Aananda Lakshmi Spinning Mills News

Aananda Lakshmi Spinning Mills Reports Quarterly Loss Despite Income Recognition Adjustment

Aananda Lakshmi Spinning Mills Limited approved unaudited financial results for the quarter ended September 30, 2025. The company reported a net loss of ₹20.52 lakhs for the quarter, with total income of ₹61.44 lakhs. The company has accumulated losses of ₹3,654.05 lakhs as of September 30, 2025, and current liabilities exceed current assets. The company recognized certain income of ₹32.79 lakhs pertaining to the previous quarter in the current quarter results. The spinning division operations were discontinued in September 2020 due to continued cash losses, with assets classified as held for sale. Exceptional items of ₹206.33 lakhs included write-off of export duty credit and provision for cross-subsidy payable. The auditor issued a qualified review report noting no provision for interest payable on outstanding statutory dues of ₹20.60 lakhs.