Suryavanshi Spinning Mills Ltd (514140)

Suryavanshi Spinning Mills has issued the notice for its 47th Annual General Meeting (AGM) scheduled for September 30, 2026. The company announced book closure from September 19 to September 30, 2026. Key agenda items include the re-appointment of Managing Director Rajender Kumar Agarwal and shareholder approval for related-party transaction limits totaling ₹70 Cr for FY2026-27 (notably ₹50 Cr with Rishikesh Yarns), which is substantial compared to its TTM revenue of ₹8 Cr.

• 47th Annual General Meeting scheduled for September 30, 2026 at Secunderabad
• Register of members and share transfer books closed from September 19, 2026 to September 30, 2026
• Seeking shareholder approval for ₹50 Cr in related-party transactions with Rishikesh Yarns
• Seeking approvals for ₹5 Cr each in transactions with 4 other related entities (total ₹70 Cr RPT limit)
• Managing Director Rajender Kumar Agarwal, holding 20,79,253 shares, up for re-appointment by rotation

Suryavanshi Spinning Mills has scheduled its 47th Annual General Meeting (AGM) for September 30, 2026. Key special business includes seeking shareholder approval for related party transactions (RPTs) totaling ₹70 Cr for FY 2026-27 with promoter-related entities, notably ₹50 Cr with Rishikesh Yarns. This authorization limit is substantial relative to the company's TTM revenue of ₹8 Cr. Ordinary business includes the adoption of FY26 financial statements and the re-appointment of Managing Director Rajender Kumar Agarwal.

• 47th AGM scheduled for September 30, 2026, at Secunderabad, Telangana
• Shareholder approval sought for ₹50 Cr RPT with Rishikesh Yarns for FY 2026-27
• Total RPT approvals sought across five related entities amount to ₹70 Cr
• Register of members and share transfer books closed from September 19 to September 30, 2026
• Managing Director Rajender Kumar Agarwal holds 20,79,253 shares and seeks reappointment by rotation

Suryavanshi Spinning Mills Ltd has submitted its 47th Annual Report for FY2025-26 along with the Notice of Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 30, 2026, at Secunderabad. Key agenda items include adoption of FY26 financial statements, reappointment of Managing Director Rajender Kumar Agarwal retiring by rotation, and approval of related party transactions exceeding 10% turnover thresholds for FY27.

• 47th Annual General Meeting convened for September 30, 2026 at 09:30 AM in Secunderabad
• Special business includes approval for Related Party Transactions exceeding 10% of turnover for FY2026-27
• Appointment of Ms. Pratyansha Pandey as Company Secretary w.e.f. August 12, 2026 following the resignation of Mr. Rishabh Jain
• Company reported FY26 revenue of Rs 6.92 Cr with net profit of Rs 1.32 Cr

Suryavanshi Spinning Mills reported Q1 FY27 revenue of ₹2.17 crore, a 92% increase from ₹1.13 crore in the year-ago period. Despite the top-line growth, net profit remained flat at ₹0.18 crore due to losses from discontinued operations (₹0.16 crore) and increased operational expenses. The company's financial position remains critical with accumulated losses of ₹24.64 crore and a negative net worth, though it continues as a 'going concern' based on immovable property values. Additionally, the board appointed Ms. Pratyansha Pandey as Company Secretary following the resignation of Mr. Rishabh Jain.

• Revenue from operations grew 92% YoY to ₹2.17 crore for the quarter ended June 30, 2026.
• Net profit for the period stood at ₹18.35 lakhs, nearly identical to the ₹18.12 lakhs reported in Q1 FY26.
• Accumulated losses reached ₹24.64 crore, significantly exceeding the paid-up equity capital of ₹4.91 crore.
• Non-current assets held for sale related to the discontinued spinning division are valued at ₹1.59 crore.
• Auditor issued a qualified conclusion regarding non-provision of ₹2.10 lakhs interest on unpaid TDS.

