Amarjothi Spinning Mills reported a consolidated net profit of ₹322.75 lakh for the quarter ended June 30, 2026, marking a 24.2% year-on-year increase from ₹259.77 lakh in Q1FY26. Consolidated revenue from operations surged 43.9% to ₹7,561.63 lakh, driven by higher material consumption and inventory adjustments. The Board of Directors, meeting on July 27, 2026, also approved the re-appointment of key executives and corrected a prior filing error regarding comparative figures.

The standalone net profit stood at ₹308.61 lakh, up 21.2% YoY from ₹254.58 lakh. Standalone revenue from operations grew 8.9% to ₹5,314.86 lakh. Statutory Auditors V Narayanaswami & Co reviewed the unaudited results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates solely in the yarn manufacturing segment.

Financial Performance Highlights

Consolidated other income remained stable at ₹9.69 lakh. Total expenses rose to ₹7,180.24 lakh from ₹4,944.13 lakh, primarily due to higher cost of materials consumed at ₹4,515.78 lakh compared to ₹2,553.53 lakh in the prior year quarter. Finance costs increased slightly to ₹228.50 lakh from ₹188.62 lakh.

Corporate Governance and Appointments

The Board approved the re-appointment of Sri.R.Premchander (DIN: 00390795) as Managing Director for five years commencing September 1, 2026. He is not liable to retire by rotation. Similarly, Sri.R.Jaichander (DIN: 00390836) was re-appointed as Whole Time Director for five years starting December 1, 2026. Both appointments are subject to shareholder approval at the Annual General Meeting (AGM).

The AGM date has been rescheduled to August 28, 2026, from August 27, 2026. The book closure period is August 22–28, 2026, with a record date of August 21, 2026, for dividend entitlement. Non-Executive Director Narayanasamynaidu Radhakrishnan (DIN: 00390913), liable to retire by rotation, was also recommended for re-appointment.

Correction of Prior Filing

The company disclosed a typographical error in the PDF Consolidated Profit & Loss sheet submitted on May 29, 2026. The previous year comparative figures for March 2025 had incorrectly displayed March 2024 values. The XBRL filing submitted earlier contained correct figures and requires no revision. Revised consolidated results were published in Trinity Mirror and MakkalKural on July 28, 2026.

What the Numbers Show

The divergence between consolidated and standalone revenue growth highlights the significant contribution of subsidiary RPJ Textiles Limited. While standalone revenue grew modestly at 8.9%, consolidated revenue jumped 43.9%, indicating robust performance or higher consolidation impact from the subsidiary. Inventory changes contributed positively to standalone results (-₹909.20 lakh reduction in costs) but negatively impacted consolidated results (+₹734.09 lakh increase), suggesting differing inventory management dynamics across entities.

Amarjothi Spinning Mills clarified to BSE regarding the delayed submission of prior intimations for Board Meetings held on January 5 and March 16, 2026. The company stated that the delays were due to inadvertence in calculating trading holidays. It has undertaken to ensure compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in future submissions.

In a communication dated June 19, 2026, the company addressed the exchange's query received on June 18, 2026. Amarjothi Spinning Mills informed BSE that it had submitted prior intimation for the January 5 meeting on January 2, 2026. However, the Board discussed the approval of a Postal Ballot Notice for the appointment of a director, a matter not covered under points (a) to (h) of Regulation 29(1) of SEBI (LODR) Regulations, 2015.

Regarding the Board Meeting held on March 16, 2026, the company submitted prior intimation on March 12, 2026. The Board discussed the appointment of a cost auditor, internal auditor, and the reconstitution of committees. The company clarified that prior intimation for these specific matters was not required under Regulation 29(1).

The company explained that the delay occurred because trading holidays were not included in the calculation of the two working days' advance notice period. Going forward, Amarjothi Spinning Mills stated it will calculate the period including trading holidays to ensure timely submission of all prior intimations.

Key Disclosures

Mohana Priya M, Company Secretary, signed the clarifications on behalf of Amarjothi Spinning Mills. The company requested BSE to take the submissions on record and sought guidance on whether prior intimations for the specified matters could be submitted voluntarily under Regulation 29.