint Venture for the Puliakulam land development, as this is the primary catalyst for future value unlocking. Additionally, track the occupancy levels at 'Elgi Towers' to ensure the stability of the core rental income stream.
Super Spinning Mills Q1 FY27: Net Profit Turns Positive at ₹0.56 Cr as Rental Model Stabilizes
Super Spinning Mills reported a net profit of ₹0.56 Cr for the quarter ended June 30, 2026, a significant turnaround from the marginal loss of ₹0.01 Cr in the same period last year. The company has successfully transitioned to a pure-play rental model, with rental income contributing ₹1.50 Cr to revenue. Finance costs have decreased by 31.6% YoY to ₹0.26 Cr, reflecting ongoing debt reduction efforts. A key future catalyst is the Joint Venture for land development in Coimbatore, which remains in the pre-construction phase with no financial impact recorded this quarter.
Confidence: HIGH
What changedThe company has completed its transition from a loss-making textile manufacturer to a profitable real estate rental entity, reporting its first significant quarterly profit in recent periods.
Why it mattersThe shift to a high-margin rental model provides predictable cash flows to service the ₹15 Cr debt and supports the valuation of the company's ₹89.78 Cr asset base.
Net Profit (Q1 FY27): ₹0.56 CrRental Revenue: ₹1.50 CrFinance Costs: ₹0.26 CrQ1 Revenue vs TTM Revenue: 25%Total Assets: ₹89.78 Cr
📅 Short termThe stock may see positive sentiment due to the return to profitability and the reduction in finance costs, though absolute profit remains small.
📈 Long termStructural significance depends on the successful monetization of the Coimbatore land through the new Joint Venture, which could significantly expand the rental portfolio.
⚠ Risk flags
- High concentration risk with reliance on a single primary asset (Elgi Towers)
- Residual liabilities from discontinued textile operations
- Execution risk in the new real estate Joint Venture
Key Highlights
Net Profit turned positive at ₹0.56 Cr for Q1 FY27 vs a loss of ₹0.01 Cr in Q1 FY26.
Rental segment revenue stood at ₹1.50 Cr, maintaining stability compared to ₹1.50 Cr in the previous year.
Finance costs reduced to ₹0.26 Cr from ₹0.38 Cr YoY, aiding bottom-line recovery.
Segment profit from rental services reached ₹0.82 Cr, representing a healthy operating margin for the core business.
Total assets for the continuing rental operations are valued at ₹89.74 Cr.
👀 What to Watch
Investors should monitor the execution timeline of the Joint Venture for the Puliakulam land development, as the commencement of construction and subsequent leasing will be the primary driver for future revenue growth.
Super Spinning Mills Reports FY26 Results; Discloses ₹83.24 Crore Power Bill Dispute
Super Spinning Mills Limited has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. A major point of concern is a long-standing power dispute involving ₹83.24 crore in arrears claimed by SPDCL, which includes ₹48.21 crore in surcharges. While the company estimates its actual liability at ₹19.08 crore, it notably made zero additional provisions for this dispute in the current financial year. The company has scheduled its 64th Annual General Meeting for August 28, 2026.
Key Highlights
Audited financial results for FY26 approved with an unmodified audit opinion from CSK Prabhu and Co LLP.
Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 lakhs.
Management estimated electricity payables at ₹1,907.56 lakhs but provided ₹0 in FY26 compared to ₹852.24 lakhs in the previous year.
64th Annual General Meeting (AGM) scheduled for August 28, 2026, with a voting cut-off date of August 21, 2026.
Appointment of Mr. A Palaniappan as Internal Auditor for the 2026-27 financial year.
👀 What to Watch
Investors should closely monitor the legal developments regarding the ₹83.24 crore power dispute, as a negative outcome could severely impact the company's balance sheet. Assess the full annual report to understand the extent of the net loss and the company's ability to manage these contingent liabilities.
