Niwas Spinning Mills Ltd will convene its Board of Directors on August 31, 2026, to approve the annual report for the fiscal year ended March 31, 2026. The meeting is scheduled for 4:30 pm at the company's registered office in Solapur.

The agenda includes approving the Directors Report and the Secretarial Audit Report for FY26. The Board will also finalize the notice for the forthcoming Annual General Meeting and appoint scrutinizers for the event.

Vijay Ramniwas Jaju, Managing Director, signed the intimation letter dated August 25, 2026. The company notified the Bombay Stock Exchange regarding the proposed meeting schedule.

Meeting Agenda

The key items for consideration include:

• Approval of the Directors Report for the year ended March 31, 2026
• Approval of the Secretarial Audit Report for the year ended March 31, 2026
• Finalization of the Annual General Meeting notice
• Appointment of scrutinizers

Niwas Spinning Mills Ltd reported a net profit of ₹710.55 lakh for the financial year ended March 31, 2026, a significant increase from ₹2.47 lakh in the previous year. The company's total revenue for the year surged to ₹838.14 lakh, primarily driven by other income which amounted to ₹772.22 lakh. The Board of Directors, led by Managing Director Vijay Jaju, approved the audited financial results on May 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹700.06 lakh on a total revenue of ₹772.86 lakh. Revenue from operations for the quarter was ₹65.92 lakh, while other income contributed ₹706.94 lakh. In comparison, the company reported a net profit of ₹3.77 lakh for the quarter ended March 31, 2025. The statutory auditors, ABNJ & Co., carried out a limited review of the financial results and confirmed that the financial statements give a true and fair view of the company's state of affairs as at March 31, 2026.

Financial Performance

The company's financial performance for FY26 was marked by a substantial increase in profitability. The profit before exceptional items and tax for the year stood at ₹778.88 lakh, up from ₹2.47 lakh in the previous year. Exceptional items for the year amounted to ₹58.33 lakh.

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹4,66,99,030. Current assets constituted the majority of the total assets at ₹4,59,19,846, which included current investments of ₹2,91,36,031 and cash and cash equivalents of ₹63,33,632. The shareholders' funds amounted to ₹1,31,80,065, comprising equity share capital of ₹14,08,93,930 and reserves.

Regulatory Compliance

The company submitted the audited financial results to the Bombay Stock Exchange Ltd. under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors confirmed that no funds were advanced or invested by the company to any other persons or entities, and no funds were received from any persons or entities. Additionally, the company stated that no dividend was declared or paid during the year.