Latest news about Sri Nachammai Cotton Mills
Sri Nachammai Cotton Mills
26.79
-0.01(-0.04%)
Company Performance:
View Company Insights1D-0.04%
1M-7.46%
6M-7.94%
1Y-26.96%
5Y0.00%
More news about Sri Nachammai Cotton Mills
19May 26
Sri Nachammai Cotton Mills discloses related party transactions for FY26
Sri Nachammai Cotton Mills disclosed related party transactions for the half-year ended March 31, 2026, detailing corporate and unsecured loans, repayments, and managerial remuneration. The company reported significant transactions with Supreme Yarn Spinners Private Ltd, Raja Yarns Private Limited, and key management personnel. Outstanding payables to related parties totaled over ₹4,800 lakh.
19May 26
Sri Nachammai Cotton Mills Reports ₹379.75 Lakhs Net Loss for FY26 Amid Weak Yarn Demand
Sri Nachammai Cotton Mills reported audited standalone results for the year ended March 31, 2026, with a net loss of ₹379.75 lakhs and revenue from operations declining to ₹6,452.91 lakhs amid weak yarn demand. An exceptional income of ₹658.88 lakhs from redeemable preference share modification narrowed the pre-tax loss to ₹34.66 lakhs, while operating cash flow improved significantly to ₹1,349.01 lakhs. Power and fuel costs reduced sharply due to captive solar power usage, though current borrowings rose and total equity declined to ₹1,228.68 lakhs.
07May 26
Sri Nachammai Cotton Mills Schedules 76th Board Meeting on May 19, 2026 to Consider Q4 and Full-Year Audited Results
Sri Nachammai Cotton Mills has notified BSE Limited of its 76th Board of Directors meeting to be held on May 19, 2026, at 11:30 A.M. at its Salem registered office. The meeting is convened under Regulation 29 of the SEBI (LODR) Regulations, 2015, to consider audited standalone financial results for the quarter and year ended March 31, 2026, along with an Auditors' Report with unmodified opinion. The trading window for specified persons has been closed from April 1, 2026 to May 21, 2026 (both days inclusive) under SEBI (Prohibition of Insider Trading) Regulations, 2015. The intimation was signed by Chairman cum Managing Director P. Umayal on May 7, 2026.
15Apr 26
Sri Nachammai Cotton Mills Submits SEBI Compliance Certificate for Q4 FY26
Sri Nachammai Cotton Mills Limited submitted its Q4 FY26 compliance certificate under SEBI Depositories Regulations to BSE Limited on 15.04.2026. The certificate from Cameo Corporate Services Limited confirms proper dematerialisation processes, including verification, cancellation of physical certificates, and timely substitution of depository names in the register of members for the quarter ended 31st March, 2026.
12Feb 26
Sri Nachammai Cotton Mills Reports Q3FY26 Results with Board Approval on February 12
Sri Nachammai Cotton Mills announced Q3FY26 results showing widened losses of ₹306.41 lakhs despite cost savings from solar power operations. The company achieved significant reductions in power and fuel expenses but faced continued challenges from poor yarn demand and cotton-yarn price disparities.
11Nov 25
Sri Nachammai Cotton Mills Reports Q2 Loss Despite Income Boost from Preference Share Redemption Extension
Sri Nachammai Cotton Mills Limited reported a net loss of ₹104.93 lakhs for Q2 ended September 30, compared to a profit of ₹638.16 lakhs in the same quarter last year. Total income decreased by 6.82% to ₹1,295.20 lakhs. The company received a one-time income of ₹6.58 crores from extending preference share redemption by 7 years. Power costs reduced due to increased solar power usage, with an additional 1 MW solar plant installed. The company faces challenges from poor yarn demand and cotton price disparities.
11Aug 25
Sri Nachammai Cotton Mills Reports ₹5.38 Crore Profit in Q1, Boosted by Exceptional Income
Sri Nachammai Cotton Mills Limited posted a net profit of ₹5.38 crores in Q1, compared to a loss of ₹3.21 crores in the same quarter last year. Revenue increased by 22.22% to ₹17.00 crores, while total expenses decreased by 21.37%. An exceptional income of ₹6.59 crores from restructuring redeemable preference shares contributed significantly to the profit. The company implemented cost-control measures, including reduced capacity operation and solar power installation. Despite improvements, challenges persist due to poor yarn demand and price disparities in the textile industry.
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