Super Spinning Mills Limited (SUPERSPIN)
📢 Recent Corporate Announcements
Super Spinning Mills Limited has declared the voting results of its 64th Annual General Meeting (AGM) held on August 28, 2026. Shareholders unanimously passed both ordinary resolutions with 100% of valid votes (2,42,98,470 votes across 45 members) cast in favour and zero dissenting votes. The approved items comprise the adoption of the audited financial statements for FY26 and the re-appointment of director Sanjay Krishna Ramamurthi upon retirement by rotation.
- Both ordinary resolutions approved with 100% assent (2,42,98,470 votes in favour and 0 against)
- Adoption of audited financial statements for the year ended March 31, 2026
- Approval for re-appointment of Mr. Sanjay Krishna Ramamurthi (DIN: 08730627) as Director
- A total of 45 members participated via remote e-voting (35 members, 2,37,58,191 votes) and AGM e-voting (10 members, 5,40,279 votes)
Super Spinning Mills Limited conducted its 64th Annual General Meeting on August 28, 2026, via video conferencing. A total of 56 members representing 2,43,53,086 equity shares attended the meeting. Key ordinary resolutions placed before shareholders included the adoption of the audited financial statements for FY26 and the re-appointment of Director Sanjay Krishna Ramamurthi on retirement by rotation. Final e-voting results and the scrutinizer's report will be declared and submitted separately.
- 64th AGM held on August 28, 2026, starting at 3:30 PM and concluding at 4:18 PM
- 56 shareholders representing 2,43,53,086 equity shares attended via VC/OAVM
- Remote e-voting was conducted from August 25 to August 27, 2026
- Resolutions included FY26 audited accounts adoption and re-appointment of Director Sanjay Krishna Ramamurthi
Super Spinning Mills Limited has scheduled its 64th Annual General Meeting (AGM) for August 28, 2026, to be conducted via video conferencing. The company has dispatched physical letters to shareholders who have not registered their email addresses, providing them with the web link to the FY 2025-26 Annual Report. This administrative step follows a fiscal year where the company reported a TTM revenue of ‡6 Cr and a net loss of ‡6 Cr. Shareholders are also reminded to update their KYC details to ensure eligibility for any future electronic payments.
- 64th Annual General Meeting scheduled for August 28, 2026, at 3:30 PM IST
- Letters dispatched to shareholders without registered email IDs as of the August 5, 2026 cut-off date
- Company reported TTM revenue of ‡6 Cr against a market capitalization of ‡36 Cr
- Mandatory KYC update reminder for physical security holders to avoid payment blocks effective since April 1, 2024
- FY26 Annual Revenue stood at ‡6.31 Cr with a net loss of ‡5.79 Cr
Super Spinning Mills Limited has scheduled its 64th Annual General Meeting (AGM) for August 28, 2026, to adopt the audited financial statements for FY26. The company has fully transitioned from textile manufacturing to a real estate rental model, reporting TTM revenue of Rs 6 Cr and a net loss of Rs 6 Cr. Key agenda items include the re-appointment of Director Mr. Sanjay Krishna Ramamurthi and the review of related party transactions. The share transfer books will be closed from August 22 to August 28, 2026, for the purpose of the AGM.
- 64th Annual General Meeting scheduled for August 28, 2026, via Video Conferencing.
- Share transfer books to remain closed from August 22, 2026, to August 28, 2026.
- TTM Revenue of Rs 6 Cr reflects the company's pivot to a 100% rental-based business model.
- Related party rent received from Elgi Electric and Industries Limited recorded at 15.12 (unit not explicitly stated in extract).
- Statutory Auditors CSK Prabhu & Co LLP to continue their 5-year term until 2027.
Super Spinning Mills reported a turnaround in Q1 FY27 with a total comprehensive income of Rs 0.56 Cr, compared to a net loss of Rs 7.13 Cr in the preceding quarter. The company has effectively transitioned to a rental-led model, with Rental Services contributing Rs 1.50 Cr to revenue at a segment profit margin of 54.9%. Discontinued textile operations incurred a minimal loss of Rs 0.058 Cr, indicating the legacy business drag is diminishing. A significant Joint Venture for land development in Coimbatore remains in the early stages with no financial impact recognized this quarter.
