Kandagiri Spinning Mills Ltd. Approves Sale of Shares in Associate Company and Reports Q3 Loss

Kandagiri Spinning Mills Ltd. announced the outcomes of its board meeting held on 12.02.2026. The company reported unaudited financial results for the quarter and nine months ended 31.12.2025, revealing a loss before tax of Rs. 65.51 lakhs and Rs. 59.85 lakhs, respectively. The board also approved the sale of its entire shares (20,00,000 equity shares) in the associate company, M/s SPMM Health Care Services Private Limited. The company's net worth has eroded, raising concerns about its ability to continue as a going concern. However, the promoters have committed to infusing additional funds as needed.