Suryaamba Spinning Mills Reports 37% Jump in Net Profit for Q1 FY2026

Suryaamba Spinning Mills Limited reported strong quarterly results with net profit after tax rising 37.2% to ₹83.72 lakhs compared to ₹61.04 lakhs in the same period last year. Total income from operations grew 5.3% to ₹5,537.80 lakhs. Profit before tax increased significantly by 32% to ₹107.21 lakhs from ₹81.22 lakhs. Earnings per share improved to ₹2.86 from ₹2.08, representing a 37.5% increase. The Board of Directors approved these unaudited financial results at their meeting held on August 14, 2025. The company's statutory auditors issued a limited review report with an unmodified opinion on the standalone financial results. Paid-up equity share capital remained unchanged at ₹293.19 lakhs.

Suryaamba Spinning Mills Re-appoints Mayank Agarwal as Whole-time Director for Five Years

Suryaamba Spinning Mills Limited's Board of Directors approved the re-appointment of Mayank Agarwal as Whole-time Director for a five-year term from August 1, 2025 to July 31, 2030. The decision was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the upcoming Annual General Meeting. Mayank Agarwal, aged 35 years, holds Industrial Engineering degree from Michigan University, USA and MFAB from Indian School of Business, Hyderabad, with expertise in Business Management, Marketing, Finance, Strategic Planning and Corporate Management. He is related to Virender Kumar Agarwal, Managing Director and Seema Agarwal, Joint Managing Director of the company. The company confirmed that Agarwal is not debarred from holding the office of Whole-time Director by any SEBI order or authority.