- Reported a Net Profit of Rs 0.56 Cr in Q1 FY27 vs a loss of Rs 7.13 Cr in Q4 FY26.
- Rental Services revenue stood at Rs 1.50 Cr, maintaining stability compared to Rs 1.50 Cr in the same quarter last year.
- Finance costs decreased to Rs 0.26 Cr from Rs 0.37 Cr in the sequential quarter.
- Segment profit from Rental Services reached Rs 0.82 Cr on a revenue of Rs 1.50 Cr.
- Total assets for the continuing Rental segment are valued at Rs 89.74 Cr against a market cap of Rs 36 Cr.
Super Spinning Mills reported a net profit of ₹0.56 Cr for the quarter ended June 30, 2026, a significant turnaround from the marginal loss of ₹0.01 Cr in the same period last year. The company has successfully transitioned to a pure-play rental model, with rental income contributing ₹1.50 Cr to revenue. Finance costs have decreased by 31.6% YoY to ₹0.26 Cr, reflecting ongoing debt reduction efforts. A key future catalyst is the Joint Venture for land development in Coimbatore, which remains in the pre-construction phase with no financial impact recorded this quarter.
- Net Profit turned positive at ₹0.56 Cr for Q1 FY27 vs a loss of ₹0.01 Cr in Q1 FY26.
- Rental segment revenue stood at ₹1.50 Cr, maintaining stability compared to ₹1.50 Cr in the previous year.
- Finance costs reduced to ₹0.26 Cr from ₹0.38 Cr YoY, aiding bottom-line recovery.
- Segment profit from rental services reached ₹0.82 Cr, representing a healthy operating margin for the core business.
- Total assets for the continuing rental operations are valued at ₹89.74 Cr.
Super Spinning Mills Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms the processing of dematerialization and rematerialization requests for the quarter ended June 30, 2026. It verifies that security certificates were mutilated and cancelled after due verification and that the depositories' names were substituted in the records. This is a standard procedural filing required by all listed companies in India to ensure the integrity of electronic shareholding records.
- Compliance certificate covers the three-month period ending June 30, 2026
- Registrar MUFG Intime India Private Limited issued the confirmation on July 1, 2026
- Official intimation to BSE and NSE was submitted on July 3, 2026
- Confirms that securities comprised in the certificates are listed on the stock exchanges
Super Spinning Mills Limited has informed the stock exchanges that its trading window will be closed starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain shut for all designated persons and their relatives until 48 hours after the financial results are officially declared. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure effective from July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the announcement of quarterly results
- Restriction applies to all Directors, Promoters, and Designated Persons
Super Spinning Mills Limited has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. A major point of concern is a long-standing power dispute involving ₹83.24 crore in arrears claimed by SPDCL, which includes ₹48.21 crore in surcharges. While the company estimates its actual liability at ₹19.08 crore, it notably made zero additional provisions for this dispute in the current financial year. The company has scheduled its 64th Annual General Meeting for August 28, 2026.
- Audited financial results for FY26 approved with an unmodified audit opinion from CSK Prabhu and Co LLP.
- Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 lakhs.
- Management estimated electricity payables at ₹1,907.56 lakhs but provided ₹0 in FY26 compared to ₹852.24 lakhs in the previous year.
- 64th Annual General Meeting (AGM) scheduled for August 28, 2026, with a voting cut-off date of August 21, 2026.
- Appointment of Mr. A Palaniappan as Internal Auditor for the 2026-27 financial year.
Super Spinning Mills Limited has approved its audited financial results for the fiscal year ended March 31, 2026, reporting a net loss for the period. A major concern for investors is a long-standing power dispute with SPDCL involving arrears of ₹8,324.06 lakhs, which includes ₹4,821.02 lakhs in surcharges. The company has only provided for ₹1,907.56 lakhs in its books, based on management estimates, with no additional provision made during FY26. Additionally, the board has appointed a new internal auditor and scheduled the 64th AGM for August 28, 2026.
- Audited financial results for FY26 approved with an unmodified auditor's opinion despite reporting a net loss.
- Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 lakhs (₹83.24 Cr).
- Management has provided for only ₹1,907.56 lakhs against the dispute, with ₹Nil provision added in FY26.
- Mr. A Palaniappan appointed as Internal Auditor for the financial year 2026-27.
- 64th Annual General Meeting scheduled for August 28, 2026, with book closure from August 22-28.
