Bannari Amman Spinning Mills Swings to Profit in Q1, Reports Rs 5.03 Crore PAT Aug 11, 2025
More news about Bannari Amman Spinning Mills
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.
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.