Girnar Spintex Approves Unaudited Q1 FY27 Results; Expansion Update

Girnar Spintex Industries Ltd (formerly Amit Spinning Industries Ltd) announced its Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The Board of Directors approved these results along with a Limited Review Report. The company also provided an update on its expansion and modernization projects. The Processing Division's erection is in the final stage, expected to complete within a month, with commercial production commencing by end-September 2026. Trial job work has already begun. The Spinning Division has completed shifting banking facilities and secured an expansion loan. 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-November 2026. The company confirmed no defaults on loans and no related party transactions requiring disclosure.