Sambandam Spinning Mills Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹574.20 lakh for the full year, narrowing from a net loss of ₹743.31 lakh in the previous year. For the quarter ended March 31, 2026, the net loss was ₹295.23 lakh.

Revenue from operations for the year ended March 31, 2026, stood at ₹26,366.45 lakh, a decrease from ₹26,848.10 lakh in the prior year. Total income for the period was ₹26,500.98 lakh. The company's total expenses for the year amounted to ₹27,247.60 lakh, down from ₹28,011.84 lakh in the previous fiscal year.

Financial Performance

The board approved the financial results at its meeting held on May 23, 2026. The statutory auditors, M/s P.N. Raghavendra Rao & Co, issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The company noted that it has classified certain assets as held for sale, resulting in no depreciation charge of ₹71.12 lakh for the period ended March 31, 2026, on those assets.

Board Decisions

In addition to the financial results, the board resolved to appoint M/s K.S.G. Subramanyam & Co as the Internal Auditor for FY 2026-27. Dr. C. Dhanapal was appointed as the Cost Auditor for the same fiscal year. The company confirmed there are no outstanding defaults on loans and debt securities.

The consolidated financial results, which include the figures of associate SPMM Health Care Services Private Limited, reflected a net loss of ₹566.60 lakh for the year. Total assets as per the consolidated balance sheet stood at ₹26,031.62 lakh as of March 31, 2026.

Sambandam Spinning Mills has notified the Bombay Stock Exchange (BSE) of a forthcoming Board of Directors meeting, scheduled for Saturday, May 23, 2026. The meeting will be held at the company's mill premises in Kamaraj Nagar Colony, Salem – 636 014, Tamil Nadu. The intimation, dated May 11, 2026, has been filed in compliance with Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Purpose of the Board Meeting

The primary agenda of the board meeting is to consider and approve the audited standalone and consolidated financial results of the company for the fourth quarter and year ended March 31, 2026. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has also informed that the trading window for dealing in its securities will remain closed until 48 hours after the declaration of the quarterly and yearly financial results. This restriction applies to all specified persons covered under the company's code of conduct.

The notice of the board meeting date has been made available on the company's official website as well as on the BSE platform, ensuring timely public disclosure in line with regulatory requirements. The intimation was signed by S. Natarajan, Company Secretary, on behalf of Sambandam Spinning Mills.