Aananda Lakshmi Spinning Mills Ltd

AGM Details

• Date, time and physical venue: 30 September 2026, 10:30 AM, Secunderabad.
• Mode: physical AGM with e-voting and ballot voting facility.

Key Resolutions

• Ordinary: Adoption of audited financial statements for year ended 31 March 2026.
• Ordinary: Reappointment of Devender Kumar Agarwal as Director by rotation.
• Special: Re-appointment of Devender Kumar Agarwal as Managing Director.
• Special: Fix remuneration payable to the Managing Director.
• Ordinary: Approval of related party transactions.

Voting Status

• Results to be announced within 2 working days of AGM.
• Scrutinizer report to be announced and displayed at the office and company website.

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

AGM book closure and e-voting details

• AGM scheduled for 30 September 2026 at Incredible One Hotel, Secunderabad.
• Equity share register and transfer books closed from 19 September 2026 to 30 September 2026.
• Cut-off date for voting eligibility fixed as 18 September 2026.
• Remote e-voting window from 26 September 2026, 9:00 AM to 29 September 2026, 5:00 PM.
• Voting eligibility applies for both electronic and on-site voting per Section 108 and Rule 20.

AGM disclosures

• AGM date set for 30 September 2026 at Secunderabad, Telangana.
• Ordinary business includes adoption of audited FY2025-26 financial statements.
• Devender Kumar Agarwal retires by rotation and seeks reappointment as director.
• Special Resolution to reappoint Agarwal as Managing Director for five years.
• MD remuneration proposed: basic Rs 1,25,000 per month with 1% net profits commission.
• Perquisites include housing, medical reimbursement, LTA, club fees, and accident insurance.
• Related party transactions up to 10% of turnover, per notice table.
• E-voting window opens 26 Sep and closes 29 Sep 2026.
• Cut-off date for voting is 18 Sep 2026.
• Register of Members and transfer books closed Sep 19–30, 2026.

AGM & board proposals

• 13th AGM on 30 September 2026 at Incredible One Hotel, Secunderabad.
• Ordinary business to adopt audited financial statements for FY2025-26.
• MD Devender Kumar Agarwal to be re-appointed as MD for five years.
• Remuneration: Basic Rs 1.25 lakh/month; 1% of net profits or 50% of base salary as commission.
• Special resolution authorizes actions to implement MD appointment and remuneration.
• Ordinary resolution to approve related party transactions up to specified thresholds.

Financial snapshot (continuing ops)

• Revenue from operations: Rs 203.29 lakh in FY2025-26.
• Total income: Rs 249.25 lakh.
• Profit before tax: Rs 168.21 lakh.
• Profit after tax: Rs 165.14 lakh.
• Earnings per share (continuing): Rs 4.72.

Discontinued operations

• Spinning division discontinued since Sept 22, 2020; assets held for sale.
• Other income from discontinued ops: Rs 21.06 lakh.
• PBT for discontinued ops: Rs -100.37 lakh.
• Exceptional items total Rs 363.88 lakh.
• Total year profit/loss: Rs -299.11 lakh.

Dividend & capital

• Dividend not recommended for the year.
• Paid-up capital: Rs 349.93 lakh (3,499,270 shares).
• Accumulated losses: Rs 3,748.70 lakh.
• Net worth negative; going concern basis maintained.

Capital structure & liquidity

• Total borrowings: Rs 1,139.58 lakh.
• Gearing ratio: -0.62.
• Cash flow from operations: Rs 254.15 lakh.
• Cash and cash equivalents at year-end: Rs 2.39 lakh.

Governance & audit

• Board comprises four directors; MD plus three independent directors.
• Statutory auditors: K.S. Rao & Co; Secretarial auditors: HSP & Associates LLP.
• Audit: qualified opinion due to unpaid TDS and long-pending payables.
• Secretarial audit: no qualifications; internal controls adequate though weakness noted.
• Internal financial controls considered adequate; material weakness in commission income timing.

Related party transactions

• RPT approvals for 2026-27 aggregate around Rs 27 crore across five related parties.
• Transactions with Suryavanshi Spinning Mills Ltd, Sheshadri Industries Ltd, Suryavanshi Industries Ltd, Moonglade.
• Remuneration to MD reported as Rs 21.00 lakh in 2025-26; MD loans and repayments noted.
• All related party transactions are at arm's length and in ordinary course.

Outlook & risks

• MD&A highlights textile trading and land development diversification.
• Outlook cites growth in commercial real estate demand in 2026.
• Key risks include technology obsolescence, market volatility, and liquidity constraints.
• Internal controls reviewed; ongoing focus on cost efficiency and asset optimization.

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.

Meeting Details

• Board meeting scheduled for 11 August 2026 at the company's registered office.
• Time of meeting not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window is in effect until 48 hours after the unaudited results announcement.

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