Hisar Spinning Mills concluded its 34th Annual General Meeting on September 30, 2026, at its registered office in Hisar, with all four resolutions passed with requisite majority via poll.

The meeting was chaired by Mithlesh Kumar Gupta, Chairman and Independent Director. A total of 46 members participated, comprising 44 in-person attendees and 2 participants via e-voting. Of the 9,650 shareholders on record as on September 23, 2026, in-person attendees included 27 from the promoter and promoter group and 17 from the public. No shareholders attended via video conferencing.

Resolutions passed

Shareholders considered and passed resolutions under both ordinary and special business categories. The audited financial statements for FY26 were adopted, and Mrs. Sapna Kansal was reappointed as Director following her retirement by rotation. Under special business, members approved increases in remuneration for two key personnel effective August 1, 2026: Naveen Kansal, Chief Executive Officer and husband of Whole Time Director Sapna Kansal, and Sapna Kansal in her capacity as Whole Time Director.

Voting results

Scrutinizer Sanjiv Kumar Goel, a Company Secretary in practice, submitted his report on October 1, 2026, covering votes cast through e-voting and physical poll. The e-voting period ran from September 27, 2026 (9:00 am) to September 29, 2026 (5:00 pm) via the Central Depository Services (India) Limited platform. The following table presents the consolidated voting outcome for each resolution.

For each resolution, 45 members voted in favour (1 via e-voting, 44 via physical poll), while 1 member voted against via e-voting. No invalid votes were recorded for any resolution.

Attendance and governance

The company utilised remote e-voting facilities in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results and the scrutinizer report were filed with Bombay Stock Exchange Limited on October 1, 2026, signed by Managing Director Anurag Gupta.

Directors present included Mithlesh Kumar Gupta, Anurag Gupta, Sudesh Kumar Garg, Sandeep Suri, Sapna Kansal, and Nikhil Goel. Representatives from statutory auditors Jain & Anil Sood Chartered Accountants and secretarial auditor Sanjiv Kumar Goel were also in attendance.

Hisar Spinning Mills reported a 13% increase in net profit to ₹330.60 lakh for the financial year ended March 31, 2026 (FY26). The company has scheduled its 34th annual general meeting for September 30, 2026.

Financial Performance

The textile manufacturer saw its profit before tax rise to ₹433.94 lakh from ₹401.27 lakh in FY25. This improvement was supported by a reduction in finance costs to ₹33.06 lakh from ₹36.16 lakh, despite a significant increase in depreciation expense to ₹220.71 lakh from ₹130.50 lakh.

Revenue from operations stood at ₹4,410.94 lakh, down from ₹4,487.79 lakh in FY25. However, the operating profit margin expanded to 10.73% from 9.73%, reflecting improved cost efficiency. Other income increased to ₹38.06 lakh from ₹21.18 lakh, primarily driven by higher interest income on financial assets.

Balance Sheet Strength

The company significantly reduced its debt burden during the year. Total borrowings fell to ₹353.37 lakh from ₹718.92 lakh in FY25, leading to a sharp decline in the debt-to-equity ratio to 0.12 from 0.29. Cash and cash equivalents decreased to ₹232.46 lakh from ₹449.41 lakh, while total current assets remained robust at ₹2,249.97 lakh.

Corporate Actions

Hisar Spinning Mills has scheduled its 34th annual general meeting for September 30, 2026, at 10:00 am at its registered office in Hisar. The register of members will remain closed from September 23 to September 28, 2026, to determine eligible shareholders.

Members holding shares as of the cut-off date of September 23, 2026, can exercise remote e-voting through Central Depository Services Limited (CDSL). The e-voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm.

The AGM agenda includes:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mrs. Sapna Kansal as director.
• Approval of remuneration increases for Chief Executive Officer Mr. Naveen Kansal and Whole Time Director Mrs. Sapna Kansal to ₹2,75,000 per month effective August 1, 2026.

No dividend was recommended for FY26 as the board decided to retain profits to conserve resources. The company continues to focus on operational efficiency and sustainability initiatives amidst global textile industry challenges.