Super Spinning Mills Limited has issued a comprehensive postal ballot notice for shareholder approval of its land disposal proposal at SUPER B UNIT in Andhra Pradesh. The company's Board of Directors, having approved the disposal proposal on January 31, 2026, has now scheduled the e-voting process to commence from February 6, 2026.

E-Voting Schedule and Process

The remote e-voting period will run from 9.00 AM IST on Friday, February 6, 2026, to 5.00 PM IST on Saturday, March 7, 2026. The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to provide the e-voting facility through their Instavote platform.

Property Disposal Details

The special resolution seeks approval for joint development or sale of land situated at SUPER B UNIT – Quarters Premises, Kotnur Village, Hindupur Mandal, Sri Sathya Sai District, Andhra Pradesh. The property measures 15.30 acres and includes all buildings and structures.

Financial Impact and Strategic Rationale

The property disposal forms part of the company's strategic restructuring to reduce debt obligations. The consideration received will be utilized for paying off long-term and short-term debts and meeting other business requirements.

The property's financial contribution shows:

*Based on guideline value of the property

Regulatory Compliance and Scrutinizer Appointment

The Board has appointed Sri. M. D. Selvaraj, FCS, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore, as the Scrutinizer to conduct the postal ballot process. The transaction requires approval under Section 180(1)(a) of the Companies Act, 2013, and Regulation 37A of SEBI Listing Regulations.

Shareholders whose names appear in the Register of Members as on the cut-off date of February 3, 2026, will be eligible to vote. The postal ballot notice has been sent electronically to registered email addresses, and the company will not send physical copies in compliance with MCA circulars.

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.