Suryaamba Spinning Mills reported a net loss of ₹55.31 lakh for the first quarter ended June 30, 2026, marking a shift from the profit of ₹61.04 lakh recorded in the same period of the previous fiscal year. The company’s revenue from operations contracted by 6.2% year-on-year to ₹4,926.53 lakh, down from ₹5,253.12 lakh in Q1FY25.

The Board of Directors approved the unaudited financial results on August 13, 2026, following a meeting that commenced at 1:15 pm and concluded at 1:45 pm. The results were reviewed by the Audit Committee and accompanied by a limited review report from statutory auditors Manish N Jain & Co.

Financial Performance

Total income for the quarter stood at ₹4,949.94 lakh, comprising revenue from operations and other income of ₹23.41 lakh. In contrast, total expenses increased to ₹5,023.84 lakh from ₹5,179.22 lakh in the previous year’s corresponding period, primarily driven by higher other expenses and changes in inventory.

The company incurred a pre-tax loss of ₹73.90 lakh, compared to a pre-tax profit of ₹81.22 lakh in Q1FY25. Finance costs decreased significantly to ₹45.98 lakh from ₹125.69 lakh in the prior year period. However, this reduction was offset by an increase in other expenses, which rose to ₹1,108.16 lakh from ₹970.22 lakh.

Key Operational Details

• Auditor: Manish N Jain & Co. issued an unmodified limited review report.
• Segment: The company operates solely in the trading and manufacturing of yarn.
• Compliance: Results were prepared in accordance with Ind AS 34 and disclosed pursuant to SEBI LODR Regulations 30 and 33.

The unaudited financial statements and auditor’s report are available on the company’s website for stakeholder reference.

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.