Patspin India Ltd

Promoter share sale details

• Promoter Ankur Patodia sold 400 equity shares on 18-08-2026.
• Sale mode: Open Market Sale; price Rs 6.49 per share; total Rs 2,575.74.
• Post-transaction promoter holding: 0 shares; voting/ownership NIL.
• Transaction did not trigger SEBI insider trading threshold; disclosed voluntarily.
• Trading window noted as open during the transaction.

AGM and Book Closure Details

• Book closure: 23 September 2026 to 28 September 2026 (inclusive).
• Record date: 21 September 2026 for AGM entitlement.
• Event: AGM scheduled for 28 September 2026 at 10:00 AM IST (VC/OAVM).
• Security: Equity shares (PATSPINLTD, 514326).

Financial results

• Standalone unaudited Q1 2026 results approved; quarter ended 30 June 2026.
• Total income from operations: 1115 lakhs.
• Net loss after tax: 254 lakhs; basic EPS: -0.82.
• Yarn segment; no separate reportable segments under Ind AS 108.
• Limited review by M/s L. U. Krishnan & Co.; Audit Committee approved results.

AGM and governance actions

• AGM scheduled 28 Sep 2026 at 10:00 AM IST via VC/OAVM.
• Cut-off date for e-voting eligibility: 21 Sep 2026.
• CDSL appointed as e-voting service provider.
• Book closure from 23 to 28 Sep 2026 (inclusive).
• Scrutinizer appointed: Shri M R L Narasimha; alternate: Shri Abhilash N A.

Regulatory & going concern / restructuring

• Debts restructuring plan (WCTL) with banks; TEV viability study confirms viability.
• Bankers pursuing plan; moratorium on interest; relief to MCLR level.
• Going concern risk noted; management plans to restructure; conclusion not modified.
• Auditor notes net loss of 253.81 lakhs and cash loss of 182.58 lakhs.
• Single Yarn segment; no separate reportable segments.

Meeting Details

• Date: 10 August 2026; Time and venue not disclosed.

Key Agenda Items

• Approve standalone unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for designated persons and relatives from 01 July 2026 until 48 hours after results declaration.

SARFAESI notice

• Notice dated 07/07/2026 under Sec 13(4) SARFAESI from Central Bank of India.
• Default in repayment of Working Capital Term Loan led to asset possession action.
• Company to inform stock exchange of any further material developments.

Defaults details

• Nature of defaulted obligation: Working capital facilities (WCTL) from banks.
• Lenders: Central Bank of India; State Bank of India; Karur Vysya Bank Ltd.
• Date of default: 30 June 2026.
• Current default amount: Principal 20.00 crore; Interest 9.33 crore; Total 29.33 crore.
• Total principal on facility: 56.67 crore.
• Tenure, interest rate, and security status: not disclosed.
• Total outstanding borrowings from banks/financial institutions: 56.67 crore.
• Total financial indebtedness: 56.67 crore.
• Material insolvency/restructuring/legal proceedings: No material updates reported.

Dematerialisation confirmation

• Securities received for dematerialisation during the reporting period were confirmed (accept/reject) to the depositories and stock exchanges.
• Securities comprised in the certificates have been listed on the stock exchanges.
• Certificates dematerialised were mutilated and cancelled after verification; depositories' names substituted as registered owners within 15 days.