Nahar spinning mills Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing challenging operational performance with significant quarterly losses despite some improvement in nine-month figures.

Financial Performance Overview

The textile company reported a net loss of ₹1291.63 lakhs for Q3FY26, marking a substantial decline from the profit of ₹75.50 lakhs recorded in Q3FY25. This represents a significant deterioration in quarterly performance, reflecting the challenging market conditions faced by the company.

Revenue and Operational Metrics

Revenue from operations declined by 13.48% year-on-year to ₹70255.82 lakhs in Q3FY26 from ₹81216.59 lakhs in Q3FY25. Other income decreased to ₹409.85 lakhs from ₹348.32 lakhs in the corresponding quarter of the previous year. Total income from operations stood at ₹70665.67 lakhs compared to ₹81564.91 lakhs in Q3FY25.

Cost Structure Analysis

The company's total expenses amounted to ₹72349.56 lakhs in Q3FY26 compared to ₹81304.41 lakhs in Q3FY25. Key expense components included cost of materials consumed at ₹49737.98 lakhs, employee benefits expense of ₹8097.79 lakhs, and power & fuel costs of ₹7407.21 lakhs.

Nine-Month Performance

For the nine months ended December 31, 2025, the company showed improvement compared to the previous year. The net loss narrowed to ₹159.79 lakhs from ₹1006.12 lakhs in the corresponding nine-month period of FY25. Revenue from operations for nine months declined to ₹230110.73 lakhs from ₹240896.26 lakhs in the previous year.

Other Comprehensive Income and Total Performance

The company reported other comprehensive income of ₹1642.79 lakhs for the nine-month period, resulting in total comprehensive income of ₹1483.00 lakhs compared to ₹2119.42 lakhs in the previous year. For Q3FY26, other comprehensive loss stood at ₹2136.54 lakhs, leading to total comprehensive loss of ₹3428.17 lakhs.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 7, 2026. The results have been subjected to limited review by M/s. Gupta Vigg & Co., Chartered Accountants, Ludhiana. The company operates in a single segment of textiles and maintains a paid-up equity share capital of ₹1803.27 lakhs with a face value of ₹5.00 per share.

Nahar Spinning Mills Ltd. , a prominent textile company, has announced the re-appointment of Dr. Roshan Lal Behl as an Independent Director for a second term. The decision was approved by shareholders at the company's 45th Annual General Meeting (AGM) held on September 25, 2025, through video conferencing.

Key Details of the Re-appointment

• Term: Dr. Behl has been re-appointed for a second term of five consecutive years, effective from September 30, 2025, to September 29, 2030.
• Approval Process: The re-appointment was proposed by the Board in its meeting on July 31, 2025, and subsequently approved by shareholders at the AGM.
• Continuation of Service: Dr. Behl's previous term as an Independent Director was set to expire on September 29, 2025.

About Dr. Roshan Lal Behl

Dr. Roshan Lal Behl, aged 68, brings a wealth of experience and expertise to Nahar Spinning Mills:

• Qualifications: He holds M.Com, MBA (Financial Management), and Ph.D. degrees.
• Professional Experience: Dr. Behl has over 39 years of teaching experience.
• Previous Roles:
  • Served as Principal at Sri Aurobindo College of Commerce and Management, Ludhiana.
  • Held the position of Director at Ludhiana Stock Exchange from 2012 to 2014.

Regulatory Compliance

The re-appointment aligns with the provisions of Section 149 read with Schedule IV of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nahar Spinning Mills has confirmed that Dr. Behl has not been debarred from holding the office of a Director by virtue of any SEBI Order or any other such authority.

Other AGM Proceedings

During the same AGM, Nahar Spinning Mills also addressed several other matters:

1. Adoption of financial statements for the year ended March 31, 2025.
2. Declaration of a dividend of Rs. 1.00 per equity share of Rs. 5 each.
3. Appointment of Non-Executive Directors and ratification of Cost Auditors' remuneration.
4. Appointment of M/s. P.S. Bathla & Associates as the Secretarial Auditor of the Company.

The re-appointment of Dr. Roshan Lal Behl reinforces Nahar Spinning Mills' commitment to maintaining strong corporate governance practices and benefiting from experienced leadership on its board.