Katare Spinning Mills Ltd

Key Decisions

• Appointed M/s Hiremath Patil Udgiri and Associates as Statutory Auditors to fill casual vacancy, effective 21 Aug 2026.
• Auditors to hold office until the conclusion of the ensuing AGM.
• Proposed five-year term for the new auditors from AGM 2026 to AGM 2031.
• Resignation of previous Statutory Auditor M/s G M Pawle and Associates.
• Alter MOA to include Battery Energy Storage Systems, enabling diversification; subject to member approval.
• Approval via Special Resolution at forthcoming AGM.

Financial results and audit status

• Board approved standalone unaudited Q1 2026 results for quarter ended 30 June 2026.
• Audit Committee recommended results; Limited Review Report issued by statutory auditors.
• Results presented are standalone; no consolidated figures disclosed.
• Board noted results were reviewed by the Audit Committee.

Cash flow and balance sheet

• Net cash used in operating activities Rs 7.53 lakh for quarter.
• Cash and cash equivalents at end of period Rs 0.47 lakh.
• Total assets Rs 11,831.82 lakh as at 30 June 2026.
• Share capital Rs 285.00 lakh; Other Equity Rs 11,061.27 lakh.
• Current liabilities include borrowings Rs 386.41 lakh; trade payables Rs 1.67 lakh; provisions Rs 8.91 lakh.
• Non-current liabilities: deferred tax Rs 78.87 lakh; trade payables Rs 9.69 lakh.

Segment information

• Q1 2026 segment revenue: Cotton yarn Rs 52.83 lakh; Solar power Rs 21.56 lakh.
• Total segment revenue Rs 74.39 lakh.
• Segment PBT before tax: Cotton yarn Rs -27.93 lakh; Solar power Rs 5.40 lakh.
• Total PBT before tax Rs -22.80 lakh.
• EPS (basic/diluted) for quarter: -0.80.

Audit and notes

• Statutory auditors conducted Limited Review for quarter ended 30 June 2026.
• Company operates in Cotton yarn manufacturing and Solar power generation; Ind AS adopted from 1 April 2017.

Dematerialisation and listing status

• Dematerialisation requests for quarter ended 30 June 2026 were processed and confirmed to depositories (accepted/rejected).
• Dematerialised securities have been listed on stock exchanges where earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

Katare Spinning Mills Ltd — Trading window closed from July 1, 2026 till completion of 48 hours from the announcement to the Stock Exchanges of the unaudited financial results for the quarter ending June 30, 2026.

🗓️ Meeting Details

• Board meeting scheduled on 6 February 2026 at 4:00 p.m. at the registered office in Solapur.

📊 Financial Results

• Board to consider unaudited standalone financial results for quarter and nine months ended 31 December 2025.