Aananda Lakshmi Spinning Mills Ltd

Financial results and reports

• Unaudited Q1 FY27 results for quarter ended 30 June 2026 approved with Limited Review Report.
• Directors' Report for FY2025-26 approved with annexures.

MD appointment

• Re-appointment of Mr. Devender Kumar Agarwal as Managing Director approved.

Regulatory and financial reporting notes

• Going concern basis adopted; accumulated losses of Rs 3,772.40 lakhs; current liabilities exceed assets.
• Spinning division discontinued; non-current assets held for sale related to disposal.
• Independent Auditor's Review provides a qualified conclusion due to non-provision for TDS of Rs 21.16 lakhs.
• Inter-Corporate Deposits of Rs 125.30 lakhs subject to renewal.

Aananda Lakshmi Spinning Mills Limited: Trading window will remain closed from 01st July 2026 till end of 48 hours after the declaration of Unaudited financial results of the company for the quarter ended 30th June 2026

Financial Performance 📊

• Q3 FY2026 revenue from operations: ₹68.83 lakhs, up from ₹52.24 lakhs YoY.
• Total income Q3 FY2026: ₹68.83 lakhs vs ₹52.40 lakhs YoY.
• Total expenses Q3 FY2026: ₹23.87 lakhs vs ₹23.12 lakhs YoY.
• Profit before tax (continuing operations) Q3 FY2026: ₹44.96 lakhs vs ₹29.28 lakhs YoY.
• Net profit (continuing operations) Q3 FY2026: ₹44.96 lakhs vs ₹29.28 lakhs YoY.
• Total comprehensive income Q3 FY2026: ₹17.26 lakhs vs loss of ₹17.76 lakhs YoY.

Earnings Per Share (EPS) 📊

• EPS (continuing operations) Q3 FY2026: ₹1.28 basic and diluted vs ₹0.84 YoY.
• EPS (discontinued operations) Q3 FY2026: loss of ₹0.79 vs loss of ₹1.34 YoY.
• Total EPS Q3 FY2026: ₹0.49 vs loss of ₹0.51 YoY.

Discontinued Operations & Exceptional Items 🧱

• Spinning division discontinued since Sept 22, 2020; assets held for sale at ₹17.19 lakhs.
• Spinning division Q3 FY2026 loss before tax: ₹56.19 lakhs; after exceptional items: ₹262.52 lakhs loss.
• Exceptional items of ₹363.88 lakhs relate to export duty credit write-off and cross-subsidy provision.

Governance & Audit ⚠️📍

• Auditor qualified conclusion due to unpaid TDS interest of ₹21.07 lakhs not provided for.
• Company recognizes commission income on realization, causing income understatement/overstatement.
• Board approved Q3 FY2026 unaudited financial results and limited review report on Jan 30, 2026.
• Financials prepared on going concern basis despite accumulated losses of ₹3,777.65 lakhs and current liabilities exceeding assets.

Business Model & Segments 📍

• Chief Operating Decision Maker reviews company as a single segment; segment reporting not applicable.

Financial Performance

• Board approved unaudited standalone financial results for quarter ended December 31, 2025, with limited review report.
• Company reported a loss of ₹125.85 lakhs for the quarter, including discontinued operations loss of ₹186.17 lakhs.
• Exceptional items of ₹363.88 lakhs include write-off of export duty credit and provision for cross-subsidy payable.
• Company has accumulated losses of ₹3,777.65 lakhs; current liabilities exceed current assets; financials prepared on going concern basis.

Discontinued Operations & Assets

• Discontinued spinning division operations since September 22, 2020; assets classified as held for sale at ₹17.19 lakhs.

Auditor Remarks ️

• Statutory auditors issued qualified review report due to non-provision of interest on unpaid TDS statutory dues of ₹21.07 lakhs.
• Auditor emphasized exceptional items and commission income recognition deviation in their observations.

Accounting Policies

• Commission income recognition deviates from accrual accounting; impact on financials not ascertainable.

🗓️ Meeting Details

• Board meeting scheduled for 30 January 2026 at the company's registered office.

📊 Key Agenda Items

• Approval of unaudited financial results for the quarter ended 31 December 2025.