Super Spinning Mills promoter raises stake to 17.67%

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:

Description	Number of Shares	% of Total Share Capital
Holding Before Acquisition
Shares carrying voting rights	9,440,530	17.16
Acquisition Details
Shares acquired	280,457	0.51
Holding After Acquisition
Shares carrying voting rights	9,720,987	17.67

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.96%	-8.93%	+1.63%	-38.50%	-51.64%	-47.92%

Super Spinning Mills Limited narrowed its net loss to ₹580.20 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹1,640.64 lakh in the previous year. Revenue from operations for the year stood at ₹682.04 lakh, a decrease from ₹687.06 lakh in FY25. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹713.39 lakh. Revenue from operations for the quarter was ₹175.10 lakh, down from ₹197.99 lakh in the corresponding period of the previous year. Total income for the quarter was ₹175.10 lakh. The statutory auditors issued an unmodified opinion on the audited financial results.

Financial Performance

The company's financial results for FY26 reflect the impact of discontinued textile operations. The profit from continuing operations for the year was ₹40.58 lakh, while the loss from discontinued operations was ₹620.78 lakh. Total expenses for the year increased to ₹612.62 lakh from ₹514.66 lakh in the previous year. Finance costs for the year stood at ₹139.53 lakh, down from ₹196.43 lakh in FY25.

Key Financial Metrics (FY26)

Metric	Amount (₹ in lakh)	Previous Year (₹ in lakh)
Net Sales / Income from operations	682.04	687.06
Total Income	682.04	687.06
Total Expenses	612.62	514.66
Net Profit/(Loss)	(580.20)	(1,640.64)

Board Decisions and Disclosures

The Board approved the re-appointment of Mr. A Palaniappan, Chartered Accountant, as the Internal Auditor of the company for the financial year 2026-27. Additionally, the Board convened the 64th Annual General Meeting for August 28, 2026, via Video Conferencing. The Register of Members and Share Transfer Books will be closed from August 22, 2026, to August 28, 2026.

A significant disclosure regarding power disputes was noted. The company is involved in several power disputes with Andhra Pradesh Gas Power Corporation Limited (APGCL) and Southern Power Distribution Company Limited (SPDCL). An amount of ₹8,324.06 lakh appears as arrear outstanding in the electricity bills of SPDCL. However, based on available data and management's assessment, the company estimated electricity payables at ₹1,907.56 lakh and provided ₹Nil lakh in the books of account as at March 31, 2026, compared to a provision of ₹852.24 lakh in the previous year.