Change in Statutory Auditors – Salona Cotspin Limited

Outgoing Auditor

Name of the Resigning Firm: Not Specified

Reason for Resignation: Not Specified

Effective Date of Resignation: Not Specified

Date of Resignation Letter: Not Specified

Duration in Role: Not Specified

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: Not Specified

Regulatory Compliance Statement

The company has complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial Results Overview

The Board of Directors meeting held on May 29, 2026 (3:00 PM to 5:40 PM) approved:

Quarterly Results (Q4 FY26 vs Q4 FY25):

  • Revenue from Operations: ₹11,045.56 lakh (vs ₹14,779.18 lakh in Q4 FY25)
  • Total Income: ₹11,069.67 lakh (vs ₹14,775.72 lakh in Q4 FY25)
  • Net Loss: ₹114.81 lakh (vs Net Loss of ₹271.43 lakh in Q4 FY25)
  • Total Comprehensive Loss: ₹114.81 lakh (vs ₹271.43 lakh in Q4 FY25)
  • Basic EPS: ₹-2.59 (vs ₹-5.54 in Q4 FY25)

Annual Results (FY26 vs FY25):

  • Revenue from Operations: ₹59,381.62 lakh (vs ₹58,958.90 lakh in FY25)
  • Total Income: ₹59,437.87 lakh (vs ₹58,958.90 lakh in FY25)
  • Net Profit: ₹156.14 lakh (vs ₹2.97 lakh in FY25)
  • Total Comprehensive Income: ₹178.89 lakh (vs ₹32.83 lakh in FY25)
  • Basic EPS: ₹2.97 (vs ₹0.06 in FY25)

Dividend Declaration

The Board recommended a dividend of ₹0.60 per share (6%) having face value of ₹10 each for FY 2025-2026, subject to shareholder approval at the ensuing Annual General Meeting.

Cost Auditor Appointment

The Board approved the appointment of Mr. B. Venkateswar, Practicing Cost Accountant, as the Cost Auditor of the Company for the financial year 2026-27.

Brief Profile of Cost Auditor:

Mr. B. Venkateswar is a seasoned Cost Auditor with nearly three decades of extensive experience in cost accounting, maintenance of cost accounting records, and implementation of Costing Management Information Systems (MIS). He has significant experience in management audits, GST audits, internal audits, stock valuation, and costing certifications. He has catered to clients across textiles, iron and steel, machinery, sugar, rubber, and the power sector.

Financial Position (as of March 31, 2026):

  • Total Assets: ₹30,425.11 lakh
  • Total Equity: ₹8,377.65 lakh
  • Paid-up Equity Share Capital: ₹532.89 lakh
  • Other Equity: ₹7,844.76 lakh
  • Non-Current Liabilities: ₹6,410.57 lakh
  • Current Liabilities: ₹15,636.89 lakh

Cash Flow Statement (FY26):

  • Net cash from operating activities: ₹7,926.89 lakh
  • Net cash from investing activities: ₹-983.14 lakh
  • Net cash from financing activities: ₹-6,946.16 lakh
  • Net decrease in cash and cash equivalents: ₹-2.41 lakh

Additional Information:

  • The company's main business is manufacture and sale of Textiles with no other reportable segments
  • The company does not have any subsidiary/associate/joint venture companies as of March 31, 2026
  • The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)
  • The implementation of new Labour Codes does not have a material impact on financial results
  • The information will be made available on the Company's website www.salonacotspin.com