Suryavanshi Spinning Mills Ltd

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.

Suryavanshi Spinning Mills Ltd. Trading window closed from July 1, 2026 until 48 hours after announcement of Unaudited Financial Results for the quarter ended June 30, 2026.

Share disposal under SEBI Reg 29(2)

• Disposal disclosure filed under Regulation 29(2) SEBI Takeovers by Westend Developers Limited.
• Disposal quantity 240,480 shares in Suryavanshi Spinning Mills Limited.
• Date of disclosure: 30 June 2026; filed with BSE.
• Annexure provides pre- and post-disposal holdings and voting-right details.
• Seller is public shareholder Westend Developers Limited; target is Suryavanshi Spinning Mills Limited.
• Governing regulation: SEBI Takeovers Regulations 2011.

PIT 7(2) Form C disclosures

• Disclosure under PIT Regulations 2015 received from designated persons.
• Form C relates to acquisition of the company's equity shares.
• Date of disclosure: 30 June 2026.

Promoter acquisition under Reg 29(2)

• Subject: Reg 29(2) promoter disclosure for Suryavanshi Spinning Mills (514140).
• Pre-acquisition voting rights: 20,79,253 shares, 42.36%.
• Acquired 2,40,480 voting shares; post-holding 23,19,733 shares, 47.26%.
• Mode: Off-market acquisition.
• Date of acquisition: 30 June 2026; place: Hyderabad.
• Equity capital before/after: Rs 4,90,85,760 (49,08,576 shares).
• Scrip code: 514140; listed on BSE.

Financial Performance 📊

• Q3 FY26 revenue from operations was ₹208.39 lakh, up 53% QoQ, down 13.7% YoY.
• Q3 FY26 total income stood at ₹249.63 lakh versus ₹137.60 lakh in Q2 FY26.
• Q3 FY26 EBITDA loss narrowed to ₹13.93 lakh from ₹53.20 lakh in Q2 FY26.
• Q3 FY26 net profit was ₹265.09 lakh, reversing losses of ₹90.37 lakh in Q2 FY26.
• 9M FY26 revenue from operations was ₹516.79 lakh, up from ₹42.79 lakh in 9M FY25.
• 9M FY26 net profit was ₹152.88 lakh versus a loss of ₹506.89 lakh in 9M FY25.

Operations & Assets 🧱

• Spinning division discontinued from Nov 1, 2023, reported ₹443.84 lakh income and ₹136.08 lakh loss before tax in 9M FY26.
• Non-current assets held for sale valued at ₹224.22 lakh due to spinning division discontinuation.
• Board resolved to dispose non-current assets of spinning division due to unviability.

Capital & Equity 🧾

• EPS for Q3 FY26 was ₹5.40 (basic and diluted) combining continuing and discontinued operations.
• Paid-up equity share capital stood at ₹490.85 lakh with face value ₹10 per share.

Risks & Audit ⚠️

• Accumulated losses were ₹2,421.98 lakh as of Dec 31, 2025; current liabilities exceed current assets.
• Referral commission of ₹49.82 lakh recognized without agreement, overstating Q3 profit.
• Interest expense includes ₹10.18 lakh provision without agreement.
• Auditor issued limited review with emphasis on referral commission and interest provision notes.

Corporate Actions & Governance 🗓️

• Board approved Q3 FY26 unaudited results on January 29, 2026.
• Financials prepared on going concern basis considering market value of immovable properties.

Financial Performance 📊

• Approved unaudited standalone financial results for quarter ended December 31, 2025, with limited review report.
• Reported total comprehensive income of ₹265.09 lakhs for the quarter ended December 31, 2025.
• Loss from discontinued spinning division operations was ₹152.87 lakhs for nine months ended December 31, 2025.
• Company has accumulated losses of ₹2,421.98 lakhs as of December 31, 2025; financials prepared on going concern basis.

Discontinued Operations & Assets 📍

• Spinning division discontinued effective November 1, 2023, due to continued cash losses.
• Non-current assets held for sale valued at ₹224.22 lakhs as of December 31, 2025.

Audit & Accounting Disclosures ⚠️

• Referral commission of ₹49.82 lakhs recognized without agreement, overstating quarterly profit.
• Interest expense includes ₹10.18 lakhs provided without agreement.
• Statutory auditors issued limited review report emphasizing referral commission and interest provision disclosures.

🗓️ Meeting Details

• Board meeting scheduled for 29 January 2026 at the Registered Office of the Company.

📊 Key Agenda Items

• Approval of unaudited financial results for the quarter ended 31 December 2025.