Rajender Kumar Agarwal, Promoter and Managing Director of Suryavanshi Spinning Mills Limited, has increased his shareholding in the company by acquiring 2,40,480 equity shares via an off-market transaction. This acquisition, executed on June 29, 2026, raises Agarwal's total stake to 47.26% of the company's total voting capital, strengthening his control over the textile manufacturer. The transaction was disclosed to the stock exchange in compliance with regulatory requirements governing substantial acquisitions of shares.

The shares were disposed of by Westend Developers Limited, a public shareholder, which held 4.90% of the total voting capital prior to the sale. Following the disposal, Westend Developers Limited's holding in Suryavanshi Spinning Mills Limited reduced to zero. The off-market transfer was settled on June 29, 2026, and reported to BSE Limited on June 30, 2026.

Prior to the acquisition, Agarwal held 20,79,253 shares, representing 42.36% of the total voting capital. Following the purchase of 2,40,480 shares, his holding has increased to 23,19,733 shares. The equity share capital of Suryavanshi Spinning Mills Limited stands at ₹4,90,85,760, divided into 49,08,576 equity shares of ₹10 each.

The filing was submitted to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and shareholders to disclose changes in their shareholding to ensure transparency in the market. The mode of acquisition was specified as off-market, and there were no changes reported in the encumbered shares or other instruments such as warrants or convertible securities.

Shareholding Details

The following table outlines the changes in Rajender Kumar Agarwal's shareholding in Suryavanshi Spinning Mills Limited:

Suryavanshi Spinning Mills Limited, a government-recognised export house, is headquartered in Secunderabad, Telangana. The company operates in the textile sector and is registered with the Corporate Identification Number (CIN) L14220TG1978PLC002390.

Suryavanshi Spinning Mills Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a turnaround in its financial performance, posting a net profit of ₹132.23 lakh for the full year, a significant improvement from the net loss of ₹167.89 lakh recorded in the previous fiscal year.

Financial Performance Overview

The company's revenue from operations for the year ended March 31, 2026, stood at ₹692.03 lakh, a sharp increase compared to ₹111.19 lakh in the prior year. Total income for the period rose to ₹700.00 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹60.61 lakh, while revenue from operations for the quarter was ₹175.24 lakh.

The board of directors, in its meeting held on May 20, 2026, approved the audited financial results along with the balance sheet and cash flow statement. Additionally, the board appointed M/S. LANS & Co. as the internal auditor of the company for the financial year 2026-27.

Key Financial Metrics

The following table outlines the key financial figures for Suryavanshi Spinning Mills Limited for the year ended March 31, 2026, compared to the previous year:

Operational and Strategic Updates

The company continues to face challenges related to accumulated losses, which stood at ₹2,482.58 lakh as of March 31, 2026. Despite current liabilities exceeding current assets, the financial statements have been prepared on a going concern basis, considering the market value of the company's immovable properties.

The board had previously resolved to discontinue the operations of its spinning division effective November 1, 2023, due to continued cash losses. Consequently, the non-current assets of this division have been classified as assets held for sale as of March 31, 2026. The financial performance of the spinning division is presented as discontinued operations in the statement of profit and loss.