Superfine Knitters Limited Announces Auditor Change and Sets Date for 27th AGM

1 min read     Updated on 05 Sept 2025, 11:07 PM
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Radhika SahaniScanX News Team
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Overview

Super Fine Knitters has appointed M/s. Sumit Bharti & Associates as new statutory auditors following the resignation of M/s. R.K. Deepak & Co. The company's 27th Annual General Meeting is scheduled for September 30, 2025, at 10:00 a.m. at their registered office in Ludhiana. The book closure period is set from September 24 to September 30, 2025, with the e-voting cut-off date on September 19, 2025.

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Super Fine Knitters , a prominent player in the hosiery knitted fabrics and garments industry, has announced significant changes in its statutory auditors and set the date for its upcoming Annual General Meeting (AGM).

Change in Statutory Auditors

The company disclosed that M/s. R.K. Deepak & Co., Chartered Accountants, have resigned as statutory auditors effective September 5, 2025. The resignation was attributed to pre-occupation and unavoidable circumstances that would prevent the firm from dedicating sufficient time to discharge its duties as the company's statutory auditor.

In response to this development, the Board of Directors, based on the recommendation of the Audit Committee, has approved the appointment of M/s. Sumit Bharti & Associates, Chartered Accountants (Firm Registration No. 015301N) as the new statutory auditors. This appointment is subject to approval by the members at the forthcoming AGM.

M/s. Sumit Bharti & Associates have confirmed their eligibility for the appointment, stating compliance with Sections 139 and 141 of the Companies Act, 2013. They have certified that they are not disqualified under any provisions of the Act and hold a valid Peer Review Certificate issued by the Institute of Chartered Accountants of India (ICAI).

27th Annual General Meeting Details

Super Fine Knitters has scheduled its 27th Annual General Meeting for September 30, 2025, at 10:00 a.m. The meeting will be held at the company's registered office located at C-5, Phase-V, Focal Point, Ludhiana - 141010.

Key dates related to the AGM include:

Event Date and Time
AGM Date and Time September 30, 2025, at 10:00 a.m.
Book Closure Period September 24, 2025, to September 30, 2025 (both days inclusive)
E-voting Cut-off Date September 19, 2025

The company has stated that the register of members and share transfer books will remain closed during the book closure period for the purpose of the AGM.

These announcements were made in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Super Fine Knitters continues to uphold its commitment to transparency and adherence to regulatory requirements in its corporate governance practices.

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Super Fine Knitters Reports Decline in Half-Year Revenue and Profit

1 min read     Updated on 05 Sept 2025, 06:31 PM
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Reviewed by
Ashish ThakurScanX News Team
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Overview

Super Fine Knitters Limited's unaudited financial results for H1 FY2024 show a decrease in performance. Revenue from operations fell to Rs 12.34 crore from Rs 15.52 crore in H1 FY2023. Profit declined to Rs 19.21 lakh from Rs 1.43 crore. EPS dropped to Rs 0.15 from Rs 1.15. Total assets slightly decreased to Rs 40.95 crore. The Board of Directors approved these results on November 14, 2023.

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*this image is generated using AI for illustrative purposes only.

Super Fine Knitters Limited has released its unaudited financial results for the half year ended September 30, 2023, revealing a decrease in both revenue and profit compared to the same period last year.

Revenue Performance

The company reported revenue from operations of Rs 12.34 crore for the half year, marking a decline from Rs 15.52 crore in the corresponding period of the previous year. Total revenue stood at Rs 12.35 crore, down from Rs 15.52 crore in the prior year half.

Profit and Earnings

Despite the revenue decline, Super Fine Knitters managed to maintain profitability, albeit at a lower level. The company posted a profit of Rs 19.21 lakh for the period, a significant decrease from the Rs 1.43 crore profit recorded in the same period last year.

This reduction in profit is reflected in the company's earnings per share (EPS). Both basic and diluted EPS were reported at Rs 0.15, down from Rs 1.15 in the corresponding previous period.

Balance Sheet Overview

The company's financial position remained relatively stable, with total assets slightly decreasing to Rs 40.95 crore from Rs 41.02 crore.

Corporate Governance

The Board of Directors of Super Fine Knitters Limited approved these financial results in a meeting held on November 14, 2023, demonstrating the company's commitment to timely financial reporting and transparency.

Financial Performance Table

Metric H1 FY2024 H1 FY2023 Change
Revenue from Operations 12.34 15.52 -20.49%
Total Revenue 12.35 15.52 -20.42%
Profit 0.19 1.43 -86.57%
Earnings Per Share 0.15 1.15 -86.96%
Total Assets 40.95 41.02 -0.17%

Note: All financial figures are in Rs crore, except for Earnings Per Share which is in Rs.

The financial results indicate that Super Fine Knitters Limited faced challenges in maintaining its revenue and profit levels compared to the previous year. The significant decrease in profit despite a less severe decline in revenue suggests potential increases in costs or changes in the company's operational efficiency. Investors and stakeholders will likely be watching closely to see how the company addresses these challenges in the coming months.

Historical Stock Returns for Super Fine Knitters

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-9.08%-18.70%-23.00%+98.20%
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