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Indo Cotspin Ltd (538838)

📊 BSE: 538838 🏢 Other Textile Products 📢 Latest filing: 10 Aug 2026

Q2 FY27 results

📅 Next results: 17 Oct 2026 (board meeting)

Indo Cotspin Ltd's board meets on 17 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Indo Cotspin's revenue was ₹2.0 Cr (+4.8% year on year, -66.5% on the previous quarter), and net profit ₹0.0 Cr; the operating margin was 5.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2.0	+4.8%	-66.5%
Operating profit	₹0.1	-12.2%	-4.2%
Net profit	₹0.0	—	from loss
EPS (₹)	0.01	—	from loss
Operating margin	5.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Indo Cotspin 32nd AGM: Approves Asset Sale to Related Party and Management Re-appointments

🔵 WATCH ⭐ 7/10

MANAGEMENT 📅 10 Aug 2026, 06:06 PM

Indo Cotspin Ltd held its 32nd Annual General Meeting on August 10, 2026, where shareholders approved several critical resolutions. Most notably, the Board received authorization to sell, transfer, or dispose of the company's land, building, and plant & machinery to a related party. The meeting also confirmed the appointment of M/s Manish Jain & Associates as Statutory Auditors and re-appointed the Managing Director and two Whole-time Directors. Additionally, shareholders approved an increase in borrowing limits and a revision in director remuneration for FY 2026-27.

Shareholders authorized the sale or transfer of land, building, and plant & machinery to a related party under Section 180(1)(a)
Appointment of M/s Manish Jain & Associates as Statutory Auditors approved for the company
Re-appointment of Mr. Bal Aggarwal Kishan as Managing Director and two other Whole-time Directors confirmed
Approval granted for an increase in the company's borrowing limits
Revision in remuneration for the Managing Director and other Directors approved for FY 2026-27

💡 Investors should closely monitor subsequent disclosures regarding the valuation and terms of the asset sale to the related party, as this could significantly impact the company's operational capacity.

Indo Cotspin Q1 Revenue Drops 67% YoY to ₹6.58 Lakhs; Swings to Net Loss

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 18 Jul 2026, 11:53 AM

Indo Cotspin Ltd reported a weak performance for the quarter ended June 30, 2026, with revenue from operations falling sharply to ₹6.58 Lakhs from ₹20.05 Lakhs in the same period last year. The company posted a net loss of ₹2.84 Lakhs, compared to a marginal profit of ₹0.37 Lakhs YoY. Total expenses for the quarter stood at ₹9.47 Lakhs, which significantly exceeded the total revenue of ₹6.70 Lakhs. The company's scale remains extremely small, with total annual revenue for the previous year (FY26) at only ₹46.15 Lakhs.

Revenue from operations declined by 67.2% YoY to ₹6.58 Lakhs from ₹20.05 Lakhs.
The company reported a net loss of ₹2.84 Lakhs against a profit of ₹0.37 Lakhs in the year-ago quarter.
Total expenses rose to ₹9.47 Lakhs, driven by higher employee benefit expenses of ₹3.17 Lakhs and other expenses of ₹4.50 Lakhs.
The company's paid-up equity share capital remains at ₹714.08 Lakhs, significantly higher than its current quarterly turnover.
Earnings Per Share (EPS) for the quarter stood at ₹0.00, reflecting the minimal scale of operations.

💡 Investors should monitor the company's ability to scale its operations, as current revenue levels are insufficient to cover basic operating costs. The wide gap between the equity capital (₹7.14 Cr) and annual revenue (₹0.46 Cr) suggests highly underutilized assets or a struggling business model.