Super Spinning Mills Reports FY26 Results; Discloses ₹83.24 Crore Power Dispute Arrears
Super Spinning Mills Limited has approved its audited financial results for the fiscal year ended March 31, 2026, reporting a net loss for the period. A major concern for investors is a long-standing power dispute with SPDCL involving arrears of ₹8,324.06 lakhs, which includes ₹4,821.02 lakhs in surcharges. The company has only provided for ₹1,907.56 lakhs in its books, based on management estimates, with no additional provision made during FY26. Additionally, the board has appointed a new internal auditor and scheduled the 64th AGM for August 28, 2026.
Key Highlights
Audited financial results for FY26 approved with an unmodified auditor's opinion despite reporting a net loss.
Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 lakhs (₹83.24 Cr).
Management has provided for only ₹1,907.56 lakhs against the dispute, with ₹Nil provision added in FY26.
Mr. A Palaniappan appointed as Internal Auditor for the financial year 2026-27.
64th Annual General Meeting scheduled for August 28, 2026, with book closure from August 22-28.
👀 What to Watch
Investors should exercise caution and monitor the legal developments regarding the ₹83.24 crore power dispute, as any adverse ruling could significantly impact the balance sheet. The company's persistent net loss and high contingent liabilities warrant a wait-and-watch approach.
Super Spinning Mills FY26 Results: 64th AGM on Aug 28 & ₹83.24 Cr Power Dispute Disclosed
Super Spinning Mills Limited has approved its audited financial results for the year ended March 31, 2026, with auditors issuing an unmodified opinion. The company has scheduled its 64th Annual General Meeting for August 28, 2026, with a share transfer book closure starting August 22. A major highlight is a long-standing power dispute involving ₹83.24 crore in arrears claimed by SPDCL, against which the company has estimated only ₹19.08 crore as payable. The board also appointed Mr. A Palaniappan as the Internal Auditor for FY 2026-27.
Key Highlights
64th Annual General Meeting scheduled for August 28, 2026, via Video Conferencing.
Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 Lakhs (approx. ₹83.24 crore).
Management estimated electricity payables at ₹1,907.56 Lakhs, making no additional provision this year versus ₹852.24 Lakhs last year.
Statutory auditors C S K Prabhu and Co LLP issued an unmodified opinion on the FY26 financial results.
Mr. A Palaniappan appointed as Internal Auditor for the financial year 2026-27.
👀 What to Watch
Investors should closely monitor the resolution of the ₹83.24 crore power dispute as it represents a substantial contingent liability. Review the detailed annual report to assess the impact of the reported net loss on the company's equity and liquidity.
Super Spinning Mills FY26 Results: Appoints Internal Auditor & Discloses ₹83.24 Cr Power Dispute
Super Spinning Mills has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. The board appointed Mr. A Palaniappan as the Internal Auditor for FY 2026-27 and scheduled the 64th AGM for August 28, 2026. A critical disclosure was made regarding a long-standing power dispute involving ₹8,324.06 Lakhs in arrears claimed by SPDCL. While the company has estimated its liability at ₹1,907.56 Lakhs, it notably made zero additional provisions for this in the current financial year.
Key Highlights
Audited FY26 financial results approved with an unmodified auditor's opinion.
Appointment of Mr. A Palaniappan as Internal Auditor for the 2026-27 financial year.
Significant power dispute disclosed involving ₹8,324.06 Lakhs in arrears, including ₹4,821.02 Lakhs in surcharges.
Management estimated electricity payables at ₹1,907.56 Lakhs but provided ₹0 in FY26 vs ₹852.24 Lakhs in FY25.
64th Annual General Meeting set for August 28, 2026, with a book closure starting August 22, 2026.
👀 What to Watch
Investors should exercise caution and monitor the legal developments regarding the ₹83.24 Crore power dispute, as any adverse ruling could lead to a significant cash outflow. Review the full balance sheet to evaluate if the company has sufficient liquidity to handle potential liabilities not currently provided for.
