Deepak Spinners Limited has announced a significant change in its senior management team with the resignation of a key executive from its Baddi operations. The company has formally disclosed this development to ensure regulatory compliance and maintain transparency with stakeholders.

Executive Resignation Details

Shri Shyam Sunder Saxena has resigned from his position as Senior Vice President (Personnel & Administration) at the company's Baddi Unit, effective March 2nd, 2026. The resignation was submitted with immediate effect, marking the end of his tenure in this senior management role.

Health Concerns Prompt Decision

The resignation was primarily driven by ongoing health concerns that affected Saxena's ability to fulfill his duties effectively. In his formal resignation letter, he stated that after careful consideration and consultation with his doctor, he believed it was in his best interest to step down and focus on his recovery. The executive expressed gratitude for the opportunities, guidance, and support received during his tenure with the company.

Regulatory Compliance

Deepak Spinners Limited has fulfilled its regulatory obligations by notifying BSE Limited about this key managerial personnel change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Puneeta Arora signed the formal disclosure documents on March 2nd, 2026, ensuring timely compliance with listing requirements.

Transition Arrangements

According to the resignation communication, Saxena committed to ensuring a smooth transition of his responsibilities before his departure. This approach demonstrates the company's focus on maintaining operational continuity despite the sudden nature of the resignation. The Personnel & Administration function at the Baddi Unit will need to adapt to this leadership change while managing ongoing operations.

Deepak Spinners Limited has published its unaudited financial results for the third quarter of FY26 ended December 31, 2025, demonstrating a strong turnaround in financial performance. The textile company, based in Baddi, Himachal Pradesh, reported significant improvement across key financial metrics compared to the corresponding period last year.

Quarterly Financial Performance

The company's financial performance for Q3FY26 showed marked improvement across all major parameters:

The company achieved a net profit after tax of ₹281 lacs in Q3FY26, representing a complete turnaround from the loss of ₹45 lacs recorded in Q3FY25. Total income from operations increased to ₹13,658 lacs from ₹13,273 lacs in the corresponding quarter of the previous year.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, Deepak Spinners demonstrated sustained improvement:

The nine-month results highlight the company's successful operational turnaround, moving from a substantial loss of ₹954 lacs in the previous year to a profit of ₹117 lacs in the current period.

Sequential Quarter Comparison

Comparing Q3FY26 with the immediately preceding quarter (Q2FY26), the company showed continued momentum:

• Total income remained robust at ₹13,658 lacs versus ₹14,044 lacs in Q2FY26
• Net profit after tax improved to ₹281 lacs from ₹197 lacs in the previous quarter
• Earnings per share increased to ₹3.91 from ₹2.74 in Q2FY26

Capital Structure and Key Metrics

The company maintained stable capital structure parameters:

The paid-up equity share capital remained unchanged at ₹719 lacs with a face value of ₹10 per share. The significant improvement in earnings per share from negative ₹0.63 in Q3FY25 to positive ₹3.91 in Q3FY26 reflects the company's enhanced profitability.

Regulatory Compliance and Publication

Deepak Spinners Limited published these financial results in compliance with Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The results were published on February 6, 2026, in Financial Express (National English Daily) and Jansatta (Local Hindi Daily). The complete financial results are available on the BSE website and the company's official website at www.dsl-india.com .