Suryavanshi Spinning Mills reported a net profit of ₹0.18 cr for the quarter ended June 30, 2026, recovering from a loss of ₹0.61 cr in the preceding quarter. Revenue from operations grew 24% sequentially to ₹2.17 cr. Despite the quarterly profit, the company remains under severe financial stress with accumulated losses of ₹24.64 cr and a negative net worth. The board also approved the replacement of the Company Secretary, with Pratyansha Pandey taking over from Rishabh Jain.

• Revenue from operations increased to ₹2.17 cr in Q1 FY27 from ₹1.75 cr in Q4 FY26
• Net profit for the quarter stood at ₹0.18 cr, matching the profit from the same quarter last year
• Accumulated losses reached ₹24.64 cr as of June 30, 2026, exceeding the company's share capital
• Spinning division remains discontinued since November 2023, with assets held for sale valued at ₹1.59 cr
• Auditors issued a qualified opinion regarding non-provision of ₹2.10 lakhs interest on unpaid TDS

Suryavanshi Spinning Mills reported a marginal net profit of Rs 0.18 Cr for Q1 FY27, remaining flat compared to the same quarter last year but recovering from a Rs 0.61 Cr loss in the previous quarter. Revenue from operations grew 92% YoY to Rs 2.17 Cr, representing approximately 31% of its TTM revenue. However, the company remains in a precarious financial position with accumulated losses of Rs 24.64 Cr and a deeply negative net worth. The spinning division remains discontinued, contributing a loss of Rs 15.91 lakhs this quarter as the company seeks to dispose of related assets valued at Rs 1.59 Cr.

• Revenue from operations increased 92% YoY to Rs 2.17 Cr from Rs 1.13 Cr in Jun 2025.
• Net profit for the quarter stood at Rs 0.18 Cr, recovering from a loss of Rs 0.61 Cr in Mar 2026.
• Accumulated losses reached Rs 24.64 Cr as of June 30, 2026, against a small market cap of Rs 8 Cr.
• Discontinued spinning division reported a loss of Rs 15.91 lakhs for the quarter.
• Auditors issued a qualified opinion regarding the non-provision of Rs 2.10 lakhs for interest on unpaid TDS.

Suryavanshi Spinning Mills reported a net profit of Rs 0.18 crore for Q1 FY27, remaining flat year-on-year despite a significant 92% increase in revenue to Rs 2.17 crore. The company continues to operate under severe financial stress with accumulated losses of Rs 24.64 crore and a negative net worth of Rs 9 crore. The main spinning division remains discontinued since November 2023 due to unviability, with the company now relying on the valuation of its immovable properties to justify its 'going concern' status. Additionally, the statutory auditor has qualified the results due to non-provision of interest on unpaid TDS dues.

• Revenue from operations rose 92% YoY to Rs 2.17 crore compared to Rs 1.13 crore in the same quarter last year.
• Net profit for the quarter stood at Rs 0.18 crore, matching the performance of June 2025.
• Accumulated losses reached Rs 24.64 crore as of June 30, 2026, significantly exceeding the company's market cap of Rs 8 crore.
• Discontinued spinning operations contributed a loss of Rs 0.159 crore during the quarter.
• Auditor issued a qualified opinion regarding the non-provision of Rs 2.10 lakhs in interest for unpaid statutory TDS dues.

Suryavanshi Spinning Mills has scheduled a board meeting for August 12, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is in a precarious financial position with a negative net worth of Rs -9 Cr and total debt of Rs 17 Cr, which is more than double its Rs 8 Cr market capitalization. Recent performance has been volatile, with the company swinging from a Rs 2.65 Cr profit in Dec 2025 to a Rs 0.61 Cr loss in Mar 2026. These results will be critical for assessing the company's ability to stabilize operations and manage its debt obligations.

• Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
• Company reported a net loss of Rs 0.61 Cr in the most recent quarter ended March 2026.
• Total debt of Rs 17 Cr significantly exceeds the current market cap of Rs 8 Cr.
• Net worth remains negative at Rs -9 Cr as per the latest financial context.
• TTM revenue stands at a modest Rs 7 Cr with an operating margin of 24.3%.