Sambandam Spinning Mills Ltd

Financial results

• Standalone quarter ended 30.06.2026: Revenue from operations Rs 5,999.22 Lakhs; Total income Rs 6,015.07 Lakhs.
• Total expenses Rs 5,966.02 Lakhs; PAT from continuing operations Rs 34.42 Lakhs.
• PBT before tax Rs 49.05 Lakhs; Basic/Diluted EPS Rs 0.90.
• Consolidated results include Rs 0.77 Lakhs share of profit from associate.
• Board approved unaudited results; Limited Review completed by Statutory Auditors.
• 52nd AGM on 18 September 2026; record date 11 September 2026; books closed 12–18 September 2026.
• Cessation of independent directors Sekar and Balasundaram; appointments Bhaskaran, Srinivasa Prasad, Prakash.
• Appointments: Bhaskaran 2nd term till 55th AGM (2029); Srinivasa Prasad and Prakash from 18 Sep 2026.
• Held-for-sale assets; depreciation not charged for period ended 30.06.2026.

Governance & AGM updates

• Board meeting held 13 Aug 2026; results approved for disclosure.
• 52nd AGM scheduled for 18 Sep 2026; e-voting from 11 Sep 2026.
• Record date fixed as 11 Sep 2026; share transfer books closed 12–18 Sep 2026.

Dematerialisation status

• Securities received for dematerialisation during quarter ended 30 June 2026 were processed and confirmed to depositories.
• The dematerialised securities have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical dematerialisation certificates were mutilated and cancelled after verification; depository name updated as registered owner within time limit.

Sambandam Spinning Mills Ltd trading window closed from July 1, 2026 until 48 hours after declaration of unaudited limited review of financial results for the quarter ended June 30, 2026

Credit Rating Action

• Long Term Bank Facilities downgraded to IVR BB/Stable from IVR BB+/Stable.
• Short Term Bank Facilities downgraded to IVR A4 from IVR A4+.
• Fixed Deposit rating downgraded to IVR BB/Stable from IVR BB+/Stable.
• Rating agency: Infomerics Valuation and Ratings Pvt. Ltd.
• Outlook remains Stable.

Rationale

• Downgrade due to weak liquidity and debt protection metrics projected for FY25.
• Profitability vulnerable to raw material price volatility.
• Operations are working capital intensive amid intense industry competition.
• Strengths include experienced promoters, established textile industry track record, and diversified geographical presence.

Credit Rating Action ️

• Infomerics downgraded bank loan and fixed deposit facilities.
• Long-term bank facilities (Rs. 94.32 Cr) downgraded from IVR BB+/Stable to IVR BB/Stable.
• Short-term bank facilities (Rs. 9.25 Cr) downgraded from IVR A4+ to IVR A4.
• Fixed deposit (Rs. 12.00 Cr) downgraded from IVR BB+/Stable to IVR BB/Stable.
• Total rated amount is Rs. 103.57 crore.
• Outlook remains Stable for all downgraded ratings.

🗓️ Meeting Details

• Board meeting scheduled for 14 February 2026 at company premises in Salem via video/audio means.

📊 Financial Results

• Approval of unaudited standalone and consolidated financial results for Q3 ended 31 December 2025.
• Financial results will undergo limited review before approval.