Super Spinning Mills Limited has formally submitted its postal ballot voting results and scrutinizer's report to stock exchanges following the successful completion of the remote e-voting process on March 7, 2026. The textile company announced overwhelming shareholder approval for a special resolution regarding property disposal, with the results declared on March 9, 2026.

Formal Submission to Stock Exchanges

The company submitted comprehensive documentation to both BSE Limited and National Stock Exchange of India Limited on March 9, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Sabeetha Devarajan formally communicated the voting results following the conclusion of the remote e-voting process.

Postal Ballot Process and Timeline

The postal ballot process was initiated with a notice dated January 31, 2026, dispatched to shareholders on February 5, 2026. The company conducted the voting through remote e-voting only, in accordance with MCA Circular No. 3/2025 dated September 22, 2025. The cut-off date for determining eligible voters was February 3, 2026, with 16,100 shareholders registered as on that date.

Voting Results and Shareholder Response

The special resolution for approval to enter into joint development or sell certain immovable properties received unanimous support from participating shareholders. The resolution was sought pursuant to Section 180(1)(a) of the Companies Act, 2013, covering land and buildings at the company's properties.

Public Shareholder Compliance

Under SEBI Regulation 37A, the special resolution required separate approval from public shareholders for the disposal of land and building situated at the company's Super B Unit – Quarters Premises, Kotnur Village, Hindupur Mandal, Sri Sathya Sai District, Andhra Pradesh. The public shareholders decisively met this regulatory requirement.

Scrutinizer Report and Process Validation

Mr. M D Selvaraj, FCS, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer submitted his report dated March 7, 2026, confirming the fair and transparent conduct of the voting process. The e-voting module provided by MUFG Intime India Private Limited was disabled at the conclusion of voting, with votes unblocked at 5:16 PM IST on March 7, 2026, in the presence of independent witnesses.

Corporate Governance and Regulatory Compliance

The postal ballot process was conducted in full compliance with Sections 108 and 110 of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The company also adhered to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure and transparency throughout the process. Chairman and Managing Director Sumanth Ramamurthi (DIN: 00002773) formally declared the resolution as passed with requisite majority.

The successful completion of this postal ballot enables Super Spinning Mills Limited to proceed with its strategic property disposal plans, having secured the requisite shareholder approval with an overwhelming mandate from both overall shareholders and public shareholders specifically.

Super Spinning Mills Limited delivered exceptional financial performance in the third quarter of FY26, with net profit surging 946% year-on-year to ₹112.63 lakhs compared to ₹10.76 lakhs in the corresponding quarter of the previous year. The company announced these unaudited results for the quarter ended December 31, 2025, following board approval on February 11, 2026.

Financial Performance Overview

The company's quarterly performance demonstrated significant improvement across key metrics. Total income for Q3FY26 reached ₹168.38 lakhs, up from ₹158.55 lakhs in Q3FY25, representing a 6.20% increase.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Super Spinning Mills achieved a remarkable turnaround with net profit of ₹133.18 lakhs compared to a loss of ₹35.51 lakhs in the corresponding period of the previous year. Total income for the nine-month period stood at ₹506.93 lakhs versus ₹489.07 lakhs in the previous year.

Exceptional Items Drive Performance

The strong quarterly performance was significantly boosted by exceptional items worth ₹78.96 lakhs in Q3FY26. These exceptional items contributed substantially to the profit before tax, which reached ₹144.46 lakhs compared to ₹49.11 lakhs in the previous year quarter.

Segment-wise Analysis

Super Spinning Mills operates primarily through its rental services segment after discontinuing textile operations in August 2023. The rental services segment generated revenue of ₹157.97 lakhs in Q3FY26, maintaining stable performance compared to ₹158.32 lakhs in Q3FY25.

The discontinued textile operations continued to report losses, with a loss of ₹3.51 lakhs in Q3FY26 compared to ₹25.58 lakhs loss in Q3FY25, showing improvement in managing the wind-down process.

Earnings Per Share and Capital Structure

The company's earnings per share for continuing operations stood at ₹0.21 for Q3FY26 compared to ₹0.07 in Q3FY25. The paid-up equity share capital remained stable at ₹550.00 lakhs with a face value of ₹1.00 per share. For the nine-month period, earnings per share from continuing and discontinued operations combined reached ₹0.24 compared to a loss of ₹0.06 per share in the previous year.