Nitin Spinners Ltd. has announced that its senior management will participate in an investor conference call to discuss Q4FY26 results and future business outlook on May 11, 2026 at 4:00 PM. The conference call is being organized by SMIFS Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The earnings conference call will feature key members of the company's senior management team discussing the quarterly results and providing insights into future business prospects.

Management Participation

The conference call will include participation from the company's top leadership:

Conference Dial-In Information

SMIFS Limited has provided comprehensive dial-in details for investor participation in the earnings call:

Board Meeting Context

This conference call follows the previously announced Board of Directors meeting scheduled for May 8, 2026, where the board will consider and approve the audited financial results for Q4FY26 and the full financial year ended March 31, 2026. The board will also deliberate on the recommendation of final dividend for FY2025-26.

Trading Window Status

As per the company's Code of Conduct for prevention of Insider Trading, the trading window for dealing in securities remains closed for all Directors, Designated Persons, and their immediate relatives until May 10, 2026, extending 48 hours from the time financial results are made public.

Company Information

The company has noted that changes to the conference call schedule may occur due to exigencies on part of the host, company, or participants. SMIFS Limited has designated Awanish Chandra and Karina Raghani as contact persons for RSVP and further queries regarding the conference call.

Nitin Spinners has announced that its Investment Committee has approved the execution of Power Supply Agreement and Share Purchase Agreement with CGE II Hybrid Energy Private Limited, marking a strategic move towards sustainable power generation for its manufacturing operations.

Investment Committee Approval

The Investment Committee of the Board of Directors has formally approved the acquisition deal during a meeting held on March 27, 2026, which commenced at 11:30 AM and concluded at 12:30 PM. This approval represents a significant step in the company's renewable energy strategy.

Investment Structure and Details

The acquisition involves purchasing 95,20,202 equity shares of face value ₹10 each in CGE II Hybrid Energy Private Limited. The target company is a subsidiary of Continuum Green Energy Limited, incorporated on December 2, 2021, specifically formed as a Special Purpose Vehicle for power generation, distribution, transmission and supply of renewable power in Rajasthan.

Target Company Profile

CGE II Hybrid Energy Private Limited operates in the power generation sector with substantial authorized share capital of ₹572.99 crores and paid-up share capital of ₹142.80 crores. The company has reported nil turnover for the financial years 2022-23, 2023-24, and 2024-25, indicating its status as a project development entity.

Strategic Objectives

The acquisition aims to enhance renewable power supply by 10 MW for Nitin Spinners' plants located at Bhanwaria Kalan, Begun, and Chittorgarh in Rajasthan. The Wind Solar Hybrid Project will qualify the company as a captive consumer under the Electricity Act and Rules, providing greater energy security and cost optimization.

Transaction Timeline and Structure

The transaction involves cash consideration to be paid through online banking systems. The deal is subject to customary conditions and is expected to complete on or before September 30, 2026. The acquisition is not classified as a related party transaction, with no promoter or group company interest in the target entity.