Indo Cotspin Q1 Revenue Drops 72% YoY to ₹5.58 Lakhs; Reports Net Loss

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 18 Jul 2026, 11:48 AM

Indo Cotspin Ltd reported a significant contraction in its business for the quarter ended June 30, 2026, with revenue from operations falling to ₹5.58 Lakhs from ₹20.05 Lakhs in the same quarter last year. The company swung to a net loss of ₹2.85 Lakhs, compared to a marginal profit of ₹0.37 Lakhs in Q1 FY26. Total expenses for the quarter stood at ₹8.48 Lakhs, which is approximately 1.5x the total revenue generated. The scale of operations remains extremely small, with quarterly revenue failing to cross the ₹10 Lakh mark.

Revenue from operations declined by 72.1% YoY to ₹5.58 Lakhs from ₹20.05 Lakhs.
Reported a net loss of ₹2.85 Lakhs for the quarter vs a profit of ₹0.37 Lakhs in the year-ago period.
Total expenses of ₹8.48 Lakhs exceeded total revenue of ₹5.71 Lakhs.
Employee benefit expenses were reduced to ₹3.17 Lakhs from ₹7.74 Lakhs in the preceding quarter.
Earnings Per Share (EPS) turned negative at ₹(0.04) for the quarter.

💡 Investors should monitor the company's ability to scale its operations, as current revenue levels are insufficient to cover basic operating costs. Watch for any management updates regarding business revival or new orders to justify the current market valuation.

Indo Cotspin Ltd Announces Book Closure from Aug 3 to Aug 10 for 32nd AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 03:31 PM

Indo Cotspin Ltd has scheduled its 32nd Annual General Meeting (AGM) and announced the associated book closure dates. The register of members will remain closed from August 3, 2026, to August 10, 2026. Shareholders holding shares as of the cut-off date, July 31, 2026, will be eligible to participate in remote e-voting. The e-voting window is set for August 7 to August 9, 2026.

Book closure period scheduled from August 3, 2026, to August 10, 2026
Cut-off date for determining e-voting eligibility is July 31, 2026
Remote e-voting window opens August 7, 2026 (09:00 AM) and ends August 9, 2026 (05:00 PM)
The event is the company's 32nd Annual General Meeting

💡 Shareholders should review the upcoming AGM notice for specific resolutions and ensure their shareholding is finalized by the July 31 cut-off date to exercise voting rights.

Indo Cotspin FY26 Report: Net Loss of ₹0.87 Lakh and ₹2.89 Cr Building Investment

🔴 NEGATIVE ⭐ 5/10

ROUTINE 📅 14 Jul 2026, 09:26 PM

Indo Cotspin reported a significant downturn in FY26, swinging to a net loss of ₹87,133 from a profit of ₹40.05 lakh in FY25. Despite the loss, the company reported positive operating cash flow of ₹3.13 crore, largely driven by a ₹3.13 crore increase in trade payables. The company undertook substantial capital expenditure, investing ₹2.89 crore in buildings and ₹66.10 lakh in solar panels. Management is seeking shareholder approval at the August 10, 2026, AGM to re-appoint the Managing Director and two Whole-Time Directors for five-year terms.

Net loss of ₹87,133.59 in FY26 compared to a profit of ₹4,005,309.54 in FY25
Significant investment of ₹28,978,888.00 in building infrastructure during the fiscal year
Net cash from operating activities improved to ₹31,343,455.00, primarily due to increased trade payables
Return on Capital Employed (ROCE) plummeted by 97.97% to near zero (0.00)
Trade receivables turnover ratio declined by 43.45% to 15.16, indicating slower collections

💡 Investors should monitor the upcoming AGM on August 10, 2026, for management's explanation regarding the sharp decline in profitability and the expected return on the ₹2.89 crore building investment.

Indo Cotspin to Re-appoint MD for 5 Years; Proposes 48% Hike in Director Remuneration

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Jul 2026, 08:49 PM

Indo Cotspin Limited has issued a notice for its 32nd Annual General Meeting (AGM) to be held on August 10, 2026. Key resolutions include the re-appointment of Mr. Bal Aggarwal Kishan as Managing Director and two other Whole-Time Directors for five-year terms. Notably, the company proposes to increase the annual remuneration for each of the four key directors from Rs 8.1 Lakh to Rs 12 Lakh, a 48.1% increase. Additionally, a new statutory auditor, M/s Manish Jain & Associates, is proposed for a five-year tenure starting from this AGM.

