Amit Spinning declares Q1 FY27 unaudited results, expansion update

Amit Spinning Industries Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors also provided an update on the expansion and modernization of its composite textile plant. The Processing Division's erection and installation are in the final stage, expected to be completed within a month, with commercial production commencing by end of September 2026. Trial job work has already begun. The Spinning Division has completed shifting banking facilities and secured a loan sanction for expansion. An order for 11,040 additional spindles has been placed, with delivery expected within a month. Commercial production for the expanded Spinning Division is anticipated by end of November 2026. The company confirmed no defaults on loans and no deviation in proceeds from any issues.