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Katare Spinning Mills Ltd (502933)

📊 BSE: 502933 🏢 Other Textile Products 📢 Latest filing: 31 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Katare Spinning's revenue was ₹0.7 Cr (+9.4% year on year, -24.1% on the previous quarter), and net profit ₹-0.2 Cr (a smaller loss than a year earlier); the operating margin was -23.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.7	+9.4%	-24.1%
Operating profit	₹-0.2	to loss	loss narrowed
Net profit	₹-0.2	loss narrowed	loss narrowed
EPS (₹)	-0.80	loss narrowed	loss narrowed
Operating margin	-23.8%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Katare Spinning Mills Submits FY26 Annual Report; AGM Scheduled for September 26, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 07:41 PM

Katare Spinning Mills Limited has submitted its 46th Annual Report for FY 2025-26 under Regulation 34 of SEBI LODR Regulations. For FY26, the company reported revenue from operations of Rs 3.63 crore (Rs 36,303 thousand) compared to Rs 5.36 crore in FY25, alongside a widened net loss of Rs 2.16 crore (Rs 21,643 thousand) versus Rs 1.73 crore in FY25. Operating cash flows remained negative at -Rs 0.18 crore (-Rs 1,831 thousand). The 46th Annual General Meeting is scheduled for September 26, 2026, with remote e-voting open from September 23 to September 25, 2026.

46th Annual General Meeting convened for Saturday, 26th September, 2026 at 11:00 AM IST
Remote e-voting period runs from 23rd September 2026 (9:00 AM) to 25th September 2026 (5:00 PM)
FY26 revenue from operations stood at Rs 36,303 thousand (~Rs 3.63 cr) vs Rs 53,642 thousand in FY25
Net loss for FY26 expanded to Rs 21,643 thousand (~Rs 2.16 cr) compared to Rs 17,304 thousand in FY25
Net cash flow used in operating activities stood at -Rs 1,831 thousand for FY26

💡 Track voting outcomes and shareholder discussions at the AGM on September 26, 2026, alongside Q2 FY27 earnings for operational turnaround signs.

Katare Spinning Mills Sets 46th AGM on Sept 26, 2026; Book Closure Sept 19-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 07:28 PM

Katare Spinning Mills has announced that its 46th Annual General Meeting (AGM) will be held on Saturday, September 26, 2026. The Register of Members and Share Transfer Books will be closed from September 19, 2026, to September 26, 2026 (both days inclusive). The cut-off date for determining member eligibility for e-voting has been fixed for Friday, September 18, 2026. Remote e-voting will commence on September 23, 2026 (9:00 AM) and end on September 25, 2026 (5:00 PM).

46th Annual General Meeting scheduled for Saturday, September 26, 2026
Book closure period fixed from September 19, 2026, to September 26, 2026
Cut-off date for e-voting eligibility set as Friday, September 18, 2026
Remote e-voting window open from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)

💡 Shareholders holding shares on the September 18, 2026 cut-off date are eligible to vote electronically on AGM agenda items between September 23 and September 25, 2026.

Katare Spinning Mills Convenes 46th AGM on Sept 26, 2026; Seeks MD Continuation Past Age 70

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 07:10 PM

Katare Spinning Mills has issued the notice for its 46th Annual General Meeting scheduled for Saturday, September 26, 2026. Key agenda items include standard annual adoptions and a special resolution seeking member approval for the continuation of Mr. Kishore T. Katare as Chairman and Managing Director past the age of 70 (tenure up to June 30, 2028, without remuneration). The filing also notes FY26 revenue of Rs 3.63 crore (down from Rs 5.36 crore in FY25) alongside an increased net loss of Rs 2.16 crore compared to Rs 1.73 crore in the prior year.

46th AGM scheduled for Saturday, September 26, 2026, at 11:00 AM IST in Solapur
Remote e-voting window open from September 23, 2026 (9:00 am) to September 25, 2026 (5:00 pm) with a cut-off date of September 18, 2026
Special resolution proposed for continuation of Mr. Kishore T. Katare (aged 70) as MD through June 30, 2028, drawing nil remuneration
FY26 reported revenue from operations stood at Rs 36,303 thousand (Rs ~3.63 Cr) with a net loss of Rs 21,643 thousand (Rs ~2.16 Cr)

💡 Eligible shareholders may cast their votes during the e-voting period (Sept 23–25, 2026) ahead of the September 18, 2026 cut-off date and monitor AGM voting results.

Katare Spinning Appoints New Statutory Auditor, Proposes Diversification into BESS

🔵 WATCH ⭐ 5/10

EXPANSION 📅 21 Aug 2026, 06:25 PM

Katare Spinning Mills' Board has approved the appointment of M/s. Hiremath Patil Udgiri and Associates as statutory auditors to fill a casual vacancy and for a 5-year term (2026 to 2031), subject to shareholder approval. Additionally, the Board proposed altering the Memorandum of Association (MOA) to diversify into Battery Energy Storage Systems (BESS) and related clean energy solutions. The company currently operates in textiles with a TTM revenue of Rs 3 Cr and TTM losses of Rs 2 Cr.

Appointed M/s. Hiremath Patil Udgiri and Associates as statutory auditors for a 5-year term spanning the 46th AGM (2026) to the 51st AGM (2031).
Casual vacancy was caused by the resignation of M/s. G M Pawle and Associates on 13th August, 2026.
Proposed MOA alteration to enter manufacturing, assembly, and EPC of Battery Energy Storage Systems (BESS) and micro-grids.
Both proposals are subject to shareholder approval at the upcoming Annual General Meeting.

💡 Track voting outcomes at the upcoming AGM for the MOA amendment and subsequent concrete capex or commercial partnership announcements regarding BESS entry.

Katare Spinning Proposes Entry into BESS Sector; Appoints New Statutory Auditor

🔵 WATCH ⭐ 5/10

EXPANSION 📅 21 Aug 2026, 06:15 PM

Katare Spinning Mills' Board approved an alteration of its Memorandum of Association (MOA) to add Battery Energy Storage Systems (BESS) and related energy storage solutions to its main objects clause. The loss-making textile company (TTM revenue of ₹3 Cr, TTM net loss of ₹2 Cr) intends to pivot into BESS manufacturing, system integration, EPC, and micro-grid solutions. Additionally, the Board appointed M/s. Hiremath Patil Udgiri and Associates as Statutory Auditors to fill a casual vacancy and for a subsequent 5-year term from the 46th AGM (2026) to the 51st AGM (2031). Both proposals are subject to shareholder approval at the upcoming AGM.

Proposed addition of Battery Energy Storage Systems (BESS) and energy storage solutions to the MOA main objects clause
Appointed M/s. Hiremath Patil Udgiri and Associates as Statutory Auditors for a 5-year term (2026 to 2031)
Auditor appointment fills casual vacancy following the resignation of M/s. G M Pawle and Associates on 13th August 2026
Pivoting intent comes as the core textile business generated ₹2.79 Cr in FY26 revenue with a net loss of ₹2.16 Cr

💡 Track the shareholder vote outcome at the 46th AGM and monitor future filings for concrete capex plans, technology partnerships, or commercial order wins in the BESS domain.

Resignation of Statutory Auditor M/s. G M Pawle and Associates Effective Aug 12, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Aug 2026, 08:08 PM

Katare Spinning Mills has announced the resignation of its Statutory Auditor, M/s. G M Pawle and Associates, effective August 12, 2026. The resignation is attributed to the auditor's proprietary firm merging into a partnership firm named M/s. PMWC And Associates. The outgoing auditor confirmed there are no material concerns or adverse remarks regarding the company. This administrative change occurs as the company reports a TTM revenue of Rs 3 Cr and a net loss of Rs 2 Cr.

Statutory Auditor resigned effective August 12, 2026, after being appointed on September 29, 2022
Reason for resignation is the merger of the proprietary firm into a partnership firm, M/s. PMWC And Associates
Company reported TTM revenue of Rs 3 Cr against a net worth of Rs 114 Cr
Auditor confirmed no other material reasons or circumstances for the resignation
TTM PAT remains negative at Rs -2 Cr with an OPM of -26.9%

💡 Watch for the formal appointment of the successor auditor and ensure the transition does not delay the filing of upcoming quarterly results, given the company's current financial stress.

Katare Spinning Mills Q1 FY27: Net Loss Narrows to ₹22.80 Lakhs on ₹74.39 Lakhs Revenue

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 11 Aug 2026, 06:10 PM

Katare Spinning Mills reported a marginal 9.6% YoY increase in operational revenue to ₹74.39 Lakhs for Q1 FY27. The company remains loss-making, although the net loss narrowed slightly to ₹22.80 Lakhs from ₹26.34 Lakhs in the previous year's corresponding quarter. A critical concern is the sharp decline in cash and cash equivalents, which fell to just ₹0.47 Lakhs from ₹8.00 Lakhs at the start of the fiscal year. The cotton yarn segment continues to drag performance with a loss of ₹27.93 Lakhs, while the solar power segment provided a small profit of ₹5.40 Lakhs.

Operational revenue increased to ₹74.39 Lakhs from ₹67.85 Lakhs YoY
Net loss for the quarter stood at ₹22.80 Lakhs compared to a loss of ₹26.34 Lakhs YoY
Cotton yarn segment reported a loss of ₹27.93 Lakhs on revenue of ₹52.83 Lakhs
Solar power segment generated a profit of ₹5.40 Lakhs on revenue of ₹21.56 Lakhs
Cash and cash equivalents depleted by 94% to ₹0.47 Lakhs as of June 30, 2026

💡 Investors should monitor the company's liquidity position, as cash reserves have dropped below ₹1 Lakh, and observe if the profitable solar segment can scale enough to offset persistent textile losses.

Aug 11 Board Meeting Scheduled to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 05 Aug 2026, 12:40 PM

Katare Spinning Mills has scheduled a board meeting for August 11, 2026, to consider and approve its un-audited standalone financial results for the quarter ended June 30, 2026. The company is currently a micro-cap with a market capitalization of ₹28 Cr and is facing significant financial headwinds, including a TTM loss of ₹2 Cr. Revenue has been declining, falling from ₹5.11 Cr in FY25 to ₹2.79 Cr in FY26. The trading window for insiders is closed from August 5 to August 12, 2026.

Board meeting scheduled for August 11, 2026, at 04:00 p.m. in Solapur
Results to be reviewed for the quarter ended June 30, 2026
Trading window closure effective from August 5, 2026, to August 12, 2026
Company reported a TTM revenue of only ₹3 Cr against a net worth of ₹114 Cr

💡 Monitor the Q1 FY27 results on August 11 for any signs of revenue stabilization or improvement in the operating margin, which currently stands at -26.9%.

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