Katare Spinning Mills Limited has announced a board meeting scheduled for February 06, 2026, to review and approve the company's third quarter financial performance for FY26. The meeting represents a key corporate governance milestone as the textile manufacturer prepares to disclose its quarterly financial results to stakeholders.

Board Meeting Details

The Board of Directors will convene on Friday, February 06, 2026 at 04.00 p.m. at the company's registered office located in Solapur. The primary agenda involves consideration of the unaudited standalone financial results for both the quarter and nine months ended December 31, 2025.

Regulatory Compliance

The meeting notification has been issued pursuant to Regulation 29 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about board meetings scheduled to consider financial results, ensuring transparency and timely disclosure to market participants.

Trading Window Restrictions

In accordance with insider trading regulations, Katare Spinning Mills Limited has implemented a trading window closure affecting specific categories of individuals. The restriction period spans from January 30, 2026 to February 06, 2026, both days inclusive.

The trading window closure is a standard regulatory measure designed to prevent insider trading during periods when material financial information is being finalized and approved by the board.

Company Information

Katare Spinning Mills Limited operates from its registered office at "Katare Complex", 14/30, Raviwar Peth, 2nd Wing, Ground Floor, Gandhi Nagar, Akkalkot Road, Solapur- 413 005. The company's manufacturing facility is located at "Kamala Nagar", Tamalwadi, Tal. Tuljapur. The notification was signed by Kishore Katare, Managing Director (DIN: 00645013), and communicated to BSE under scrip code 502933.

Katare Spinning Mills Limited has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showing a reduction in net loss compared to the same period last year.

Financial Performance

The company reported a net loss of ₹32.33 crore for Q2 FY2026, an improvement from the ₹47.23 crore loss in the corresponding quarter of the previous year. For the half-year period, the net loss stood at ₹58.67 crore, down from ₹89.12 crore in the previous year.

Revenue from operations for Q2 FY2026 was ₹11.46 crore, significantly lower than the ₹84.18 crore reported in the same quarter last year. This substantial decrease in revenue is primarily attributed to the cotton yarn manufacturing segment, which reported no revenue for the current quarter.

Segment-wise Performance

Katare Spinning Mills operates in two business segments:

1. Cotton Yarn Manufacturing
2. Solar Power Generation

The solar power generation segment contributed the entire revenue of ₹11.46 crore for the quarter, while the cotton yarn manufacturing segment reported no revenue.

Financial Highlights

Balance Sheet Overview

As of September 30, 2025, the company's total assets stood at ₹12,011.34 crore, slightly down from ₹12,069.45 crore as of March 31, 2025. The company's equity share capital remained unchanged at ₹285 crore.

Management Commentary

The Board of Directors approved these results at their meeting held on November 13, 2025. The company did not provide any specific management commentary on the results in the available data.

Auditor's Review

G M Pawle & Associates, the company's statutory auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

While Katare Spinning Mills has shown some improvement in reducing its losses, the significant drop in revenue from the cotton yarn manufacturing segment may be a concern for investors. The company's focus on its solar power generation segment appears to be providing some stability to its operations in the current challenging environment for the textile industry.