KANDAGIRI SPINNING MILLS LTD.-$

Kandagiri Spinning Mills Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and BSE circular LIST/COMP/01/2019-20. The window will commence on July 1, 2026, and will remain closed until 48 hours after the publication of the Unaudited Financial Results for the quarter ended June 30, 2026. All concerned individuals have been advised against trading in the company's securities during this period.

Kandagiri Spinning Mills Ltd. has appointed KUVS & ASSOCIATES, COMPANY SECRETARIES as their Secretarial Auditors for the financial year 2025-26. The appointment was made by the Board of Directors on 30-05-2026. The company stated that reg. 24A of SEBI (LODR) Regulations, 2015 is not applicable as they fall under the exempted category stated under reg 15(2) of SEBI (LODR) Regulations, 2015.

Kandagiri Spinning Mills Ltd. reported its audited standalone financial results for the year ended March 31, 2026. The auditor's report expresses a qualified opinion, highlighting that the company's net worth has been completely eroded. The company incurred a loss of ₹325.29 lakhs for the year, and current liabilities exceed current assets. The auditor indicates material uncertainty regarding the company's ability to continue as a going concern.

Kandagiri Spinning Mills Ltd reported audited standalone financial results for the year ended March 31, 2026. The auditor's report expresses a qualified opinion, highlighting that the company's net worth has been completely eroded, and it incurred a loss of ₹325.29 lakhs for the year. The company's current liabilities exceed its current assets, raising concerns about its ability to continue as a going concern. The financial statements do not include any adjustments that might result had the above uncertainties been known.

Kandagiri Spinning Mills Ltd has announced a Board Meeting scheduled for May 30, 2026, to consider and approve the Audited Standalone Financial Results for the fourth quarter/year ended March 31, 2026. The trading window for dealing in the company's securities has been closed for designated persons from April 1, 2026, and will remain closed until June 1, 2026.

Kandagiri Spinning Mills Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited standalone financial results for the fourth quarter and year ended March 31, 2026. The trading window closure commenced on April 1, 2026, and will remain closed until June 1, 2026.

Kandagiri Spinning Mills Ltd. has announced the closure of the trading window for designated persons in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and BSE circular. The closure will commence from 01-04-2026 and will remain closed till 48 hours after the publication of Board approved Audited financial results for the quarter/year ended 31.03.2026. Designated persons and their immediate relatives are advised not to enter into any transaction involving the securities of the Company during this period.

Kandagiri Spinning Mills Ltd. has announced the approval of the sale of its entire shares in the associate company SPMM Health Care Services Private Limited. The sale includes 20,00,000 equity shares. The sale price is fixed at Rs 11.44 per share, making the total sale consideration Rs 2,28,80,000. The buyers include Mr. S. Devarajan, Mr. S. Jegarajan, and Mr. S. Dinakaran, all from Salem. The transaction is not a related party transaction and is expected to be completed before 31.03.2026. The associate company contributed Rs 8.63 lakhs to the profit and had a net worth of Rs 216.44 lakhs as of the last financial year.

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.

Kandagiri Spinning Mills Ltd. has reported a loss before tax of Rs. 65.51 lakhs and Rs. 59.85 lakhs for the quarters ended December 31, 2025, and September 30, 2025, respectively. The company's net worth has also seen an erosion as of December 31, 2025. Despite incurring losses, the company intends to continue its yarn trading business, with promoters infusing additional funds as necessary. The consolidated financial results include the standalone results of the parent company and its associate, SPMM Healthcare Services Private Limited.