Promoters of Girnar Spintex Industries Limited have confirmed that no equity shares held by them were pledged or encumbered during the financial year ended March 31, 2026. Deepak Choudhari and Jitendrakumar Chopra submitted the declaration to BSE Limited and National Stock Exchange of India Limited on April 3, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure provides clarity on the holding status of the promoters, who acquired the company under the Insolvency Resolution Process pursuant to a National Company Law Tribunal (NCLT) order dated July 31, 2018.

The filing outlines the shareholding details of the promoters and persons acting in concert. The total promoter holding stands at 29,04,969 equity shares. The declaration follows the extinguishment of the shareholding of erstwhile promoters and the allotment of shares to the new promoters as envisaged in the approved Resolution Plan.

Shareholding Details

The breakdown of the shareholding declared by the promoters is as follows:

Procedural Status

Girnar Spintex Industries Limited, formerly known as Amit Spinning Industries Limited, has filed the necessary forms with the Registrar of Companies, Pune. However, the company noted that corresponding compliances and corporate actions with CDSL, NSDL, and the stock exchanges are currently in process due to procedural issues at the respective authorities. Consequently, while the depository records do not yet reflect the names of Choudhari and Chopra as promoters, they are recognized as such by the Registrar of Companies, necessitating this disclosure.

Girnar Spintex Industries Limited has approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The company reported a total revenue of ₹12,583.65 lakh for the financial year, an increase from ₹10,529.98 lakh in the previous year. Profit for the period from continuing operations for the year stood at ₹587.92 lakh, compared to ₹393.09 lakh in the prior year. The Board of Directors concluded the meeting on June 3, 2026, following adjournments from May 30, 2026, to finalize the audit procedures.

The statutory auditors, M/s. Nenawati and Associates Chartered Accountants, issued an Audit Report with an unmodified opinion on the financial results. The company noted that no provision for current tax was made for the current period due to the utilization of brought forward tax losses from previous years. Girnar Spintex confirmed that there were no outstanding defaults on loans or debt securities as of the financial year end.

Financial Performance

The company stated it is exempt from compliance with regulations relating to Related Party Transactions pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deepak Choudhari, Managing Director, signed the intimation submitted to the stock exchanges on behalf of Girnar Spintex Industries Limited (formerly known as Amit Spinning Industries Limited).