Super Spinning Mills Limited has approved its audited financial results for the year ended March 31, 2026, with auditors issuing an unmodified opinion. The company has scheduled its 64th Annual General Meeting for August 28, 2026, with a share transfer book closure starting August 22. A major highlight is a long-standing power dispute involving ₹83.24 crore in arrears claimed by SPDCL, against which the company has estimated only ₹19.08 crore as payable. The board also appointed Mr. A Palaniappan as the Internal Auditor for FY 2026-27.
- 64th Annual General Meeting scheduled for August 28, 2026, via Video Conferencing.
- Disclosed a significant power dispute with SPDCL involving total arrears of ₹8,324.06 Lakhs (approx. ₹83.24 crore).
- Management estimated electricity payables at ₹1,907.56 Lakhs, making no additional provision this year versus ₹852.24 Lakhs last year.
- Statutory auditors C S K Prabhu and Co LLP issued an unmodified opinion on the FY26 financial results.
- Mr. A Palaniappan appointed as Internal Auditor for the financial year 2026-27.
Super Spinning Mills has approved its audited financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. The board appointed Mr. A Palaniappan as the Internal Auditor for FY 2026-27 and scheduled the 64th AGM for August 28, 2026. A critical disclosure was made regarding a long-standing power dispute involving ₹8,324.06 Lakhs in arrears claimed by SPDCL. While the company has estimated its liability at ₹1,907.56 Lakhs, it notably made zero additional provisions for this in the current financial year.
- Audited FY26 financial results approved with an unmodified auditor's opinion.
- Appointment of Mr. A Palaniappan as Internal Auditor for the 2026-27 financial year.
- Significant power dispute disclosed involving ₹8,324.06 Lakhs in arrears, including ₹4,821.02 Lakhs in surcharges.
- Management estimated electricity payables at ₹1,907.56 Lakhs but provided ₹0 in FY26 vs ₹852.24 Lakhs in FY25.
- 64th Annual General Meeting set for August 28, 2026, with a book closure starting August 22, 2026.
Super Spinning Mills Limited has approved its audited financial results for the year ended March 31, 2026, which indicate a net loss for the period. A major concern for investors is a long-standing power dispute with SPDCL involving arrears of ₹8,324.06 lakhs, including a significant surcharge of ₹4,821.02 lakhs. While management has estimated a liability of ₹1,907.56 lakhs, they opted for zero additional provisioning in the current financial year. The company has also appointed a new Internal Auditor and scheduled its 64th AGM for August 28, 2026.
- Audited FY26 financial results approved with an unmodified auditor's opinion.
- Outstanding power dispute arrears total ₹8,324.06 lakhs, comprising ₹3,503.04 lakhs in consumption charges and ₹4,821.02 lakhs in surcharges.
- Management provided ₹0 in FY26 against the dispute, despite an estimated payable of ₹1,907.56 lakhs.
- Mr. A Palaniappan appointed as Internal Auditor for the 2026-27 financial year.
- 64th Annual General Meeting (AGM) to be held on August 28, 2026, with a book closure starting August 22.
Super Spinning Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Registrar MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended March 31, 2026. It verifies that physical share certificates were mutilated, cancelled, and replaced by the name of the depositories in the company's records. This is a standard procedural filing required by Indian listing regulations.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Registrar MUFG Intime India Private Limited confirmed all dematerialization requests were processed.
- Securities comprised in the certificates are listed on the stock exchanges where the company is traded.
- Physical certificates were mutilated and cancelled after due verification within prescribed timelines.
Super Spinning Mills Limited has informed the stock exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the board approves and communicates the financial results to the exchanges. This is a standard regulatory procedure to prevent insider trading prior to the release of price-sensitive information.
- Trading window closure effective from April 1, 2026, for the quarter ended March 31, 2026.
- Restriction applies to all Directors, Promoters, Designated Persons, and Specified Connected Persons.
- Window to reopen 48 hours after the official communication of financial results to the stock exchanges.
- The specific date for the Board Meeting to consider results will be announced later.
Financial Performance
Revenue Growth by Segment
Rental services revenue for H1 FY26 was INR 3.09 Cr, representing a slight decline of 1.9% compared to INR 3.15 Cr in H1 FY25. The Textile segment has been classified as a discontinued operation and generated zero revenue in the current period.
