Latest news about Bannari Amman Spinning Mills
Bannari Amman Spinning Mills
25.36
+0.46(+1.85%)
Company Performance:
View Company Insights1D+1.85%
1M-4.01%
6M+4.06%
1Y-14.58%
5Y-52.22%
More news about Bannari Amman Spinning Mills
05May 26
Bannari Amman Spinning Mills to Forfeit Convertible Share Warrants After Allottees Miss Payment Deadline
Bannari Amman Spinning Mills has informed stock exchanges that three allottees — M/s Murugan Enterprise Private Limited (32,25,806 warrants), Mrs. Ruchi Gupta (3,00,000 warrants), and Mr. Subhash Phootarmal Rathod (7,00,000 warrants) — failed to pay the balance subscription amount by May 3, 2026, for convertible share warrants issued on November 4, 2024. The forfeiture will be executed under Regulation 169(3) of SEBI (ICDR) Regulations, 2018, and a shareholder-approved Postal Ballot resolution dated October 4, 2024. The Board of Directors is expected to pass the necessary resolution at its forthcoming meeting.
07Apr 26
Bannari Amman Spinning Mills Submits SEBI Compliance Certificate for Q4 FY26
Bannari Amman Spinning Mills Limited filed its SEBI Regulation 74(5) compliance certificate for the quarter ended March 31, 2026, confirming that all security certificates received for dematerialization were processed within the prescribed 15-day timeline. The filing was supported by confirmation from registrar MUFG Intime India Private Limited, verifying proper handling of physical certificates and compliance with all regulatory requirements.
28Feb 26
Bannari Amman Spinning Mills Fined ₹68,000 Each by BSE and NSE for Regulatory Non-Compliance
Bannari Amman Spinning Mills Limited faces ₹68,000 fines each from BSE and NSE for violating Regulation 17(1A) by appointing an independent director above 75 years without required shareholder approval. The company received penalty notices on February 27, 2026, with 15 days to pay, and plans to appeal for waiver while ensuring compliance.
14Feb 26
Bannari Amman Spinning Mills Submits Q3FY26 Unaudited Financial Results
Bannari Amman Spinning Mills Limited has completed its regulatory filing by submitting unaudited financial results for Q3FY26 ended December 31, 2025, to both NSE and BSE. The comprehensive documentation includes quarterly and nine-month financial statements along with statutory auditor reports, ensuring full compliance with SEBI listing requirements.
23Jan 26
Bannari Amman Spinning Mills Schedules Board Meeting for February 14, 2026 to Consider Q3 FY26 Results
Bannari Amman Spinning Mills Limited has scheduled a Board of Directors meeting for February 14, 2026, to consider and approve Q3 FY26 unaudited financial results for the quarter ended December 31, 2025. The company has notified stock exchanges and implemented a trading window closure from January 1 to February 16, 2026, extending 48 hours after results declaration as per regulatory compliance requirements.
19Dec 25
Bannari Amman Spinning Mills Appoints Sri R Shanmugavelayutham as Independent Director
Bannari Amman Spinning Mills Limited successfully appointed Sri R Shanmugavelayutham (DIN 01205640) as an Independent Director through a postal ballot process that concluded on December 18, 2025. The appointment received overwhelming shareholder support with 99.92% approval, with 95,917 votes polled representing 0.24% of outstanding shares. The company informed stock exchanges on December 19, 2025, in compliance with SEBI listing regulations.
11Aug 25
Bannari Amman Spinning Mills Swings to Profit in Q1, Reports Rs 5.03 Crore PAT
Bannari Amman Spinning Mills reported a profit after tax of Rs 5.03 crore in Q1, compared to a loss of Rs 32.30 crore in the same quarter last year. Revenue increased marginally by 0.7% to Rs 217.39 crore. The company's EBITDA margin improved to 11.1% from 6.9%. A successful rights issue raised Rs 407.15 crore. The Board approved a 9.74 MW solar power project. The company is in the process of selling its garment unit at Palladam and land at SIPCOT, Perundurai, pending lender approvals.
01Aug 25
Bannari Amman Spinning Mills Secures Shareholder Approval for Warrant Issuance to Promoters
Bannari Amman Spinning Mills Limited (BASML) has received shareholder approval to issue warrants convertible into equity shares to promoters and promoter group on a preferential basis. The postal ballot saw 49.66% participation, with 99.97% of votes cast in favor of the resolution. Promoters and public institutions showed unanimous support, while public non-institutions voted 83.29% in favor. The scrutinizer, R Dhanasekaran, confirmed the voting results and the passage of the resolution.
21May 25
Bannari Amman Spinning Mills Turns Profitable in Q4, Reports Improved EBITDA
Bannari Amman Spinning Mills achieved profitability in Q4, reporting a revenue of ₹213.30 crore and a net profit of ₹1.10 crore. The company's EBITDA improved to ₹19.60 crore with a 9.35% EBITDA margin. Despite slight decreases from Q3, the company maintained profitability and improved operating profit by 1.57%. This performance indicates successful cost management and operational efficiency in a challenging textile industry environment.
24Apr 25
Bannari Amman Spinning Mills Unveils Details of ₹40.71 Crore Rights Issue
Bannari Amman Spinning Mills Limited (BASML) has announced a rights issue to raise up to ₹40.71 crore. The company will issue 1,50,79,504 equity shares at ₹27 per share, with a face value of ₹5 and a premium of ₹22. The rights entitlement ratio is 10 shares for every 43 shares held. The record date is set for April 30, 2025, with the issue opening on May 13, 2025, and closing on May 26, 2025. The rights entitlement will be credited to eligible shareholders' demat accounts under ISIN INE186H20022.
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