Pasupati Spinning director Umesh Chandra Tripathi resigns

Umesh Chandra Tripathi resigned as an Independent Director of pasupati spinning & weaving mills effective June 13, 2026, due to personal reasons. Consequently, he ceased to be a member of the Audit Committee and Nomination and Remuneration Committee of the company. The resignation was intimated to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was tendered via a letter dated June 13, 2026, and took effect from the close of business hours on the same day. Tripathi confirmed that there were no material reasons other than those stated in his letter for resigning from the Board. He also stated that he was neither a director nor a member of any committee in any other listed entity as of the resignation date.

Resignation Details

The company provided the following details regarding the change in directorship:

Particulars	Description
Reason for change	Resignation of Mr. Umesh Chandra Tripathi (DIN: 08364163) as an Independent Director of the Company, with effect from closing of business hours of 13/06/2026
Date of cessation	Cessation w.e.f closing of business hours of June 13, 2026
Names of listed entities where director holds directorships	NIL
Confirmation on material reasons	The required confirmation has been provided in the enclosed letter.

The letter of resignation was accepted by Ramesh Kumar Jain, Managing Director of Pasupati Spinning & Weaving Mills Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.03%	+6.55%	-19.72%	-14.73%	+201.68%

Pasupati Spinning and Weaving Mills reported a net profit of ₹2.37 crore for the financial year ended March 31, 2026, marking a 152% increase from ₹0.94 crore in the previous year. Revenue from operations for the year stood at ₹9,934 lakh, a slight decline from ₹10,050 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹1.90 crore on revenue of ₹2,820 lakh.

The Board of Directors, in its meeting held on May 26, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The meeting also approved the appointment of Mr. Satnam Singh Saggu as the cost auditor and M/s Suresh Kumar Mittal & Company as the internal auditor for the financial year 2026-27, based on the recommendations of the Audit Committee.

Qualified Opinion on Financial Results

B.K. Shroff & Co., the statutory auditor, issued a qualified opinion on the financial results. The qualification arises from the company's claim for additional compensation of ₹614.64 lacs regarding part of its factory land acquired by the government. The management stated that this amount will be accounted for only upon receipt. Had this compensation been recognized, the profit for the year and other current assets would have been higher by the stated amount.

Financial Performance

The company’s total expenses for FY26 decreased to ₹9,757 lakh from ₹10,089 lakh in the previous year. Finance costs for the year were ₹434 lakh, down from ₹487 lakh in FY25. The basic earnings per share (EPS) for FY26 improved to ₹2.37 from ₹0.94 in the prior year.

Standalone Financial Results (₹ in Lacs)

Particulars	Year Ended 31-Mar-26	Year Ended 31-Mar-25
Revenue from Operations	9,934	10,050
Total Revenue	10,074	10,175
Total Expenses	9,757	10,089
Profit before Tax	317	86
Net Profit	222	88
Basic EPS (₹)	2.37	0.94

Segment Performance

The Textiles & Textile Articles segment reported a revenue of ₹9,330 lakh for FY26, while the Logistic & Warehousing Services segment contributed ₹604 lakh. The total capital employed by the company stood at ₹3,365 lakh as of March 31, 2026.