Suryaamba Spinning Mills held its 19th Annual General Meeting (AGM) on August 08, 2026, via video conferencing and other audio-visual means. The meeting addressed key governance matters including the adoption of financial results for FY26, dividend declarations, and board appointments. With 36 shareholders participating virtually, the company sought approval for ordinary resolutions concerning its operational and financial standing for the fiscal year ended March 31, 2026.

The proceedings were chaired by Mayank Agarwal, Whole-time Director, after Virender Kumar Agarwal, Managing Director, did not chair the session. Seema Agarwal, Joint Managing Director, proposed Mayank Agarwal’s appointment as chairman, which was seconded by other directors. The quorum was established through video participation, with five promoter shareholders and 31 public shareholders present. The deemed venue for the meeting was the company’s registered office in Secunderabad.

Agenda Items

Shareholders voted on four ordinary resolutions through remote e-voting and during the meeting using the National Securities Depository Limited (NSDL) platform. The voting window for remote e-voting opened on August 05, 2026, at 9:00 A.M. and closed on August 07, 2026, at 5:00 P.M. No voting by show of hands was permitted. The items considered were:

Governance and Compliance

The statutory auditor, Manish N. Jain & Co., represented by Manish N. Jain and Arpit Agrawal, attended the meeting. Internal auditor Shekhar Sherke from Wadhvani Sherke & Co. and secretarial auditor Aarju Agrawal from Aarju Agrawal & Associates were also present. Aarju Agrawal served as the scrutinizer for the e-voting process, ensuring fair and transparent voting procedures.

The company secretary, Suchita Dandekar, confirmed that all documents required under the Companies Act, 2013, were available for electronic inspection. The notice of the AGM and the reports of the statutory and secretarial auditors were taken as read, as they contained no qualifications or adverse remarks. The Chairman delivered a speech on the company’s operations before opening the floor for questions from members.

Voting Results and Next Steps

No results were declared at the meeting. The scrutinizer was instructed to submit the consolidated report to Suchita Dandekar, who is authorized to file the e-voting results with the stock exchanges within two working days of the AGM’s conclusion. The results will also be published on the company’s website. The AGM concluded at 1:20 P.M., excluding a 15-minute extension for final e-voting. As of July 30, 2026, the record date for e-voting, the company had 2,504 shareholders.

Suryaamba Spinning Mills Limited has scheduled its 19th Annual General Meeting (AGM) for Saturday, August 08, 2026, at 1:00 P.M. IST via Video Conferencing. The Board of Directors has recommended a final dividend of ₹1 per equity share of ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval. The company has fixed Thursday, July 30, 2026, as the record date to determine shareholder eligibility for the dividend and the AGM.

Remote e-voting will be available from Wednesday, August 05, 2026, at 9:00 a.m. to Friday, August 07, 2026, at 5:00 p.m. IST. The facility is being provided by NSDL. Members who cast their vote by remote e-voting prior to the AGM may attend the meeting but will not be eligible to vote again. The meeting will be conducted through Video Conferencing or Other Audio Visual Means only, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net profit of ₹3.04 crore, a significant increase from ₹1.17 crore in the previous year. Earnings Per Share (EPS) improved to ₹10.38 compared to ₹4.00 in FY 2024-25. Revenue from operations stood at ₹20,702.44 lakhs, a marginal decline from ₹21,465.76 lakhs in the prior year, attributed to subdued demand in the textile sector.

Strategic Priorities

Looking ahead to FY 2026-27, the company plans to focus on operational excellence through automation and expansion in value-added specialty products. Strategic priorities include reducing the cost of borrowings by transitioning major banking facilities to HDFC Bank Limited, which is expected to reduce costs by approximately 200–250 basis points. The company also remains committed to sustainability and responsible growth initiatives to create long-term shareholder value.