Sri Nachammai Cotton Mills Ltd (521234)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sri Nachammai's revenue was ₹12.9 Cr (-7.2% year on year, -13.2% on the previous quarter), and net profit ₹-0.1 Cr (against a profit a year earlier); the operating margin was 10.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.9 | -7.2% | -13.2% |
| Operating profit | ₹1.4 | from loss | +27.2% |
| Net profit | ₹-0.1 | to loss | loss narrowed |
| EPS (₹) | -0.34 | to loss | loss narrowed |
| Operating margin | 10.9% | — | — |
📢 Recent Corporate Announcements
Sri Nachammai Cotton Mills Ltd's Board and Audit Committee approved the sale of 17.92 acres of immovable property located in Tiruppur District for a total consideration of ₹2.15 crore. The buyer is identified as M/s Vanam Realty and Farmlands Private Limited, with the filing noting applicability of Related Party Transaction provisions if confirmed. The sale proceeds of ₹2.15 crore represent roughly 19.5% of the company's ₹11 crore market capitalization and 17.9% of its ₹12 crore net worth. The company faces high debt of ₹49 crore and reported a TTM net loss of ₹9 crore, making asset monetization a liquidity-supporting step.
- Board approved the sale of 17.92 Acres of land in K Krishnapuram Village, Palladam Taluk, Tiruppur District
- Total agreed sale consideration is ₹2,15,04,000 to M/s Vanam Realty and Farmlands Private Limited
- Sale proceeds equal ~19.5% of the company's current market cap of ₹11 crore
- The transaction will adhere to Related Party Transaction norms if buyer qualifies as a related party
Sri Nachammai Cotton Mills Ltd's Board and Audit Committee approved the sale of 17.92 acres of immovable property located in Tiruppur District for a total consideration of ₹2.15 crore. The buyer is identified as M/s Vanam Realty and Farmlands Private Limited, with the filing noting applicability of Related Party Transaction provisions if confirmed. The sale proceeds of ₹2.15 crore represent roughly 19.5% of the company's ₹11 crore market capitalization and 17.9% of its ₹12 crore net worth. The company faces high debt of ₹49 crore and reported a TTM net loss of ₹9 crore, making asset monetization a liquidity-supporting step.
- Board approved the sale of 17.92 Acres of land in K Krishnapuram Village, Palladam Taluk, Tiruppur District
- Total agreed sale consideration is ₹2,15,04,000 to M/s Vanam Realty and Farmlands Private Limited
- Sale proceeds equal ~19.5% of the company's current market cap of ₹11 crore
- The transaction will adhere to Related Party Transaction norms if buyer qualifies as a related party
Sri Nachammai Cotton Mills Limited has intimated the book closure dates for its upcoming 46th Annual General Meeting (AGM). The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026 (both days inclusive). The 46th AGM is scheduled to take place on September 25, 2026. This is a standard statutory compliance filing under Regulation 42 of SEBI LODR Regulations.
- 46th Annual General Meeting scheduled for 25.09.2026
- Book closure from 19.09.2026 to 25.09.2026 (both days inclusive)
- Pertains to Equity Shares of Rs 10 paid-up value
Sri Nachammai Cotton Mills Limited has submitted its 46th Annual Report for the financial year ended March 31, 2026, pursuant to Regulation 34(1) of SEBI LODR Regulations. The 46th Annual General Meeting (AGM) is scheduled to be held virtually on Friday, September 25, 2026, at 12:15 PM. Key agenda items include the adoption of FY26 financial statements, reappointment of director Smt. C. Renuka, and ratification of cost auditor remuneration for FY27. The company's cut-off date for e-voting eligibility is September 18, 2026.
