Maris Spinners
30.44
-30.44(-100.00%)
Market Cap₹24.90 Cr
PE Ratio-50.73
IndustryTextiles
Company Performance:
1D-100.00%
1M-100.00%
6M-100.00%
1Y-100.00%
5Y-100.00%
View Company Insightsright
More news about Maris Spinners
10Feb 26
Maris Spinners Secures High Court Victory for Rs 19.74 Crore Interest Subsidy Payment
Maris Spinners Limited has won a significant legal battle with the Madras High Court directing the Ministry of Textiles to pay Rs 19,73,65,57 as interest subsidy under the Technology Upgradation Fund Scheme within two months. The court quashed the ministry's 2018 rejection order, ruling that the company's eligibility for 4% interest subsidy on its Rs 10 crore term loan cannot be denied due to administrative delays by the nodal bank. This judgment establishes important precedent for textile industry subsidy claims and reinforces the doctrine of promissory estoppel in government scheme implementations.
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21Jan 26
Maris Spinners Limited Receives ₹8.54 Crore Interest Subsidy from Commissioner of Textiles
Maris Spinners Limited has received ₹8.54 crores as partial interest subsidy from the Commissioner of Textiles, representing 42% of its total claimed amount of ₹20.35 crores up to September 2025. The textile manufacturer operates two production units in Karnataka and Tamil Nadu, with this government support enhancing its financial position and operational capabilities.
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12Nov 25
Maris Spinners Reports Reduced Quarterly Loss, Revenue Growth in Q2 FY2026
Maris Spinners Limited reported financial results for Q2 FY2026 ending September 30, 2025. Total income increased to Rs 34.06 crore from Rs 31.90 crore in Q1 FY2026. Net loss reduced to Rs 2.28 crore from Rs 5.31 crore in the previous quarter. Half-year total income grew to Rs 65.96 crore from Rs 63.84 crore year-over-year. The company's total assets stood at Rs 127.46 crore as of September 30, 2025. The Board approved unaudited financial results and related party transactions.
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11Sept 25
Maris Spinners Receives Rs. 2.80 Crore Balance Capital Subsidy, Completing Full Sanctioned Amount
Maris Spinners has received the balance of Rs. 2.80 crore as capital subsidy from the Commissioner of Textiles and Director, Bangalore. This completes the total sanctioned subsidy of Rs. 5.74 crore. The funds have been credited to the company's account, potentially supporting its operations in the textile sector.
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06Aug 25
Maris Spinners Reports Net Loss of Rs 45.34 Lakh in Q1
Maris Spinners Limited reported a net loss of Rs 45.34 lakh for Q1, improving from Rs 68.03 lakh loss in the same quarter last year. Revenue decreased 6.9% year-over-year to Rs 3,996.84 lakh. The company's EPS improved to Rs -0.57 from Rs -0.86. Equity share capital remained stable at Rs 792.48 lakh. The textile manufacturer's performance reflects ongoing industry challenges, including fluctuating raw material prices and global economic uncertainties.
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01Aug 25
Maris Spinners Reports Q2 Loss, Appoints Three New Directors
Maris Spinners Limited reported a net loss of Rs 45.34 lakh for Q1 FY2023-24, compared to a profit of Rs 131.42 lakh in the same quarter last year. Revenue from operations declined by 8.02% to Rs 3,809.52 lakh. The company appointed three new directors: Mr. R Thangamariappan and Mr. R S Ganappathi as Whole-time Directors (Technical), and Mrs. V Sumathi as an Independent Director, all effective from August 1 for a 5-year term, subject to shareholder approval.
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Maris Spinners
30.44
-30.44
(-100.00%)
1 Year Returns:-100.00%
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