Proposed re-appointment of Mr. Bal Aggarwal Kishan as Managing Director for a 5-year term from October 1, 2026.
Director remuneration for four key management personnel to be hiked from Rs 8.1 Lakh P.A. to Rs 12 Lakh P.A.
Appointment of M/s Manish Jain & Associates as Statutory Auditors for a 5-year block (FY2027-FY2031).
Managing Director Bal Kishan Aggarwal holds an 11.79% stake in the company.
AGM scheduled for August 10, 2026, to adopt the audited financial statements for the year ended March 31, 2026.

💡 Investors should review the FY26 annual report when fully released and monitor the AGM voting results to ensure shareholder alignment with the proposed management pay hikes.

Indo Cotspin to Raise Borrowing Limit to ₹50 Cr and Dispose Assets to Related Parties

🔵 WATCH ⭐ 8/10

MANAGEMENT 📅 14 Jul 2026, 07:44 PM

Indo Cotspin has announced a comprehensive management reshuffle, including the re-appointment of its Managing Director and two Whole-time Directors for 5-year terms. More significantly, the board has approved increasing borrowing limits to ₹50 Crores and authorized the sale or disposal of the company's land, buildings, and machinery to related parties. These proposals, along with the appointment of new statutory auditors for a 5-year term, are subject to shareholder approval at the upcoming 32nd AGM. The move to sell core assets to related parties while increasing debt capacity warrants close investor attention.

Proposed increase in borrowing limits up to ₹50 Crores under Section 180(1)(c)
Authorization to sell, transfer, or dispose of land, building, and plant & machinery to related parties
Re-appointment of Mr. Bal Aggarwal Kishan as Managing Director for 5 years effective October 1, 2026
Appointment of M/s. Manish Jain & Associates as Statutory Auditors for a 5-year block (32nd to 37th AGM)
Re-appointment of Mr. Sanil Aggarwal and Mr. Arpan Aggarwal as Whole-time Directors for 5-year terms

💡 Investors should scrutinize the upcoming 32nd AGM notice for the valuation report and rationale behind selling core assets to related parties, as well as the intended use for the ₹50 Crore borrowing limit.

Indo Cotspin to Increase Borrowing Limit to ₹50 Cr and Authorize Asset Sale to Related Party

🔵 WATCH ⭐ 7/10

BOARD_MEETING 📅 14 Jul 2026, 07:34 PM

Indo Cotspin's board has approved a significant increase in borrowing limits to ₹50 Crores and authorized the sale or disposal of the company's land, buildings, and machinery to related parties, subject to shareholder approval at the 32nd AGM. The board also recommended the re-appointment of Managing Director Bal Aggarwal Kishan and two Whole-time Directors for 5-year terms. Additionally, Manish Jain & Associates have been proposed as new Statutory Auditors for a 5-year tenure starting from the upcoming AGM.

Proposed increase in borrowing limits under Section 180(1)(c) up to ₹50 Crores
Authorization to sell, transfer, or dispose of land, building, and plant & machinery to a related party
Re-appointment of Bal Aggarwal Kishan as Managing Director for 5 years effective October 1, 2026
Appointment of Manish Jain & Associates as Statutory Auditors for a 5-year term (32nd to 37th AGM)
Re-appointment of Sanil Aggarwal as Whole-time Director for 5 years effective September 1, 2026

💡 Investors should closely examine the upcoming 32nd AGM notice for the valuation reports and justifications regarding the sale of plant and machinery to related parties, as well as the planned utilization of the ₹50 Crore borrowing limit.

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