Aananda Lakshmi Spinning Mills AGM on Sep 30: MD reappointment, FY26 net loss of ₹299.11 lakh
- Aananda Lakshmi Spinning Mills Ltd reports a FY26 net loss of ₹299.11 lakh, reversing a ₹308.60 lakh profit in FY25
- Revenue from operations fell 52.8% YoY to ₹203.29 lakh amid declining plot sales
- Discontinued spinning operations incurred a ₹464.25 lakh loss, including ₹363.88 lakh in exceptional write-offs
- AGM on September 30, 2026, will approve MD Devender Kumar Agarwal's five-year reappointment and remuneration
- No dividend declared for FY26; related-party transaction approvals sought up to ₹27 crore

*this image is generated using AI for illustrative purposes only.
Aananda Lakshmi Spinning Mills Limited will convene its 13th Annual General Meeting on September 30, 2026, at the Incredible One Hotel in Secunderabad. The meeting agenda includes the adoption of financial statements for FY26 and the reappointment of Managing Director Devender Kumar Agarwal for a five-year term.
The company reported a net loss of ₹299.11 lakh for the fiscal year ended March 31, 2026, a reversal from the net profit of ₹308.60 lakh recorded in FY25. Revenue from operations contracted significantly to ₹203.29 lakh from ₹430.84 lakh in the prior year.
Financial Performance
The decline in profitability was driven by lower operational revenue and significant losses from discontinued operations. The spinning division, discontinued since September 2020 due to unviability, contributed a loss of ₹464.25 lakh in FY26 compared to ₹29.52 lakh in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹203.29 lakh | ₹430.84 lakh | -52.8% |
| Profit Before Tax (Continuing) | ₹168.21 lakh | ₹338.12 lakh | -50.2% |
| Net Loss (Total) | ₹299.11 lakh | ₹308.60 lakh profit | N/A |
Continuing operations generated a profit before tax of ₹168.21 lakh, supported by other income of ₹45.96 lakh, which rose sharply from ₹0.93 lakh in the previous year. The company did not declare any dividend for FY26.
What the Numbers Show
The financial data reveals a divergence between continuing and discontinued operations. While the active real estate and trading segments remained profitable with a pre-tax margin of approximately 83% on continuing operations revenue, the legacy spinning division's liabilities—including exceptional write-offs of ₹363.88 lakh—dragged down overall performance. This highlights the ongoing financial drag from the discontinued unit despite its cessation of commercial activity years ago.
Corporate Governance and AGM Details
Shareholders will vote on the reappointment of Mr. Agarwal as Managing Director and CFO until September 2, 2031. His proposed remuneration includes a basic salary of ₹1.25 lakh per month and a commission capped at 1% of net profits or 50% of basic salary, whichever is lower.
The Board also seeks approval for related-party transactions totaling ₹27 crore with entities including Suryavanshi Spinning Mills Limited and Sheshadri Industries Limited. E-voting for the AGM will be open from September 26 to September 29, 2026.
What specific strategic initiatives is the company planning to implement to stabilize its declining operational revenue in the real estate and trading segments?
How will the ₹27 crore related-party transactions with Suryavanshi Spinning Mills and Sheshadri Industries impact the company's liquidity and future debt obligations?
What measures are being taken to fully resolve the lingering liabilities and exceptional write-offs associated with the discontinued spinning division?



























