Company Overview

Nitin Spinners Limited (Scrip Code: 532598) reported its FY2025-26 financial results and announced details for its 34th Annual General Meeting. The company operates in the textiles sector with significant export contribution (61.87% of revenue).

Financial Performance

FY26 revenue declined 2.8% to ₹3,213.87 crore from ₹3,305.65 crore in FY25, while net profit showed marginal growth of 1.2% to ₹177.55 crore. EBITDA stood at ₹457.75 crore with a 14.24% margin, and EPS was ₹31.58. The company maintained a stable capital structure with issued capital of ₹56.22 crore and improved its gearing ratio to 0.76 from 0.88.

Dividend Declaration

The Board proposed a final dividend of ₹3.00 per equity share for FY26, maintaining the same payout as the previous year. The register of members will remain closed from September 15-21, 2026, with dividend payment scheduled within 30 days of declaration if approved at the AGM.

AGM Details & Corporate Actions

The 34th Annual General Meeting is scheduled for September 21, 2026, at 3:00 PM IST via video conferencing. Key agenda items include adoption of financial statements, dividend declaration, re-appointment of Director Dinesh Nolkha, and re-appointment of Independent Director Rohit Swadheen Mehta for a second five-year term. The meeting also includes ratification of cost auditor remuneration of ₹1 lakh plus taxes.

Expansion & Financing

The company secured a fresh term loan of ₹815 crore for expansion projects, with ₹88.08 crore disbursed by March 31, 2026. The ongoing expansion has an estimated cost of ₹1,120 crores for spinning, weaving, and finishing facilities, with renewable energy projects of ₹230 crores also in progress. Upon completion, spinning capacity will reach 5.50 lakh equivalent spindles.

Corporate Governance & Compliance

The company demonstrated strong compliance with SEBI Listing Regulations and Companies Act requirements. CSR expenditure amounted to ₹149.35 lakhs with an unspent balance of ₹260.53 lakhs transferred to designated accounts. Remote e-voting is available from September 17-20, 2026, with detailed procedures provided for both demat and physical shareholders.

Key Financial Metrics

  • Net Worth: ₹1,471 crores
  • Total Gross Debt: ₹1,124.50 crore
  • Inventory: ₹607.65 crore (primarily raw cotton at ₹428.38 crore)
  • Trade Receivables: ₹431.87 crore
  • Property, Plant & Equipment: ₹738.60 crore net block
  • Government Grants: ₹21.66 crore received during FY26