Super Spinning Mills Reports FY26 Results; Flags ₹83.24 Cr Power Dispute Arrears
Super Spinning Mills Limited has approved its audited financial results for the year ended March 31, 2026, which indicate a net loss for the period. A major concern for investors is a long-standing power dispute with SPDCL involving arrears of ₹8,324.06 lakhs, including a significant surcharge of ₹4,821.02 lakhs. While management has estimated a liability of ₹1,907.56 lakhs, they opted for zero additional provisioning in the current financial year. The company has also appointed a new Internal Auditor and scheduled its 64th AGM for August 28, 2026.
Key Highlights
Audited FY26 financial results approved with an unmodified auditor's opinion.
Outstanding power dispute arrears total ₹8,324.06 lakhs, comprising ₹3,503.04 lakhs in consumption charges and ₹4,821.02 lakhs in surcharges.
Management provided ₹0 in FY26 against the dispute, despite an estimated payable of ₹1,907.56 lakhs.
Mr. A Palaniappan appointed as Internal Auditor for the 2026-27 financial year.
64th Annual General Meeting (AGM) to be held on August 28, 2026, with a book closure starting August 22.
👀 What to Watch
Investors should exercise caution due to the significant unprovided power dispute liability which could impact future profitability. Monitor the outcome of the legal proceedings regarding the ₹83.24 crore claim from SPDCL.
Super Spinning Mills Shareholders Approve Sale and Joint Development of Real Estate Assets
Super Spinning Mills Limited has received shareholder approval via a special resolution to sell, lease, or enter into joint development for its immovable properties. The primary asset involved is the Super B Unit-Quarters Premises located in Kotnur Village, Andhra Pradesh. The resolution passed with near-unanimous support, including 99.94% of public shareholder votes. This strategic move enables the company to monetize its land and building assets to potentially improve its financial position.
Key Highlights
Shareholders approved the sale or joint development of the Super B Unit-Quarters Premises in Andhra Pradesh.
The special resolution received 2,32,87,228 votes in favor, representing 100% of valid votes cast.
Public shareholder participation showed 3,11,034 votes in favor and only 172 votes against.
The approval was granted under Section 180(1)(a) of the Companies Act, 2013, regarding the disposal of company undertakings.
👀 What to Watch
Watch for further announcements regarding the specific deal terms and the intended use of the proceeds from this asset monetization. This move is likely to strengthen the company's balance sheet or fund future operational needs.
Super Spinning Mills Shareholders Approve Sale or Joint Development of Property Assets
Super Spinning Mills Limited has received shareholder approval to sell, lease, or enter into joint development for specific immovable properties. The special resolution, passed via postal ballot, received 100% support from voting shareholders with 2,32,87,228 votes in favor. The assets include the Super B Unit-Quarters Premises located in Andhra Pradesh. This approval allows the company to monetize non-core assets or seek value-adding partnerships for its land and buildings.
Key Highlights
Special resolution passed with 100% of valid votes (2,32,87,228 shares) in favor.
Public shareholders supported the move with 99.94% (3,11,034 votes) in favor.
The approval covers the sale or joint development of the Super B Unit-Quarters Premises in Andhra Pradesh.
The move is conducted under Section 180(1)(a) of the Companies Act, 2013, regarding the disposal of undertakings.
👀 What to Watch
Investors should monitor the company's next steps regarding the specific terms of the sale or development agreement. The proceeds could significantly improve the company's liquidity or debt profile.
Super Spinning Mills Q3 Net Profit Jumps to ₹1.13 Cr vs ₹0.11 Cr YoY
Super Spinning Mills reported a significant turnaround in Q3 FY26, with a total net profit of ₹112.63 lakhs compared to ₹10.76 lakhs in the same quarter last year. The company's continuing operations, primarily rental services, generated a steady income of ₹168.38 lakhs, while losses from discontinued textile operations narrowed significantly to ₹3.51 lakhs. A key driver for the bottom line was a combined exceptional gain of ₹121.77 lakhs. The 9-month performance also turned positive with a profit of ₹133.18 lakhs against a loss of ₹35.51 lakhs in the previous year.
