Sri Ramakrishna Mills Coimbatore Ltd

Sri Ramakrishna Mills Coimbatore Ltd trading window closed from 1 October 2026; re-open after ig hours from the announcement of the financial results for the quarter ended 30 September 2026

AGM details

• Date/time: 28 September 2026, 11:30 AM; mode: physical AGM with e-voting facility.
• Record/Book closure: 22 September 2026 to 28 September 2026.

Resolutions

• Item 1: Ordinary—adopt audited standalone financial statements and reports.
• Item 2: Ordinary—re-appoint L Nagaswarna by rotation.
• Item 3: Special—re-appoint L Nagaswarna as Whole-Time Director for 3 years from 14-08-2026; remuneration as per policy.
• Item 4: Special—re-appoint D Lakshminarayanaswamy as MD for 3 years from 01-04-2026; remuneration up to 5% of net profits.
• Item 5: Special—re-appoint C Baalasubramaniyam as Independent Director for second 5-year term.

Voting results

• Item 1: Passed with near-unanimous support (about 99.78%).
• Item 2: Passed with strong support (about 97.7%).
• Item 3: Passed with strong support (about 97.7%).
• Item 4: Passed with near-unanimous support (about 99.78%).
• Item 5: Passed with near-unanimous support (about 99.78%).

Dividend

• No dividend declared or paid during the year.

Directors & appointments

• L Nagaswarna appointed Whole-Time Director (3-year term).
• D Lakshminarayanaswamy re-appointed Managing Director (3-year term).
• C Baalasubramaniyam re-appointed Independent Director for second 5-year term.

Auditors

• Statutory auditors re-appointed for second five-year term to 2027.
• Secretarial Auditor: Sri V Prasanna & Associates re-appointed to 2027-28.
• Internal Auditor: Sasirekha Vengatesh continues.

Material related party transactions

• RPTs include leases, purchases, and interest with group entities; disclosed and arm's length.

Other material approvals

• Remuneration approvals for MD and WTD subject to statutory limits; board approvals as necessary.

AGM Details

• Date and time: 28 September 2026, 11:30 a.m.–12:15 p.m. IST.
• Mode: Physical meeting with remote e-voting facility.
• Venue: SNR Auditorium, Coimbatore.

Resolutions Put to Vote

• Resolution 1 (Ordinary): Adopt audited standalone financial statements and reports for the year ended 31 March 2026.
• Resolution 2 (Ordinary): Reappoint L. Nagaswarna as Director by rotation.
• Resolution 3 (Special): Re-appoint L. Nagaswarna as Whole-Time Director for three years from 14 Aug 2026.
• Resolution 4 (Special): Re-appoint D. Lakshminarayanaswamy as Managing Director.
• Resolution 5 (Special): Re-appoint C. Balasubramaniyam as Independent Director for five years.

Voting Results

• All resolutions passed by requisite majority; no dissent reported.

Dividends

• No dividend proposed or declared at the AGM.

Directors & Management Changes

• L. Nagaswarna reappointed as Director (ordinary) and as Whole-Time Director.
• D. Lakshminarayanaswamy reappointed as Managing Director.
• C. Balasubramaniyam reappointed as Independent Director.

Auditors & Related Party Transactions

• Statutory Auditor's report for year ended 31 March 2026 had no qualifications.
• No material related party transactions disclosed.

AGM and book closure details

• Book closure: 28 Sep 2026 to 2 Oct 2026 (inclusive).
• Purpose: AGM for year ended 31.03.2026.
• Record date: N.A. (not applicable).
• AGM date and time: 28 Sep 2026 at 11:30 a.m.
• Security: Shares (equity shares).
• Cutoff for remote e-voting and AGM voting: 21 Sep 2026.

Registered Office Change

• From 1493 Sathyamangalam Road, Ganapathy, Coimbatore to No. 11 Nethaji Road, Pappanaickenpatayam, Coimbatore; board action 13 August 2026.

Expansion details

• Existing capacity is 32,208 spindles; expansion adds 17,472 spindles and 768 rotors.
• Total capacity post-expansion will be 49,680 spindles.
• Board approved the proposal at the meeting held on August 13, 2026.
• Proposed capacity addition: 17,472 spindles and 768 rotors.
• Timeline for completion: 15 months.
• Investment required: approximately Rs 60 crores.
• Financing will be via debt and internal accruals.
• Rationale: to meet increased demand from new government Free Trade Agreements.

Financial highlights

• Net Sales from operations: 1,646.05 lakhs in Q1 FY2026-27.
• Total Income: 1,667.83 lakhs in Q1 FY2026-27.
• Profit before tax: 199.96 lakhs in Q1 FY2026-27.
• Profit for the period from continuing operations: 206.45 lakhs.
• Total comprehensive income: 211.91 lakhs in Q1 FY2026-27.
• EPS (basic/diluted): 2.90 Rs in Q1 FY2026-27.
• Board approved unaudited results on Aug 13, 2026.
• Auditors CSK Prabhu & Co LLP issued unmodified opinion.

Notes on revenue recognition

• Revenue recognised on land portion where control was lost under Joint Development Agreement.

Balance sheet snapshot

• Total assets: 10,089.16 lakhs as on 30 Jun 2026.
• Total liabilities: 4,892.24 lakhs as on 30 Jun 2026.
• Textile segment assets: 5,095.71 lakhs; Real Estate assets: 4,993.44 lakhs.
• Capital employed: 5,196.92 lakhs.

Audit & regulatory status

• Unaudited results reviewed by Audit Committee; Board approved on Aug 13, 2026.
• Independent Auditor CSK Prabhu & Co LLP issued unmodified opinion.

Key Agenda Items

• Board to consider standalone unaudited results for quarter ended 30-06-2026 at 09:30 AM on Aug 15, 2026.
• Publish the unaudited results after board consideration per SEBI LODR Regulation 47.