Bannari Amman Spinning Mills Ltd

BANNARI AMMAN SPINNING MILLS LIMITED trading window remains closed from 1.10.2026 to 48 hours after the declaration of Consolidated Unaudited Financial Results for the quarter ended 30.9.2026

AGM details

• Date and time: 10 August 2026, 11:00 AM to 11:48 AM.
• Mode: VC/OAVM; record date: 03 August 2026.

Key resolutions

• Resolution 1 (Ordinary): Approval of standalone and consolidated financial statements.
• Resolution 2 (Ordinary): Declaration of dividend on equity shares.
• Resolution 3 (Ordinary): Re-appointment of Sri K Sadhasivam by rotation.
• Resolution 4 (Special): Re-appointment of Sri S V Arumugam as MD for 3 years with remuneration.
• Resolution 5 (Ordinary): Ratification of remuneration payable to Cost Auditor for FY ending 31 March 2027.

Voting results

• Resolution 1: Passed with 99.98% in favour; 0.02% against.
• Resolution 2: Passed with 99.98% in favour.
• Resolution 3: Passed with 99.98% in favour.
• Resolution 4: Passed as Special; 97.85% in favour, 2.13% abstained.
• Resolution 5: Passed with 99.98% in favour.

Auditors and remuneration

• Cost Auditor remuneration ratified for FY ending 31 March 2027.

AGM details

• Held on 10 August 2026; time and mode not disclosed.

Resolutions and outcomes

• Audited standalone and consolidated financial statements for FY2026 approved.
• Dividend declared on equity shares at Rs 0.25 per share (5%).
• Re-appointment of Sri K Sadhasivam as director on rotation.
• Re-appointment of MD Sri S V Arumugam for 3 years with remuneration.
• Remuneration for Cost Auditor M Nagarajan ratified for FY2027.

AGM details

• Held on 10 August 2026.

Key resolutions

• Adoption of Audited Financial Statements (standalone and consolidated) for FY ending 31 March 2026.
• Dividend declared on equity shares at Rs 0.25 per share (5%).
• Re-appointment of K Sadhasivam, retiring by rotation, eligible for re-appointment.
• Re-appointment of S V Arumugam as MD for 3 years with remuneration.
• Remuneration payable to Cost Auditor ratified for year ending 31 March 2027.

Director changes

• K Sadhasivam retires by rotation; eligible for re-appointment.
• S V Arumugam continues as MD for next term with remuneration.

AGM Details

• AGM held 10 August 2026 at 11:00 AM IST via VC/OAVM.
• Deemed venue at registered office; AV mode counted for quorum.
• Quorum present: eight directors including Chairman, out of nine.

Ordinary Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Dividend on equity shares of Re 0.25 per share declared.
• Re-appointment of Sri K Sadhasivam as Director.

Special Resolutions

• Reappointment of Sri S V Arumugam as Managing Director for 3 years from 27 June 2026.
• Remuneration: salary Rs 15,00,000 per month; plus perquisites and 10% of net profits.
• Minimum remuneration for MD aged over 70 years approved.
• MD authorized to manage day-to-day affairs under Board supervision.
• Approval of remuneration to Cost Auditor: Rs 1,00,000.

Auditors & Scrutinizer

• Statutory auditors: P N Raghavendra Rao & Co.
• Cost Auditor remuneration approved for FY 2025-26: Rs 1,00,000.
• Scrutinizer for e-voting: R Dhanasekaran.

Other Details

• Results of remote e-voting to be uploaded on company website by 12 Aug 2026.
• Meeting concluded at 11:48 AM.

Financial results approved

• Standalone Q1 2026-27 unaudited: revenue 21,650.93 lakhs, PAT 1,381.60.
• Consolidated Q1 2026-27 unaudited: PAT 1,369.42; total income 21,797.60.
• Audit Committee reviewed; results approved by Board; reports unmodified.

Discontinued operations and asset classification

• Palladam garment unit sold; SIPCOT Perundurai land remains held-for-sale/discontinued.

Warrants and capital actions

• Tranche I convertible warrants forfeited; Rs 655 lakhs transferred to capital reserve.
• Upfront subscription Rs 1,030 lakhs classified as money received against share warrants.
• Total upfront subscription splits: Tranche I Rs 655 lakhs; Tranche II Rs 375 lakhs.

Tax regime adoption & regulatory updates

• Adoption of new tax regime under 115BAA; opening deferred tax liability recomputed.
• Regulatory filing: results filed under Regulation 33 LODR with NSE/BSE.

Financial results approved

• Q1 FY2026 standalone and consolidated unaudited results approved.
• Board approval date: 10 August 2026; results reviewed by Audit Committee.
• Statutory auditors' limited review report unmodified.

Discontinued operations and assets held for sale

• Garment unit at Palladam sold; SIPCOT Perundurai land classified as discontinued.
• Discontinued operations: standalone Q1 2026 post-tax profit Rs 0.28 lakh.

Warrants and capital movements

• Tranche I warrants forfeited; Rs 655 lakh moved to capital reserve.
• Tranche II upfront Rs 375 lakh recognized as money received against warrants.

Tax regime adoption

• Adoption of new tax regime under section 115BAA; deferred tax liabilities recomputed.

Auditors' reviews

• Independent limited reviews for standalone and consolidated results; unmodified conclusions.

Consolidation details

• Consolidated results include Bannari Infotech Private Limited (subsidiary).