Katare spinning mills Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the confirmation certificate on April 7, 2026, through a formal communication signed by Managing Director Kishore Katare. The submission was made in accordance with Regulation 74(5) of the SEBI regulations, which mandates quarterly reporting of dematerialization activities.

Registrar and Transfer Agent Confirmation

MUFG Intime India Private Limited, formerly known as LinkIntime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The RTA issued the confirmation certificate on April 6, 2026, one day prior to the company's submission to the stock exchange.

The certificate confirms that:

• Securities received from depository participants for dematerialization during Q4FY26 were properly processed
• All securities were confirmed or rejected to depositories within prescribed timelines
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners

Company Information

Katare Spinning Mills Limited operates from its registered office at "Katare Complex" in Solapur, Maharashtra, with manufacturing facilities located at "Kamala Nagar", Tamalwadi. The company, incorporated in 1980, maintains its corporate identity number as L17119PN1980PLC022962.

SEBI Compliance Framework

The submission represents part of the ongoing regulatory compliance requirements under SEBI's depositories and participants regulations. These quarterly confirmations ensure transparency in the dematerialization process and maintain investor confidence in the securities market infrastructure.

MUFG Intime India Private Limited, holding SEBI registration number INR000004058, continues to provide registrar services while ensuring adherence to all regulatory timelines and procedures for the textile manufacturing company.

Katare Spinning Mills Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showing a narrowed net loss despite declining revenues. The Solapur-based textile manufacturer reported improved bottom-line performance compared to the previous year, though operational challenges persist across its business segments.

Financial Performance Overview

The company's financial metrics for Q3 FY26 demonstrate mixed results with loss reduction but revenue contraction:

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's performance showed similar trends with reduced losses but lower revenues. Revenue from operations declined to ₹180.97 lakhs from ₹373.06 lakhs in the corresponding period of FY25. The net loss for nine months stood at ₹88.19 lakhs compared to ₹130.18 lakhs in the previous year, representing a 32.3% improvement in loss reduction.

Segment-wise Business Performance

The company operates through two primary business segments with varying performance levels:

The cotton yarn manufacturing segment, which forms the core business, experienced significant revenue decline from ₹197.10 lakhs to ₹86.67 lakhs. The solar power generation segment showed marginal growth in revenue from ₹13.78 lakhs to ₹14.99 lakhs.

Expense Management and Cost Structure

Total expenses for Q3 FY26 decreased to ₹135.34 lakhs from ₹251.99 lakhs in Q3 FY25. Key expense components included depreciation and amortisation expenses of ₹32.79 lakhs, other expenses of ₹42.92 lakhs, and employee benefits expense of ₹5.07 lakhs. The company reported changes in inventories of work-in-progress and finished goods amounting to ₹54.43 lakhs during the quarter.

Balance Sheet and Cash Flow Position

As of December 31, 2025, the company maintained total assets of ₹11,935.04 lakhs compared to ₹12,069.45 lakhs as of March 31, 2025. The company's cash and cash equivalents stood at ₹8.28 lakhs. Net cash flow from operating activities showed positive generation of ₹25.54 lakhs for the nine-month period, indicating improved operational cash management despite the reported losses.

Board Approval and Compliance

The Board of Directors approved these unaudited financial results at their meeting held on February 6, 2026. The results were reviewed by the Audit Committee and subjected to limited review by the company's statutory auditors. The company continues to comply with Indian Accounting Standards (Ind AS) and SEBI listing regulations for financial reporting.