Kandagiri Spinning Mills Declares Unaudited Standalone Results

Kandagiri Spinning Mills Ltd announced its unaudited standalone financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved these results on August 12, 2026. The independent auditor's limited review report highlighted a loss before tax of ₹65.86 lakhs for the quarter and an erosion of net worth as of June 30, 2026. The auditor expressed concerns about the company's ability to continue as a going concern due to these factors, despite ongoing yarn trading business.