Bannari Amman Spinning Mills Share Price Today

Bannari Amman Spinning Mills reappoints MD, approves dividend at AGM

Bannari Amman Spinning Mills Limited concluded its 36th AGM with unanimous approval of key resolutions, including the reappointment of MD S V Arumugam for three years and the declaration of dividends. The meeting saw high promoter participation and overwhelming support from public shareholders, with over 99% of votes cast in favor of all agenda items.

Bannari Amman Spinning Mills profit surges 175% on tax savings

Bannari Amman Spinning Mills posted a strong Q1FY27 net profit of ₹138.16 crore, up 175% YoY, fueled by non-operating tax benefits and warrant forfeiture. Revenue remained flat at ₹216.51 crore while EBITDA declined 17.7% to ₹188.03 crore due to higher material costs.

Bannari Amman Spinning Mills fixes record date for dividend

Bannari Amman Spinning Mills Limited has announced a dividend of ₹0.25 per share for FY26, with a record date of August 3, 2026. The company scheduled its 36th AGM for August 10, 2026, and set the book closure from August 4 to August 10, 2026.

Bannari Amman Spinning Mills returns to profit in FY26

Bannari Amman Spinning Mills Limited returned to profitability in FY26 with a net profit of ₹1,689.74 lakh, reversing the previous year's loss of ₹121.92 lakh. Revenue from operations decreased marginally to ₹87,032.40 lakh from ₹88,735.86 lakh in FY25, supported by reduced total expenses. The Board approved the audited financial results, recommended a dividend of ₹0.25 per share, and re-appointed S V Arumugam as Managing Director for three years. Additionally, the company appointed a Cost Auditor, re-appointed Internal Auditors, and undertook capital structure adjustments including the allotment and forfeiture of equity warrants.

Bannari Amman Spinning Mills Schedules Board Meeting on May 29, 2026 to Approve FY26 Audited Results

Bannari Amman Spinning Mills has notified stock exchanges of a Board of Directors meeting on May 29, 2026, to approve audited financial results for the year ended March 31, 2026, and consider dividend recommendation for FY2025-2026. The trading window closure is in effect from April 1, 2026 to May 31, 2026, as per applicable listing regulations.

Bannari Amman Spinning Mills to Forfeit Convertible Share Warrants After Allottees Miss Payment Deadline

Bannari Amman Spinning Mills has informed stock exchanges that three allottees — M/s Murugan Enterprise Private Limited (32,25,806 warrants), Mrs. Ruchi Gupta (3,00,000 warrants), and Mr. Subhash Phootarmal Rathod (7,00,000 warrants) — failed to pay the balance subscription amount by May 3, 2026, for convertible share warrants issued on November 4, 2024. The forfeiture will be executed under Regulation 169(3) of SEBI (ICDR) Regulations, 2018, and a shareholder-approved Postal Ballot resolution dated October 4, 2024. The Board of Directors is expected to pass the necessary resolution at its forthcoming meeting.