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.

Maris Spinners Limited has scheduled the closure of its register of members from August 14, 2026, to August 20, 2026, to determine shareholder eligibility for its 47th Annual General Meeting. The meeting is set to take place on August 20, 2026. This book closure period is crucial for shareholders to ensure their names appear in the records to participate and vote in the upcoming AGM.

The Board of Directors approved the dates during a meeting held on May 28, 2026. Consequently, the cutoff date for e-voting has been fixed for August 13, 2026. Shareholders must cast their electronic votes before this deadline to ensure their participation is counted.

Key AGM Dates

The company has communicated these dates to BSE Limited in compliance with Listing Regulation 42. The intimation was formally submitted by N Sridharan, Company Secretary and Compliance Officer, for the records of the stock exchange.