Super Spinning Mills Limited's Board of Directors has approved a significant land disposal proposal during their meeting held on January 31, 2026. The board decided to enter into joint development or sell the land situated at SUPER B UNIT – Quarters Premises, Kotnur Village, Hindupur Mandal, Sri Sathya Sai District, Andhra Pradesh, along with all buildings and structures.

Board Meeting Outcomes

The board meeting, which commenced at 05.00 PM and concluded at 05.30 PM, approved the disposal of the property in one or more tranches to potential buyers. However, the transaction is subject to shareholder approval through a Special Resolution under Section 180(1)(a) of the Companies Act, 2013 read with Regulation 37A of the Listing Regulations.

Financial Impact and Property Details

The property's financial contribution to the company shows modest revenue generation but significant asset value:

*Based on guideline value of the property

The property represents 33.54% of the company's net worth, making it a substantial asset disposal that requires careful shareholder consideration.

Transaction Structure and Timeline

The company has not yet entered into any sale agreement and is still in the process of identifying potential buyers. The board confirmed that no agreement will be executed until shareholder approval is obtained. The buyers will not belong to the promoter, promoter group, or group companies, ensuring the transaction remains at arm's length.

Key transaction parameters include:

• Buyer Identification: Company yet to identify potential buyers
• Consideration: Will not be less than prevailing market price
• Transaction Type: Not considered a related party transaction
• Completion Timeline: Subject to requisite consents and approvals

Regulatory Compliance and Next Steps

The board has approved conducting a postal ballot process to obtain shareholder approval for the land disposal. The postal ballot notice will be submitted to stock exchanges in due course. This transaction falls outside any Scheme of Arrangement and requires compliance with Regulation 37A of the Listing Regulations.

The company has made the necessary disclosures under Regulation 30 of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The information is also available on the company's website at www.superspinning.com .

Super Spinning Mills Limited has received credit ratings from CARE Ratings for its bank facilities, reflecting the company's recent operational and financial performance.

Credit Ratings Breakdown

Rating Details

CARE Ratings has reaffirmed the 'CARE BB+ Stable' rating for Super Spinning Mills' long-term bank facilities, while newly assigning a 'CARE A4+' rating for its short-term facilities.

Implications of the Ratings

• The 'BB+' rating for long-term facilities suggests that the company has moderate risk of default regarding timely servicing of financial obligations.
• The 'A4+' rating for short-term facilities indicates minimal risk of default for short-term financial obligations.

These ratings provide stakeholders, including investors and lenders, with an independent assessment of Super Spinning Mills' creditworthiness. They serve as indicators of the company's ability to meet its financial commitments and may influence its access to credit and the terms on which it can borrow.

Investors and stakeholders should note that credit ratings are subject to periodic review and may change based on the company's future performance and market conditions.