Key Financial Figures (FY 2025-26)

  • Revenue from operations: ₹6.63 crore
  • Other income: ₹0.24 crore
  • Total income: ₹6.87 crore
  • Finance cost: ₹1.96 crore
  • Depreciation and amortization: ₹1.21 crore
  • Profit before tax from continuing operations: ₹1.72 crore
  • Current and deferred tax: ₹3.99 crore
  • Loss from continuing operations: ₹(2.27) crore
  • Loss from discontinued operations: ₹(14.14) crore
  • Other comprehensive income: ₹0.01 crore
  • Total comprehensive loss for the year: ₹(16.41) crore
  • Earnings per share (basic and diluted): ₹(2.98) per share
  • Paid-up share capital: ₹5.50 crore (5.5 crore equity shares of ₹1 each)

AGM Details

  • Date: Friday, August 28, 2026
  • Time: 3:30 PM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Business:

1. To adopt audited financial statements for FY ended March 31, 2026

2. To reappoint Mr. Sanjay Krishna Ramamurthi (DIN: 08730627) as director who retires by rotation

Corporate Actions and Strategic Updates

  • Business transition: Company has exited textiles business and is focusing on rental and real estate services
  • Asset monetization: Company has leased out certain properties at SUPER SARA unit generating significant rental income
  • Land transactions: Transferred land parcel at registered office to Mr. Sumanth Ramamurthi against loan extended to Company
  • Development projects:
  • Project at registered office through development partner (approval obtained July 23, 2025)
  • Joint Development Agreement for land in Hindupur (approval obtained March 7, 2026)
  • Share capital: No change during the year; remains at 5.5 crore equity shares of ₹1 each
  • Dividend: No dividend recommended due to losses

Key Personnel

  • Chairman & Managing Director: Mr. Sumanth Ramamurthi (reappointed for 5 years from April 1, 2026)
  • Chief Financial Officer: Mrs. Padmavathy P
  • Company Secretary & Compliance Officer: Mrs. Sabeetha Devarajan
  • Statutory Auditors: C S K Prabhu and Co LLP (appointed till 2027 AGM)
  • Secretarial Auditors: MDS & Associates LLP (appointed till 2030 AGM)

Financial Position (as at March 31, 2026)

  • Total assets: ₹100.17 crore
  • Investment properties: ₹86.35 crore
  • Non-current assets held for sale: ₹1.46 crore
  • Cash and cash equivalents: ₹1.54 crore
  • Total equity: ₹55.19 crore
  • Borrowings: ₹14.88 crore (Long-term: ₹12.54 crore, Short-term: ₹2.34 crore)
  • Trade receivables: ₹0.79 crore
  • Net worth: ₹55.19 crore

Related Party Transactions

Material related party transactions approved by shareholders:

  • Sale of land to Mr. Sumanth Ramamurthi (Promoter) - aggregate value up to ₹7 crore
  • Sale of land to Elgi Electric and Industries Limited (Promoter Group) - aggregate value up to ₹2 crore

All transactions conducted at arm's length basis.

Risk Factors

  • Real estate sector exposure to economic conditions, regulatory changes, and market demand
  • Pending tax litigations amounting to ₹6.61 crore (excluding interest and penalties)
  • Electricity disputes with SPDCL involving claims of ₹87.37 crore
  • Transition from manufacturing to real estate business model

Corporate Governance

  • Board comprises 6 directors with appropriate mix of executive, non-executive and independent directors
  • Four board committees constituted: Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR
  • Whistle Blower policy implemented with no complaints received during the year
  • Familiarization program conducted for independent directors

Forward Outlook

Company focusing on strategic transformation towards real estate development and asset monetization, with emphasis on creating sustainable recurring revenue streams through optimal utilization of existing land bank and infrastructure.

#Tags: #SuperSpinningMills #FY2026Results #AGMNotice #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative