Kandagiri Spinning Mills Holds 50th AGM, Discusses Revival

Kandagiri Spinning Mills Ltd held its 50th Annual General Meeting (AGM) on September 25, 2026, via video conference. The meeting marked the company's 50th anniversary. Key discussions included the adoption of audited financial statements for FY2025-26, reappointment of directors, and auditor remuneration. The Chairman acknowledged the company's challenges in the yarn trading business, including continued losses, and highlighted the new management's focus on revival, stability, and long-term value creation. Strategic alternatives and new business opportunities are being explored. The independent auditors' report noted a material uncertainty related to the going concern assumption.