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.

Sambandam Spinning Mills Limited has notified the Bombay Stock Exchange regarding a credit rating downgrade for its bank loan and fixed deposit facilities. The rating revision was issued by Infomerics Valuation and Ratings Pvt. Ltd., New Delhi, dated February 4, 2026, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has now provided additional details regarding the reasons for the downgrade following BSE's request for clarification.

Credit Rating Downgrades

The rating agency has revised the company's credit ratings across multiple facility categories. The downgrades affect both bank facilities and fixed deposit arrangements, with the company maintaining stable outlook ratings despite the reductions.

Rating Agency's Rationale

Infomerics has provided detailed reasons for the rating downgrade in their latest communication. The downgrade takes into account the weak liquidity and debt protection metrics in FY25, despite improvement in operational performance. The rating continues to be constrained due to susceptibility of profitability to volatility in raw material prices, working capital intensive operations, and intense competition prevalent in the industry.

Supporting Factors

Despite the downgrade, the rating continues to derive support from several positive factors. These include the extensive experience of the promoters and management, an established track record of operations in the textile industry, and diversified geographical presence. The stable outlook indicates that while current metrics are weak, the fundamental business structure remains intact.

Regulatory Compliance and Communication

The company has fulfilled its disclosure obligations under SEBI regulations by informing the stock exchange about the credit rating changes. Following BSE's request for additional details regarding the reasons for downgrade, the company provided an addendum to their previous intimation dated February 5, 2026. The latest communication was signed by Company Secretary S. Natarajan on February 7, 2026, ensuring comprehensive compliance with regulatory requirements for listed companies.