Maris Spinners Limited has received a partial interest subsidy of ₹8.54 crores from the Commissioner of Textiles and Director, Bangalore, as announced in a regulatory filing to the Bombay Stock Exchange on January 21, 2026.

Subsidy Details and Financial Impact

The textile manufacturer disclosed that this payment represents a partial release against the total claimed amount. The subsidy breakdown shows significant financial support for the company's operations:

The interest subsidy scheme is designed to support textile manufacturers by reducing their financial burden and enhancing operational efficiency. This partial disbursement indicates ongoing government support for the textile sector.

Company Operations and Manufacturing Presence

Maris Spinners Limited operates through a multi-location manufacturing setup across South India. The company maintains two primary production facilities:

• Unit I: Located at Kattemalalavadi Village, Hunsur Taluk, Mysore District, Karnataka
• Unit II: Situated on Kulithalai Road, Manapparai, Trichy District, Tamil Nadu

Both units are strategically positioned to serve the textile manufacturing requirements and benefit from regional industrial advantages. The company's corporate office is based in Chennai, facilitating administrative and financial operations.

Regulatory Compliance and Market Communication

The announcement was made through Chief Financial Officer C Srinivasan's communication to the Bombay Stock Exchange, ensuring compliance with disclosure requirements. The company trades under scrip code 531503 on the exchange, maintaining transparency with stakeholders regarding significant financial developments.

This subsidy receipt strengthens the company's financial position and demonstrates the effectiveness of government support schemes for the textile industry. The remaining claimed amount of ₹11.81 crores indicates potential for additional subsidy receipts in future periods, subject to regulatory approvals and compliance requirements.

Maris Spinners Limited , a textile manufacturing company, has reported its financial results for the second quarter and half-year ended September 30, 2025. The company showed signs of improvement with a reduced net loss and increased revenue compared to the previous quarter.

Financial Performance

For the quarter ended September 30, 2025, Maris Spinners reported:

The company's total income for Q2 FY2026 stood at Rs 34.06 crore, showing an improvement from Rs 31.90 crore in the previous quarter. However, when compared to the same quarter last year (Q2 FY2025), which reported Rs 32.37 crore, there was a modest year-on-year increase.

The net loss for the quarter under review was Rs 2.28 crore, significantly lower than the loss of Rs 5.31 crore in the preceding quarter. This represents a reduction in losses by approximately 57%. However, it's worth noting that the loss widened compared to Q2 FY2025, which had reported a loss of Rs 1.15 crore.

Half-Year Performance

For the half-year ended September 30, 2025:

The company's total income for the first half of FY2026 increased to Rs 65.96 crore from Rs 63.84 crore in the corresponding period of the previous year, marking a growth of about 3.32%.

The net loss for H1 FY2026 reduced to Rs 6.07 crore, compared to a loss of Rs 9.75 crore in H1 FY2025, showing an improvement in the company's financial position.

Balance Sheet Highlights

As of September 30, 2025, Maris Spinners reported total assets of Rs 127.46 crore. The company's financial position as per the latest balance sheet shows:

Other Developments

The Board of Directors approved the unaudited financial results and related party transactions for the half-year period. The financial results were reviewed by the Audit Committee and received an unmodified opinion from the statutory auditors, Raghavan, Chaudhuri & Narayanan.

Maris Spinners also re-recognized a grant receivable in accordance with a revised order issued by the Commissioner of Textiles, Karnataka, complying with Ind AS 8 - "Accounting Policies, Changes in Accounting Estimates and Errors."

While the company continues to face challenges, the reduction in quarterly losses and growth in revenue suggest potential signs of recovery. However, investors and stakeholders should closely monitor future performance to assess the sustainability of this trend.