Maris Spinners Limited has closed its trading window for designated persons, including directors, effective from July 1, 2026. The restriction will remain in place until 48 hours after the company declares its quarterly financial results for the period ended June 30, 2026. This move is mandated by the company's Internal Code of Conduct for the Prevention of Insider Trading, framed under the SEBI (Prohibition of Insider Trading) Regulation, 2015, as amended in 2018.

The closure of the trading window is a standard compliance procedure implemented to prevent insider trading and ensure market integrity during the period when unpublished price-sensitive information (UPSI) is likely to be possessed by insiders. All designated personnel have been formally intimated not to transact in the company's shares during this specified timeframe.

The decision aligns with regulatory requirements to maintain a level playing field for all investors. The window will reopen only after the financial results are disseminated to the stock exchanges and the mandatory 48-hour cooling-off period has elapsed.

Maris Spinners reported a widened net loss of ₹146.80 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹125.62 lakh in the previous year. The company's revenue from operations decreased to ₹16,837.16 lakh from ₹16,903.04 lakh in FY25, while total income stood at ₹17,517.37 lakh. The Board of Directors approved the audited standalone financial results at its meeting held on May 28, 2026.

The company recorded a total expenditure of ₹17,733.80 lakh for the year, slightly lower than the ₹18,033.68 lakh reported in the previous year. Profit before tax for the period was a loss of ₹216.43 lakh. Basic earnings per share (EPS) for the year was reported at a loss of ₹1.79, compared to a loss of ₹1.89 in the prior year.

Financial Performance

The standalone financial results for the quarter and year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board. The statutory auditors, M/s Raghavan, Chaudhuri & Narayanan, issued an unmodified opinion on the results. The company operates in a single segment, Cotton Yarn.

Board Decisions and Appointments

During the Board meeting, the directors approved the audited accounts, Directors' report, and Balance Sheet for the year ended March 31, 2026. The Board decided not to recommend any dividend for the financial year. Additionally, the Board approved the reappointment of Mr. T Raghuraman as Managing Director for a period of three years, effective from September 23, 2026, to September 22, 2029.

Mr. A. Gopala Iyengar was re-appointed as the Cost Auditor for the financial year commencing on April 1, 2026. The Board also took note of the Annual Secretarial Compliance Report and Secretarial Audit Report for the year ended March 31, 2026.

Corporate Actions

The Board approved the notice convening the 47th Annual General Meeting (AGM) scheduled for August 20, 2026, at 10:00 AM via audio-visual means. The register of members will remain closed from August 14, 2026, to August 20, 2026, with the cutoff date for e-voting set as August 13, 2026.

Regulatory Filing

In compliance with the Listing Regulations, 2015, the company submitted a copy of the newspaper publication of the audited financial results for the year ended March 31, 2026 to the stock exchange on June 3, 2026.