Pasari Spinning Mills Ltd (521080)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Pasari Spinning's revenue was ₹0.0 Cr (-91.6% year on year, -76.3% on the previous quarter), and net profit ₹-0.0 Cr (against a profit a year earlier); the operating margin was -254.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -91.6% | -76.3% |
| Operating profit | ₹-0.0 | to loss | loss narrowed |
| Net profit | ₹-0.0 | to loss | loss narrowed |
| EPS (₹) | -0.03 | to loss | loss narrowed |
| Operating margin | -254.9% | — | — |
📢 Recent Corporate Announcements
Pasari Spinning Mills Ltd has submitted its Annual Report for FY2025-26 alongside the notice convening its 35th Annual General Meeting (AGM). The AGM will be conducted via Video Conferencing / OAVM on Saturday, September 19, 2026, at 11:00 AM IST. Key agenda items include adopting the audited financial statements for FY26 and re-appointing Independent Director Mr. Byadarahally Lakshmaiah Pundareeka for a second 5-year term ending September 19, 2031. The register of members and share transfer books will remain closed from September 11, 2026, to September 19, 2026.
- 35th AGM convened on Saturday, September 19, 2026, at 11:00 AM via VC/OAVM
- Proposed re-appointment of Independent Director Mr. Byadarahally Lakshmaiah Pundareeka for a 5-year term from Sept 20, 2026 to Sept 19, 2031
- Share transfer books and register of members closed from September 11, 2026 to September 19, 2026
- Remote e-voting facility provided to all eligible members via NSDL
Pasari Spinning Mills Limited has scheduled its Annual General Meeting (AGM) for FY 2025-26 on Saturday, September 19, 2026, at 11:00 AM via video conferencing. The company fixed Friday, September 11, 2026, as the cut-off date for determining member eligibility for remote e-voting. The register of members will remain closed from September 11, 2026, to September 19, 2026. This is a standard procedural filing with no operational or financial impact.
- AGM scheduled for Saturday, 19.09.2026 at 11:00 AM via VC/OAVM
- Cut-off date for remote e-voting fixed as Friday, 11.09.2026
- Register of members closed from 11.09.2026 to 19.09.2026 (both days inclusive)
- Board meeting approving the AGM notice was held on 12.08.2026
Pasari Spinning Mills Limited has issued the notice for its 35th Annual General Meeting (AGM) scheduled for September 19, 2026, via Video Conferencing. Key ordinary business includes the adoption of audited financial statements for FY 2025-26 and the retirement-by-rotation reappointment of Director Kolagunda Kumar Siddappa. The company is also seeking shareholder approval for the reappointment of Independent Director Byadarahally Lakshmaiah Pundareeka for a second 5-year term from September 20, 2026, to September 19, 2031. The register of members and share transfer books will remain closed from September 11 to September 19, 2026.
- 35th Annual General Meeting scheduled for September 19, 2026 at 11:00 AM IST via VC/OAVM
- Book closure period set from September 11, 2026 to September 19, 2026 (both days inclusive)
- Proposed reappointment of Independent Director Byadarahally Lakshmaiah Pundareeka for a 5-year term ending September 19, 2031
- Adoption of audited financial statements for the financial year ended March 31, 2026
Pasari Spinning Mills reported a sharp decline in Q1 FY27 total income to Rs 1.42 Lakhs, down from Rs 16.93 Lakhs in the same quarter last year. The company recorded zero revenue from core operations (Net Sales), with the entire income derived from other operating sources. A major concern for investors is the ongoing legal dispute with the Cotton Corporation of India (CCI), involving a contingent liability of Rs 639.23 Lakhs, which is approximately 80% of the company's total market capitalization. Additionally, the statutory auditor noted that the Chief Financial Officer (CFO) did not sign the financial statements, a significant compliance observation.
- Total Income for Q1 FY27 fell to Rs 1.42 Lakhs from Rs 16.93 Lakhs YoY.
- Net Profit for the quarter stood at Rs 3.62 Lakhs, down from Rs 11.15 Lakhs in the previous year's quarter.
- Disclosed a contingent liability of Rs 639.23 Lakhs related to a dispute with Cotton Corporation of India.
- High Court of Karnataka has granted an interim stay on execution proceedings for recovery of Rs 703.12 Lakhs.
- Auditor highlighted that the Chief Financial Officer (CFO) did not sign the financial results as required by Section 134.
Pasari 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 a micro-cap with a market capitalization of only Rs 8 Cr and a very small TTM revenue base of Rs 1 Cr. Recent performance has been under pressure, with the March 2026 quarter showing a revenue of just Rs 0.06 Cr and a net loss of Rs 0.06 Cr. Investors should note the high debt-to-equity ratio of 3.88 and the significant decline in annual revenue from FY25 to FY26.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Company reported a net loss of Rs 0.06 Cr in the most recent quarter (March 2026).
- TTM revenue is extremely low at Rs 1 Cr relative to the Rs 8 Cr market cap.
- Promoter holding has remained stagnant at 53.06% as of June 2026.
- Debt-to-equity ratio is elevated at 3.88 as per latest financial context.
Financial Performance
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