- 46th Annual General Meeting to be held virtually on September 25, 2026, at 12:15 PM
- Remote e-voting window open from September 22, 2026 to September 24, 2026
- Record/Cut-off date for voting eligibility set as September 18, 2026
- Proposed ratification of remuneration for Cost Auditor CMA B. Venkateswar for FY 2026-2027
Sri Nachammai Cotton Mills Limited has announced its 46th Annual General Meeting (AGM) to be held on Friday, September 25, 2026, at 12:15 PM via Video Conferencing. The cut-off date to determine shareholder eligibility for remote e-voting is September 18, 2026. Remote e-voting will run from September 19, 2026 (9:00 AM) to September 24, 2026 (5:00 PM). Additionally, the company's Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026.
- 46th Annual General Meeting scheduled for September 25, 2026, at 12:15 PM via VC/OAVM
- Cut-off date for remote e-voting and AGM voting set as September 18, 2026
- Remote e-voting opens on September 19, 2026 (9:00 AM) and closes on September 24, 2026 (5:00 PM)
- Share transfer books and register of members closed from September 19, 2026, to September 25, 2026
Sri Nachammai Cotton Mills reported a net loss of Rs 0.15 Cr for the quarter ended June 2026, a significant sequential improvement from the Rs 5.07 Cr loss in March 2026. Revenue declined 7.2% YoY to Rs 12.91 Cr as the company scaled back operations to a single unit due to weak yarn demand. A key positive is the 39.9% reduction in power and fuel costs to Rs 86.23 Lakhs, attributed to self-consumption from a new solar power plant. The company remains highly leveraged with a Debt-to-Equity ratio of 3.98.
- Revenue from operations fell to Rs 12.91 Cr in Q1 FY27 from Rs 13.91 Cr in Q1 FY26.
- Power and fuel expenses reduced by Rs 57.27 Lakhs YoY due to solar power plant commissioning.
- Net loss narrowed to Rs 0.15 Cr compared to a loss of Rs 5.07 Cr in the previous quarter (Mar 2026).
- Company is currently running only one unit for 3 shifts due to poor demand and cotton-yarn price disparity.
- A one-time accounting gain of Rs 6.58 Cr in the base year (June 2025) makes the current YoY profit comparison appear negative.
Sri Nachammai Cotton Mills reported a 7% YoY decline in revenue to Rs 12.91 Cr for Q1 FY27. The company posted a net loss of Rs 14.75 Lakhs, a sharp contrast to the Rs 5.38 Cr profit in Q1 FY26, which was primarily due to a one-time exceptional accounting gain of Rs 6.59 Cr. However, operational performance improved as the pre-tax loss narrowed from Rs 1.32 Cr to Rs 13.27 Lakhs, supported by a 40% reduction in power costs following solar plant commissioning. The company remains under pressure, operating only one unit due to weak yarn demand and cotton price disparity.
- Revenue from operations decreased to Rs 12.91 Cr from Rs 13.91 Cr in the corresponding quarter last year.
- Power and fuel expenses dropped by 40% to Rs 86.23 Lakhs from Rs 143.50 Lakhs YoY due to solar power self-consumption.
- Operational loss before tax narrowed significantly to Rs 13.27 Lakhs compared to a loss of Rs 1.32 Cr in Q1 FY26.
- Net loss for the quarter stood at Rs 14.75 Lakhs against a profit of Rs 5.38 Cr YoY (which included a Rs 6.59 Cr exceptional gain).
- Company is currently running only one unit for 3 shifts due to poor demand for yarn.
Sri Nachammai Cotton Mills has scheduled a board meeting on August 11, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board will also finalize the date and time for the company's 46th Annual General Meeting (AGM). This meeting is critical as the company reported a net loss of Rs 3.8 Cr in FY26 and carries a high debt-to-equity ratio of 3.98. Investors should note the trading window for insiders remains closed until August 13, 2026.
- Board meeting scheduled for August 11, 2026, at 11:15 AM to approve Q1 results
- Trading window for insiders closed from July 1, 2026, to August 13, 2026
- Agenda includes fixing the date and time for the 46th Annual General Meeting
- Company reported a TTM net loss of Rs 4 Cr against a small market cap of Rs 11 Cr
- Debt levels remain high at Rs 49 Cr compared to a net worth of only Rs 12 Cr
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