Geographic Revenue Split
Not specifically disclosed, though operations are centered in Coimbatore, Tamil Nadu, where the registered office 'Elgi Towers' is located.
Profitability Margins
The Rental services segment achieved a segment profit margin of 61.6% in H1 FY26 (INR 1.90 Cr profit on INR 3.09 Cr revenue). The overall Net Profit margin for the company turned positive at 6.65% in H1 FY26, compared to a net loss in the previous year's corresponding period.
EBITDA Margin
The EBITDA margin for the continuing rental operations is approximately 80.6% (calculated by adding INR 0.59 Cr depreciation back to the INR 1.90 Cr segment profit), reflecting the high-margin nature of property leasing.
Capital Expenditure
Capital expenditure for H1 FY26 was INR 0.27 Cr, primarily for the purchase of property, plant, and equipment, compared to a minimal INR 0.005 Cr in H1 FY25.
Credit Rating & Borrowing
Finance costs for H1 FY26 were INR 0.75 Cr, a significant reduction of 27% from INR 1.02 Cr in H1 FY25, indicating a reduction in debt levels or lower interest rates. Total borrowings as of September 30, 2025, stand at INR 18.05 Cr.
Operational Drivers
Raw Materials
Not applicable for the current core business of rental services. For the discontinued textile operations, raw materials included cotton and yarn, though consumption was zero in H1 FY26.
Capacity Expansion
The company is currently focused on real estate activities; specific square footage capacity for 'Elgi Towers' or other properties is not disclosed.
Raw Material Costs
Not applicable for rental operations. Other expenses for the continuing business were INR 0.62 Cr in H1 FY26, down 26.8% from INR 0.84 Cr in H1 FY25.
Manufacturing Efficiency
Not applicable as the company has transitioned to real estate activities.
Strategic Growth
Growth Strategy
The company is pursuing a strategy of asset monetization and debt reduction. It has transitioned from a manufacturing-heavy textile model to a stable real estate rental model to improve cash flow predictability and reduce operational volatility.
Products & Services
Real estate rental services and leasing of commercial property.
Brand Portfolio
Super Spinning Mills, Elgi Towers.
Market Expansion
The company is focusing on real estate activities, potentially expanding its portfolio of leasable assets in the Coimbatore region.
External Factors
Industry Trends
The industry is shifting toward professional property management and REIT-like structures. The company is positioning itself as a pure-play real estate holding company by exiting the textile industry, which faced high raw material volatility.
Competitive Landscape
Competes with other commercial property developers and local business parks in the Coimbatore real estate market.
Competitive Moat
The primary moat is the ownership of prime commercial real estate (Elgi Towers) in Coimbatore. This provides a durable cost advantage as the assets are already developed, leading to high segment margins of 61.6%.
Macro Economic Sensitivity
Highly sensitive to commercial real estate demand and interest rate fluctuations, which affect the valuation of the INR 99.68 Cr asset base.
Consumer Behavior
Shift toward flexible office spaces and high-quality commercial infrastructure affecting tenant demand.
Geopolitical Risks
Low impact on domestic rental services, though legacy textile export issues may have contributed to the discontinuation of that segment.
Regulatory & Governance
Industry Regulations
Compliance with local municipal building norms, property tax regulations, and Ind AS 108 for segment reporting during the business transition.
Taxation Policy Impact
The company recorded a deferred tax expense of INR 0.30 Cr for continuing operations in H1 FY26.
Legal Contingencies
The company recorded a provision for expected credit losses/impairment of INR 3.34 Cr in FY25, relating to legacy textile receivables.
Risk Analysis
Key Uncertainties
The primary risk is the low current ratio of 0.35, a 50.7% decline from the previous year, indicating that current assets (INR 9.57 Cr) are insufficient to cover current liabilities (INR 30.42 Cr).
Geographic Concentration Risk
100% of revenue is likely concentrated in the Coimbatore region where its primary real estate assets are located.
Third Party Dependencies
Dependency on major tenants for rental income; the loss of a anchor tenant would significantly impact the INR 3.09 Cr revenue stream.
Technology Obsolescence Risk
Low risk for real estate, though building management systems require periodic digital upgrades.
Credit & Counterparty Risk
Risk associated with the collection of rental dues and legacy receivables from the discontinued textile segment.
