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.

Bannari Amman Spinning Mills has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Friday, May 29, 2026. The meeting has been convened, among other matters, to consider and approve the audited financial results of the company for the year ended March 31, 2026. The intimation was filed by the company's Company Secretary, N. Krishnaraj, on May 14, 2026.

Board Meeting Details

The following key matters are scheduled to be taken up at the Board meeting:

Dividend Consideration

The company has also informed the exchanges that the recommendation of dividend, if any, for the financial year 2025-2026 will be considered at the same Board meeting on May 29, 2026. No specific dividend amount or rate has been indicated at this stage.

Trading Window Closure

In line with applicable regulations, Bannari Amman Spinning Mills had previously communicated via letter reference BASML/SEC/1265/SE's/2025-26 dated March 23, 2026, that the trading window of the company would remain closed until the end of 48 hours after the declaration of the audited financial results for the year ended March 31, 2026. Accordingly, the trading window closure is in effect from April 1, 2026 to May 31, 2026 (both days inclusive).

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited, as required under Regulation 30 of the applicable listing regulations.