Key Highlights
Total Net Profit for Q3 FY26 stood at ₹112.63 lakhs vs ₹10.76 lakhs YoY.
Revenue from continuing operations (Rental Services) remained stable at ₹157.97 lakhs.
Losses from discontinued textile operations reduced to ₹3.51 lakhs from ₹25.58 lakhs YoY.
Exceptional items contributed a net gain of ₹121.77 lakhs to the pre-tax profit in the current quarter.
9-month FY26 profit reached ₹133.18 lakhs, reversing a loss of ₹35.51 lakhs in 9M FY25.
👀 What to Watch
The company has successfully pivoted from textiles to rental services, leading to a return to profitability. Investors should monitor the sustainability of rental income and the final settlement of liabilities related to discontinued operations.
Super Spinning Mills Q3 Net Profit Jumps to ₹112.63 Lakhs Driven by Exceptional Gains
Super Spinning Mills reported a net profit of ₹112.63 lakhs for Q3 FY26, a sharp rise from ₹10.76 lakhs in Q3 FY25. This performance was heavily influenced by exceptional gains amounting to ₹121.77 lakhs across continuing and discontinued operations. Revenue from continuing operations, which now consists solely of rental services, remained stagnant at ₹157.97 lakhs. The company continues to manage the fallout of its discontinued textile operations, which saw a reduced loss of ₹3.51 lakhs this quarter.
Key Highlights
Net Profit surged to ₹112.63 lakhs in Q3 FY26 from ₹10.76 lakhs in Q3 FY25.
Revenue from Rental Services (Continuing Operations) was ₹157.97 lakhs, showing zero growth YoY.
Exceptional items contributed ₹121.77 lakhs to the total profit before tax.
Finance costs for continuing operations decreased to ₹28.36 lakhs from ₹41.08 lakhs YoY.
Basic and Diluted EPS rose to ₹0.20 compared to ₹0.02 in the previous year's quarter.
👀 What to Watch
The profit growth is non-operational and driven by one-time gains; hence, investors should remain cautious. Focus on the stability of the rental services segment as the primary revenue driver following the textile business exit.
Super Spinning Mills to Sell 15.30 Acres Land to Reduce Debt
Super Spinning Mills Limited has initiated a postal ballot to seek shareholder approval for the sale or joint development of 15.30 acres of land and buildings in Andhra Pradesh. This strategic move is intended to restructure business operations and significantly reduce the company's long-term and short-term debt obligations. The asset, located at the SUPER B UNIT in Hindupur, is classified as a substantial undertaking, requiring a special resolution. The e-voting process for this proposal will conclude on March 7, 2026.
Key Highlights
Proposed disposal or joint development of 15.30 acres of land and buildings in Sri Sathya Sai District, Andhra Pradesh.
Sale proceeds are earmarked for the repayment of existing long-term and short-term debts.
The transaction will be conducted with non-related parties at a price not less than the prevailing market rate.
E-voting period is set from February 6, 2026, to March 7, 2026, with results expected within two working days.
Approval requires a special resolution where votes by public shareholders in favor must exceed those against.
👀 What to Watch
Investors should view this as a positive step toward deleveraging the balance sheet and improving financial stability. Monitor the voting results on March 7 to confirm if the company can proceed with the asset monetization.
Super Spinning Mills to Sell or Develop Land Worth 33.5% of Company Net Worth
Super Spinning Mills has approved the sale, disposal, or joint development of its 'SUPER B UNIT' quarters premises located in Andhra Pradesh. The asset is significant, representing 33.54% of the company's net worth (Rs. 1851.30 lakhs), despite contributing only 1.41% (Rs. 9.37 lakhs) to total revenue. The company will seek shareholder approval via a special resolution through a postal ballot for this transaction. This move is aimed at monetizing underutilized assets to potentially improve the company's financial position.
Key Highlights
Board approved the disposal or joint development of land and buildings at SUPER B UNIT in Andhra Pradesh.
The asset accounts for 33.54% of the company's net worth, valued at approximately Rs. 1851.30 lakhs.
