Niwas Spinning Mills Limited reported a net profit of ₹7.1 crore for the quarter and year ended March 31, 2026 (Q4FY26/FY26), a sharp rise from ₹24.7 lakh in the corresponding period last year.

The Solapur-based textile firm’s results were heavily influenced by non-operating factors. Total revenue reached ₹838.1 lakh for FY26, compared to ₹20.4 lakh in FY25. Operating revenue from core textile operations remained negligible at ₹65.9 lakh for the year.

Financial Performance

The company posted a profit before tax of ₹720.6 lakh in FY26, against ₹24.7 lakh in FY25. This included exceptional items worth ₹58.3 lakh. Current tax expense was ₹10 lakh. Earnings per share stood at ₹5.04, up from ₹0.01 in the previous fiscal year.

Balance Sheet & Cash Flows

As of March 31, 2026, total assets stood at ₹466.9 crore, a significant increase from ₹166.2 crore in FY25. This expansion was driven by a rise in current assets, particularly current investments (₹291.4 crore) and trade receivables (₹69.2 crore). Property, plant, and equipment decreased to ₹76.9 crore from ₹662.7 crore, reflecting asset disposals.

Cash flows from operating activities were negative at ₹(382.8) lakh, primarily due to changes in working capital and a loss on the sale of scrap recorded as an adjustment. Investing activities generated positive cash flow of ₹801.2 lakh, largely from the sale of fixed assets. Financing activities saw a net outflow of ₹65.4 lakh, including repayment of short-term borrowings.

What the Numbers Show

The financial results reveal a near-total reliance on non-operational income for profitability. Other income contributed ₹772.2 lakh to the total revenue of ₹838.1 lakh, accounting for approximately 92% of the top line. Meanwhile, revenue from core operations remained minimal at ₹65.9 lakh. This divergence suggests that the reported profit growth is not driven by operational efficiency or sales volume but by external financial events, such as asset sales or investment gains, rather than core business performance.

Niwas Spinning Mills Ltd has set September 29, 2026, as the record date for determining shareholder eligibility for its upcoming Annual General Meeting. The company also confirmed that the Board of Directors has not recommended any dividend for the fiscal year ended March 31, 2026.

The AGM is scheduled to take place on Tuesday, September 29, 2026, at 10:30 am at B-2/2, M.I.D.C., Akkalkot Road, Solapur. Shareholders holding shares on the record date will be eligible to attend and vote.

Book Closure and E-Voting Details

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company will close its Register of Members and Register of Transfer from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive).

Members can exercise their voting rights through remote e-voting. The cut-off date for determining eligibility to vote via this facility is September 22, 2026. This provision aligns with Section 108 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI LODR Regulations.

Previous Board Meeting Outcomes

This disclosure follows a Board of Directors meeting held on August 31, 2026, which concluded at 5:05 pm at the company's registered office in Solapur. During that session, Vijay Ramniwas Jaju, Managing Director, signed the outcome letter notifying the Bombay Stock Exchange.

The Board transacted the following businesses during the August 31 session:

• Approved the Directors Report for the year ended March 31, 2026
• Approved the Secretarial Audit Report for the year ended March 31, 2026
• Approved the notice of the forthcoming Annual General Meeting
• Approved the appointment of scrutinizers for the AGM