Katare Spinning Mills Limited has announced that its board of directors will meet on Saturday, May 30, 2026, to discuss the company's financial performance. The meeting is scheduled to take place at 4:30 p.m. at the registered office located in Solapur.

Agenda for the Meeting

The primary agenda for the board meeting is to consider the audited standalone financial results of the company. Specifically, the directors will review the financials for the quarter and the fiscal year ended on March 31, 2026. This disclosure is being made in compliance with Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In conjunction with the board meeting, the company has informed the stock exchanges about the closure of the trading window. This restriction applies to all promoters, directors, officers, and designated persons of the company, as well as their immediate relatives. The window will remain closed to ensure compliance with regulatory norms regarding insider trading.

Key Dates and Details

The intimation was addressed to the Manager of the Compliance Department at the Bombay Stock Exchange Limited, where the company is listed under the scrip code 502933.

Katare Spinning Mills Limited has declared to the Bombay Stock Exchange that SEBI Regulation 24(A) concerning the Annual Secretarial Compliance Report is not applicable to the company. The Solapur-based textile manufacturer submitted this declaration on April 11, 2026, citing specific financial thresholds that exempt it from mandatory compliance requirements.

Financial Position and Exemption Criteria

The company's exemption claim is based on its financial position as on March 31, 2025. Katare Spinning Mills reported a paid-up capital of Rs. 2.85 crore and a net worth of Rs. 2.73 crore, both significantly below the Rs. 25 crore threshold required for mandatory compliance under SEBI regulations.

Three-Year Financial Trend Analysis

A chartered accountant certificate from Dinesh A. Tulshigar reveals the company's financial trajectory over three consecutive years. The analysis shows a declining trend in the company's net worth position.

Regulatory Exemptions Claimed

Based on its financial position, Katare Spinning Mills has claimed exemption from multiple SEBI regulations. The company stated that compliance under regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 is not applicable.

Company Background

Katare Spinning Mills Limited operates from its registered office at Katare Complex, Raviwar Peth, Solapur, with manufacturing facilities at Kamala Nagar, Tamalwadi. The company is incorporated under CIN L17119PN1980PLC022962 and trades on BSE under scrip code 502933. Managing Director Kishore Katare signed the declaration submitted to the stock exchange.

The declaration was supported by a net worth certificate issued by chartered accountant Dinesh A. Tulshigar on July 11, 2025, providing the necessary documentation for the regulatory exemption claim.