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.

Niwas Spinning Mills Ltd. has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled for Saturday, May 30, 2026. The meeting has been convened to consider and approve the audited financial results of the company for the quarter and year ended March 31, 2026, in compliance with Regulation 29 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The intimation, dated May 16, 2026, was submitted to the Department of Corporate Services at the Bombay Stock Exchange Ltd., Mumbai. The key details of the scheduled board meeting are outlined below:

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window will remain closed for Directors and Designated Persons during the following period:

• Closure Start Date: May 18, 2026
• Closure End Date: May 31, 2026

This measure is a standard regulatory requirement aimed at preventing insider trading ahead of the disclosure of material financial information.

Signatory Details

The intimation has been digitally signed and submitted by the company's Managing Director, as detailed below:

Niwas Spinning Mills Ltd. is headquartered at 406/A, West Mangalwar Peth, Chatti Galli, Solapur – 413 002, and is registered with CIN L17110PN1984PLC032702.