Bannari Amman Spinning Mills Limited has declared a dividend of ₹0.25 per share for the financial year 2025-26. The dividend, equivalent to 5% on equity share capital, is subject to shareholder approval at the 36th Annual General Meeting scheduled for Monday, August 10, 2026. The register of members and share transfer books will remain closed from August 4, 2026 to August 10, 2026 to determine shareholder eligibility.

The company has fixed the cut-off date for remote e-voting as August 3, 2026. Remote e-voting will be available from Friday, August 7, 2026 (10.00 AM IST) to Sunday, August 9, 2026 (5.00 PM IST). The dividend payment is scheduled to be made on or before September 8, 2026. Mr. R Dhanasekaran has been appointed as the Scrutinizer for the remote e-voting process.

AGM and Book Closure Details

The Annual General Meeting will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The book closure period is from August 4, 2026 to August 10, 2026. The key business items include the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of the dividend on equity shares.

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.