Super Spinning Mills Limited will hold its 64th Annual General Meeting on Friday, August 28, 2026, at 3:30 P.M. through Video Conferencing or Other Audio Visual Means. The primary agenda includes receiving, considering, and adopting the Annual Audited Financial Statements for the fiscal year ended March 31, 2026, and seeking shareholder approval for the re-appointment of Mr. Sanjay Krishna Ramamurthi (DIN: 08730627) as a Non-Executive Non-Independent Director. He retires by rotation and is eligible for re-appointment. This meeting marks a critical juncture for shareholders as the company continues its strategic transition from textile manufacturing to real estate development and leasing.

The meeting will be conducted in compliance with Ministry of Corporate Affairs Circulars permitting virtual attendance, with the deemed venue at the company’s registered office in Coimbatore. Remote e-voting facilities are provided by MUFG Intime India Private Limited. The voting period for remote e-voting begins on Tuesday, August 25, 2026, at 9:00 A.M. IST and ends on Thursday, August 27, 2026, at 5:00 P.M. IST. Members holding shares as of the cut-off date, Friday, August 21, 2026, are eligible to vote. The Register of Members and share transfer books will remain closed from Saturday, August 22, 2026, to Friday, August 28, 2026, inclusive.

Financial Performance Overview

For the fiscal year ended March 31, 2026, Super Spinning Mills reported a total income of ₹687.06 lakhs. Revenue from operations stood at ₹662.73 lakhs, primarily derived from its continuing "Rental and Real Estate Services" segment after discontinuing its textile operations. Other income contributed ₹24.33 lakhs. However, the company incurred a significant net loss of ₹1,640.09 lakhs for the year. This loss includes a profit before tax from continuing operations of ₹172.41 lakhs, offset by a substantial loss of ₹1,413.94 lakhs from discontinued operations. The directors have not recommended any dividend for the year due to these losses.

Strategic Initiatives and Asset Monetization

The company is actively pursuing an asset-light growth strategy focused on monetizing its land bank. Key initiatives include leasing out properties at the Super Sara unit in Hindupur and developing a Grade-A commercial property in Coimbatore through a joint development partnership. Shareholders previously approved the sale of certain land parcels at the registered office to Mr. Sumanth Ramamurthi and Elgi Electric and Industries Limited to reduce indebtedness. Additionally, a joint development agreement for land in Hindupur is under negotiation with a potential non-related party developer.

Audit and Compliance Observations

Statutory Auditors C S K Prabhu & Co LLP highlighted specific compliance gaps regarding audit trails. The software used for payroll and property records lacks an audit trail feature at both application and database levels. Furthermore, the accounting software "Tally" did not enable the audit trail feature at the database level throughout the year. Management has committed to implementing these features in the current financial year. Secretarial Auditors MDS & Associates LLP noted delays in integrated financial filings and belated reporting of certain events on stock exchanges, attributing these to administrative reasons.

What the Numbers Show

The financial data reveals a sharp divergence between operational stability and historical baggage. While the continuing rental business generated a positive profit before tax of ₹172.41 lakhs, the overall bottom line was heavily impacted by losses from discontinued operations. This underscores the company's transitional phase, where legacy costs from the exited textile segment continue to weigh on consolidated results despite the new focus on real estate assets.

Promoter Sumanth Ramamurthi increased his shareholding in Super Spinning Mills Limited to 17.67% following an open market acquisition of 280,457 shares. The transaction, executed between June 23 and June 24, 2026, was disclosed to the stock exchanges on June 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, Ramamurthi held 9,440,530 shares, representing 17.16% of the company's total voting capital. The additional purchase of 280,457 shares raised his total holding to 9,720,987 shares. The equity share capital of Super Spinning Mills Limited remains at Rs 5,50,00,000, divided into 5,50,00,000 shares of Rs 1 each.

Breakdown of Shareholding

The following table details the changes in the promoter's shareholding:

The acquisition was conducted via the open market route. The total diluted share capital of the company remains unchanged at 5,50,00,000 shares. The disclosure was signed by Sabeetha Devarajan, Company Secretary and Compliance Officer of Super Spinning Mills Limited.