Amarjothi Spinning Mills Limited's Board of Directors has recommended the appointment of Ms. Krishnan Kaviyas as Independent Director for a five-year term, marking a significant governance development for the textile company. The recommendation follows the Nomination and Remuneration Committee's proposal and requires shareholder approval through postal ballot.

Board Recommendation Details

The Board has recommended Ms. Krishnan Kaviyas (DIN: 11459296) for appointment as Independent Director, subject to shareholder approval through postal ballot with remote e-voting facility.

Director Profile and Qualifications

Ms. Krishnan Kaviyas brings extensive legal and governance expertise to the Board. She holds a B.B.A., L.L.B (Hons) degree and possesses comprehensive knowledge in legal drafting, governance, corporate affairs, advisory services, strategy, and general management.

Regulatory Compliance and Disclosure

The appointment follows SEBI regulations and disclosure requirements. The company has confirmed that Ms. Kaviyas is not debarred from holding directorship by any regulatory authority and maintains no relationships with existing Board members.

The formal communication was signed digitally by Company Secretary Mohana Priya M and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Mumbai, ensuring compliance with listing obligations and transparency requirements.

Amarjothi Spinning Mills Limited , a leading yarn manufacturer, has announced its financial results for the second quarter and half-year ended September 30, 2025, showing a mixed performance with improved profitability despite a decrease in revenue.

Financial Highlights

For the quarter ended September 30, 2025, Amarjothi Spinning Mills reported:

For the half-year ended September 30, 2025:

Key Observations

1. Quarterly Performance: The company's net profit for Q2 FY2026 increased to ₹262.77 lakhs, up from ₹254.58 lakhs in the previous quarter. However, this represents a decrease compared to ₹316.51 lakhs in Q2 FY2025.

2. Revenue Decline: Revenue from operations for Q2 FY2026 stood at ₹4,446.14 lakhs, showing a decline from both the previous quarter (₹4,881.70 lakhs) and the same quarter last year (₹5,574.42 lakhs).

3. Half-Year Results: For the first half of the fiscal year 2026, the company reported a net profit of ₹517.34 lakhs, compared to ₹650.12 lakhs in the corresponding period of the previous year.

4. Operational Focus: Amarjothi Spinning Mills continues to operate in a single business segment of yarn manufacturing.

5. Board Approval: The financial results were approved by the Board of Directors in their meeting held on November 10, 2025.

6. Regulatory Compliance: The company confirmed that compliance with Regulation 32 of SEBI LODR Regulations 2015 is not applicable as no shares were issued during the quarter through public, rights, or preferential issues.

Conclusion

Amarjothi Spinning Mills Limited has demonstrated resilience in maintaining profitability amid revenue pressures. The company's ability to increase its quarterly profit despite lower revenue suggests effective cost management and operational efficiency. However, the year-on-year decline in both revenue and profit for the half-year period indicates ongoing challenges in the market environment.