Suryaamba Spinning Mills Limited , a prominent player in the textile industry, has reported a robust financial performance for the first quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's unaudited financial results for the quarter ended June 30, 2025, reveal a substantial increase in profitability:

• Net profit after tax rose by 37.2% to ₹83.72 lakhs, compared to ₹61.04 lakhs in the same period last year.
• Total income from operations grew by 5.3% to ₹5,537.80 lakhs.
• Profit before tax increased significantly by 32% to ₹107.21 lakhs from ₹81.22 lakhs.
• Earnings per share improved to ₹2.86 from ₹2.08, representing a 37.5% increase.

Key Financial Metrics

Management Approval and Audit Review

The Board of Directors approved these unaudited financial results at their meeting held on August 14, 2025. The company's statutory auditors have issued a limited review report with an unmodified opinion on the standalone financial results, affirming the accuracy and compliance of the financial statements.

Capital Structure

The paid-up equity share capital remained unchanged at ₹293.19 lakhs, indicating stability in the company's capital structure.

Disclosure and Transparency

In compliance with regulatory requirements, Suryaamba Spinning Mills has published the extract of its unaudited financial results in both English and Telugu newspapers. The full format of the quarterly financial results is available on the company's website ( www.suryaamba.com ) and the BSE Limited website ( www.bseindia.com ).

The strong financial performance in Q1 FY2026 reflects Suryaamba Spinning Mills' resilience and operational efficiency in the competitive textile sector. The significant increase in profitability, despite a modest growth in total income, suggests improved cost management and operational efficiencies.

Suryaamba Spinning Mills Limited has announced the re-appointment of Mayank Agarwal as Whole-time Director for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting. The decision, made by the company's Board of Directors, follows a recommendation from the Nomination and Remuneration Committee.

Key Details of the Re-appointment

• Term: August 1, 2025, to July 31, 2030
• Age: 35 years
• Education:
  • Industrial Engineering degree from Michigan University, USA
  • MFAB from Indian School of Business, Hyderabad

Professional Background

Mayank Agarwal brings a wealth of expertise to his role, with skills spanning:

• Business Management
• Marketing
• Finance
• Strategic Planning
• Corporate Management

Family Ties and Compliance

It's worth noting that Mayank Agarwal has familial connections within the company's leadership:

• Related to Virender Kumar Agarwal, Managing Director
• Related to Seema Agarwal, Joint Managing Director

The company has confirmed that Agarwal is not debarred from holding the office of Whole-time Director by any SEBI order or other authority, ensuring compliance with regulatory requirements.

Corporate Governance

This re-appointment demonstrates Suryaamba Spinning Mills' commitment to maintaining continuity in its leadership while adhering to proper corporate governance procedures. The decision to re-appoint Agarwal for another five-year term suggests confidence in his abilities to contribute to the company's future growth and strategic direction.

Shareholders will have the opportunity to vote on this re-appointment at the forthcoming Annual General Meeting, as per standard corporate practices for key executive positions.

As Suryaamba Spinning Mills Limited moves forward with this leadership decision, stakeholders will be watching closely to see how Mayank Agarwal's continued tenure as Whole-time Director will shape the company's trajectory in the coming years.