Bannari Amman Spinning Mills Limited has fixed August 3, 2026, as the record date to determine shareholder eligibility for a dividend of ₹0.25 per share. The dividend is equivalent to 5% on the company's Equity Share Capital for the financial year 2025-26 and is scheduled to be paid on or before September 8, 2026. This announcement was made in connection with the company's 36th Annual General Meeting (AGM), which will be held on August 10, 2026, via Video Conferencing and Other Audio-Visual Means.

The Board has fixed the book closure period from August 4, 2026, to August 10, 2026, to determine shareholder eligibility for the dividend and voting. To facilitate participation, the company has established August 3, 2026, as the cut-off date for remote e-voting. Mr. R. Dhanasekaran, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process.

Remote e-voting will commence on August 7, 2026, at 10.00 AM IST and conclude on August 9, 2026, at 5.00 PM IST. Shareholders who cast their votes remotely are permitted to attend the meeting but will not be entitled to vote again. The Register of Members and Share Transfer Books will remain closed during the book closure period.

AGM and Corporate Action Schedule

The Notice of the 36th AGM and the Annual Report for the financial year 2025-26 are accessible on the company's website. Shareholders holding shares in physical or demat mode must ensure their email IDs are registered with the Registrar and Share Transfer Agent or Depository Participant to receive e-voting credentials.

Bannari Amman Spinning Mills Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹1,689.74 lakh compared to a net loss of ₹121.92 lakh in the previous year. Revenue from operations for the year stood at ₹87,032.40 lakh, slightly lower than the ₹88,735.86 lakh recorded in FY25. The turnaround was driven by a sharp reduction in total expenses to ₹85,375.29 lakh from ₹87,742.06 lakh in the prior year, alongside a significant increase in profit before tax to ₹2,366.77 lakh from ₹178.04 lakh.

The Board of Directors approved the audited financial results for the standalone and consolidated entities for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹0.25 per share for the financial year 2025-2026, subject to shareholder approval at the ensuing Annual General Meeting. Additionally, the Board approved the re-appointment of S V Arumugam as Managing Director for a term of three years, effective from June 27, 2026, to June 26, 2029.

Financial Performance

The company’s financial performance for the year ended March 31, 2026, reflects improved operational efficiency. Total income for the year was ₹87,742.06 lakh, down from ₹89,030.12 lakh in the previous year. The reduction in expenses and improved tax management contributed to the return to profitability. The Statutory Auditors, M/s P.N. Raghavendra Rao & Co, issued an unmodified opinion on the standalone and consolidated financial results.

Governance and Capital Structure

The Board approved the appointment of Sri M Nagarajan as the Cost Auditor for the financial year 2026-2027 and re-appointed M/s B M & Associates, Chartered Accountants, as Internal Auditors for the financial year 2026-2029. During the year, the company allotted 41,66,660 Convertible Equity Warrants on a preferential basis to the promoter group. The Board also approved the forfeiture of 42,25,806 share warrants issued on November 4, 2024, due to non-payment of the balance subscription amount. The company reaffirmed its commitment to strong corporate governance practices following a review of communications from stock exchanges regarding Regulation 17(1A) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.