Suryalata Spinning Mills Limited has disclosed the release of pledge on equity shares by its promoter, marking a significant reduction in encumbered holdings. The company informed BSE Limited about this corporate action on January 20, 2026, in compliance with SEBI regulations.

Pledge Release Details

Promoter Vithaldas Agarwal has successfully released the pledge on 4,12,232 equity shares that were held by IDBI Bank Limited. The shares were originally pledged as collateral security for term loans taken by the company. This release represents a substantial portion of the previously encumbered holdings.

Impact on Promoter Holdings

The pledge release has significantly altered the encumbrance profile of promoter Vithaldas Agarwal's shareholding in the company. His total shareholding remains unchanged, but the encumbered portion has been substantially reduced.

Regulatory Compliance

The disclosure was made under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates promoters to inform stock exchanges about any creation, invocation, or release of encumbrance on their shareholdings. The company has filed the prescribed format with detailed information about the pledge release.

Financial Implications

The release of pledged shares indicates improved financial flexibility for both the promoter and the company. With a significant reduction in encumbered holdings from 12.00% to 2.34% of total share capital, the promoter now has greater freedom over a larger portion of his shareholding. This development typically reflects either loan repayment or restructuring of financing arrangements with the lending institution.

Suryalata Spinning Mills Limited , a player in the synthetic blended yarn segment, has reported a remarkable financial performance for the first quarter of the fiscal year. The company's standalone net profit skyrocketed by 970% to ₹428.00 lakhs, compared to ₹40.00 lakhs in the same quarter of the previous year.

Financial Highlights

The company's standalone revenue from operations grew by 7.6% to ₹12,313.00 lakhs, up from ₹11,438.00 lakhs in the corresponding quarter. This growth was accompanied by a significant expansion in EBITDA, which surged by 83.8% to ₹1,182.00 lakhs.

Here's a breakdown of the key financial metrics:

The company's earnings per share (EPS) showed a substantial increase, rising from ₹0.93 to ₹10.04.

Consolidated Performance

On a consolidated basis, Suryalata Spinning Mills and its subsidiary reported equally impressive results. The consolidated revenue increased by 7.3% to ₹12,609.00 lakhs, while the net profit saw a significant jump of 189.1% to ₹584.00 lakhs.

Corporate Updates

In addition to the financial results, the company's Board of Directors made several key announcements:

1. The 42nd Annual General Meeting (AGM) is scheduled for September 27, 2025, and will be conducted through video conference or other audio-visual means.

2. The Board has approved the appointment of M/s Prerna & Co., Practicing Company Secretaries, as the Secretarial Auditors of the company. This appointment is for a term of five years, from FY 2025-2026 to FY 2029-2030, subject to shareholder approval at the upcoming AGM.

3. The company has set September 24, 2025, as the record date for determining members eligible to receive the final dividend for the financial year ended March 31, 2025.

4. The Register of Members and Share Transfer Books will remain closed from September 20, 2025, to September 27, 2025 (both days inclusive) for the purpose of the AGM.

Vithaldas Agarwal, Managing Director of Suryalata Spinning Mills Limited, signed off on these announcements, which were made following the Board meeting held on August 9, 2025.

The robust financial performance and corporate governance measures reflect Suryalata Spinning Mills' strong position in the synthetic blended yarn market and its commitment to transparency and shareholder value.