Suryavanshi Spinning Mills Ltd

AGM Details

• In-person AGM held at a Hyderabad hotel, started 09:30 AM.

Key Resolutions

• Adopt audited financial statements for the year (Ordinary Resolution).
• Reappointment of director by rotation.
• Approve related party transactions (Ordinary Resolution).

Voting Status

• Outcome not disclosed in excerpt; results to be announced within two working days.

Director Changes

• Director to retire by rotation and seek reappointment.

Related Party Transactions

• Approval of related party transactions.

Suryavanshi Spinning Mills Ltd – Trading Window Closed from Oct 01, 2026 to 48 hours after the announcement of the Unaudited Financial Results for the quarter ended Sept 30, 2026

Dematerialisation details furnished to exchanges

• Details of dematerialised/rematerialised securities for quarter ended June 2026 were furnished to all stock exchanges.

AGM and voting schedule

• AGM date and venue: 30 September 2026, 9:30 AM, Incredible One Hotel, Secunderabad.
• Register of Members closed: 19 September to 30 September 2026.
• Cut-off date for voting eligibility: 18 September 2026.
• Remote e-voting window: 26 September 2026, 9:00 AM to 29 September 2026, 5:00 PM.
• Notice confirms 47th AGM and related voting procedures.

AGM notice and agenda

• 47th AGM on 30 Sept 2026 at 9:30 AM, Secunderabad.
• Ordinary Business: adopt audited financial statements for year ended 31 March 2026 and reports.
• To reappoint Rajender Kumar Agarwal as Director, retiring by rotation.
• Special Business: approve Related Party Transactions up to thresholds for 2026-27.
• RPTs involve five entities totaling 70 Crores.
• Entities: Rishikesh Yarns; Innovative Interiors; Sheshadri Industries; Aananda Lakshmi Spinning Mills; Suryavanshi.
• Approved up to 10% turnover; Board and Audit Committee approved.
• Ordinary resolution required to authorize these RPTs.

Director profile

• Rajender Kumar Agarwal: MD & CFO; DIN 00041892; 25+ years in textiles; 20,79,253 shares.
• Board date of appointment: 12 Oct 1990.

Financial highlights

• Revenue from operations (continuing) 692.03 Lakhs for year ended 31 March 2026.
• Total income 700.00 Lakhs for year ended 31 March 2026.
• Profit after tax - continuing 54.37 Lakhs.
• Profit after tax - discontinued 77.86 Lakhs.
• Profit for the year (continuing + discontinued) 132.22 Lakhs.
• EPS total 2.69 INR; continuing 1.11 INR; discontinued 1.59 INR.
• Equity capital stands at 491.08 Lakhs (4.908 million shares).
• Cash flow from operations 289.76 Lakhs; cash at year-end 2.11 Lakhs.
• Accumulated losses 2482.58 Lakhs; going concern basis stated.
• Total borrowings 1747.36 Lakhs; gearing -2.01; current ratio 0.29.

Discontinued spinning division

• Spinning division discontinued from 01-Nov-2023; results shown as discontinued operations.
• Non-current assets held for sale: 185.84 Lakhs.
• Discontinued ops: total income 443.90 Lakhs; expenditure 339.74 Lakhs.
• Profit after tax from spinning division: 77.86 Lakhs.
• Net cash flow of spinning division: operating 137.36, financing (59.50) Lakhs.

Capital & liquidity

• Total borrowings: 1747.36 Lakhs; current 1428.36, non-current 319.00.
• Inter Corporate Deposits: 1071.09 Lakhs.
• Total equity: -865.50 Lakhs; negative due to losses.
• Gearing ratio: -2.01; current ratio: 0.29.
• Cash and cash equivalents: ₹2.11 Lakhs.

Governance & board

• Board of 4 directors; 1 Executive MD & CFO; 3 Non-Executive Directors.
• Sushma Gupta resigned 13-Aug-2025; Rajani Elaprolu Kumari appointed Independent Director 13-Aug-2025.
• Board met 5 times in FY2025-26; dates: 30/05/2025, 11/06/2025, 13/08/2025, 13/11/2025, 29/01/2026.
• Audit Committee met 4 times; Nomination & Remuneration Committee met 2 times.

Related party transactions

• Transactions with related parties approved via Ordinary Resolution.
• Rishikesh Yarns, Innovative Interiors, Sheshadri Industries, Aananda Lakshmi Spinning Mills, Suryavanshi Industries.
• Arm's length basis; details disclosed in Note 46 and Annexure III.
• As of 31-03-2026, outstanding balances: Rishikesh Yarns 35.21 Lakhs; Innovative Interiors 1.50; Sheshadri 5.77 Lakhs.

Audit & internal controls

• Statutory auditors KS Rao & Co; qualified opinion due to long-pending payables ₹205.39 Lakhs.
• Unpaid statutory dues: TDS ₹1.38 Lakhs; Provident Fund ₹3.47 Lakhs outstanding.
• Material weakness: no comparative quotes for related party transactions; internal controls improvements noted.
• Secretarial audit MR-3; Annexure I; no qualifications reported.

Industry context & outlook

• Textile industry prospects: growth in India, exports rising; PM MITRA initiatives supported.
• Indian textile exports FY26: ₹3,16,334.9 Crore; 2.1% growth; cotton yarn market growth forecast.
• Outlook: global GDP 3.1% in 2026; India ~6.6% in 2026-27; energy and supply risks persist.
• Opportunities: China Plus One, technology upgrades, value-added textile segments.

Energy, technology & CSR (Annexure II)

• Energy conservation: no specific investments reported.
• Technology absorption: no imported technology; no R&D spend.
• Foreign exchange earnings and outgo: NIL.

Resignation of Company Secretary

• Rishabh Jain resigns as Company Secretary; effective 12 August 2026 for personal reasons.

Appointment of Company Secretary

• Ms. Pratyansha Pandey appointed Company Secretary effective 12 August 2026.
• Qualifications: CS, LL.B, B.Com.

Meeting Details

• Board meeting on 12 August 2026 at the Registered Office.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window closed and remains in effect until 48 hours after the unaudited results announcement.