The unit's revenue contribution was minimal at just 1.41% (Rs. 9.37 lakhs) during the last financial year.
Transaction will be conducted with unrelated parties at prices not less than prevailing market rates.
Shareholder approval will be sought through a Postal Ballot process as per regulatory requirements.
👀 What to Watch
Investors should view this as a positive step toward unlocking value from non-core assets. Monitor the final sale consideration and management's plan for utilizing the cash proceeds, such as debt reduction or reinvestment.
Super Spinning Mills to Monetize Land Asset Valued at Rs 18.51 Cr (33.5% of Net Worth)
Super Spinning Mills has received board approval to sell, dispose of, or enter into a joint development agreement for its land and buildings at the SUPER B UNIT in Andhra Pradesh. The asset is significant, representing 33.54% of the company's net worth (Rs 1851.30 lakhs), although it generates negligible revenue of just Rs 9.37 lakhs (1.41% of total). The company will seek shareholder approval via a postal ballot for this transaction, which aims to monetize non-core assets to unrelated parties.
Key Highlights
Board approved the disposal or joint development of land and buildings at SUPER B UNIT, Andhra Pradesh.
The undertaking's net worth is valued at Rs 1,851.30 lakhs, accounting for 33.54% of the company's total net worth.
Revenue contribution from the unit was only Rs 9.37 lakhs (1.41% of total) in the last financial year.
The transaction is subject to shareholder approval via Special Resolution through a Postal Ballot process.
The company intends to sell to unrelated parties at prices not less than prevailing market rates.
👀 What to Watch
Investors should view this as a positive move to unlock value from underutilized assets, which could improve the company's balance sheet. Monitor the final sale price and how the management intends to deploy the proceeds.
Super Spinning Mills Signs JDA for Commercial Development; to Get 17.5% Area Share
Super Spinning Mills has entered into a Joint Development Agreement (JDA) with Srivari Commercial Spaces LLP to develop its 'Elgi Towers' property in Coimbatore. The project involves 87.98 cents of land which will be developed into a commercial space with related amenities. Under the terms, the company will receive a 17.50% share of the total constructed area, while the developer will bear all costs related to approvals and construction. This move allows the company to monetize its land assets without incurring capital expenditure or development risk.
Key Highlights
Joint Development Agreement for 87.98 cents of land at Elgi Towers, Coimbatore.
Super Spinning Mills to receive a 17.50% share of the total constructed commercial area.
Developer to bear 100% of the costs for approvals, construction, and maintenance.
Company received a refundable advance of ₹11 lakhs as part of its share of the agreement.
The developer, Srivari Commercial Spaces LLP, will retain a 60% share in the constructed area.
👀 What to Watch
This is a positive asset monetization strategy that unlocks value from real estate without adding debt. Investors should monitor the project's execution timeline and the eventual rental or sale value of the company's 17.5% share.
Super Spinning Mills Signs JDA for Commercial Development; to Retain 17.5% Share
Super Spinning Mills has executed a Joint Development Agreement (JDA) with Srivari Commercial Spaces LLP for its 87.98-cent 'Elgi Towers' property in Coimbatore. The company will receive a 17.50% share of the constructed commercial area, while the developer will bear all construction and maintenance costs. This follows a shareholder resolution from July 2025 to monetize the land. The developer has paid a refundable advance of ₹11 lakhs to the company as part of the deal.
Key Highlights
JDA signed for commercial development of 87.98 cents of land at Elgi Towers, Coimbatore.
Super Spinning Mills to receive 17.50% of the constructed area; Developer takes 60%.
Developer Srivari Commercial Spaces LLP to bear 100% of construction and maintenance costs.
Company received a refundable advance of ₹11 lakhs as part of the agreement.
The transaction is not a related party transaction and follows previous shareholder approval.
👀 What to Watch
This is a value-unlocking move for the company's real estate assets without incurring capital expenditure. Investors should monitor the development timeline to estimate future cash flows from the 17.5% share of the commercial space.
