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SUPERSPIN - Super Spinning

📊 NSE: SUPERSPIN 🏢 Miscellaneous 📅 Last Updated: 12/14/2025 13:52

📢 Recent Corporate Announcements

Super Spinning Mills Shareholders Approve Sale and Joint Development of Real Estate Assets

🟢 POSITIVE ⭐ 7/10

OTHER 📅 09 Mar 2026, 04:29 PM

Super Spinning Mills Limited has received shareholder approval via a special resolution to sell, lease, or enter into joint development for its immovable properties. The primary asset involved is the Super B Unit-Quarters Premises located in Kotnur Village, Andhra Pradesh. The resolution passed with near-unanimous support, including 99.94% of public shareholder votes. This strategic move enables the company to monetize its land and building assets to potentially improve its financial position.

Shareholders approved the sale or joint development of the Super B Unit-Quarters Premises in Andhra Pradesh.
The special resolution received 2,32,87,228 votes in favor, representing 100% of valid votes cast.
Public shareholder participation showed 3,11,034 votes in favor and only 172 votes against.
The approval was granted under Section 180(1)(a) of the Companies Act, 2013, regarding the disposal of company undertakings.

💡 Watch for further announcements regarding the specific deal terms and the intended use of the proceeds from this asset monetization. This move is likely to strengthen the company's balance sheet or fund future operational needs.

Super Spinning Mills Shareholders Approve Sale or Joint Development of Property Assets

🟢 POSITIVE ⭐ 7/10

OTHER 📅 09 Mar 2026, 04:27 PM

Super Spinning Mills Limited has received shareholder approval to sell, lease, or enter into joint development for specific immovable properties. The special resolution, passed via postal ballot, received 100% support from voting shareholders with 2,32,87,228 votes in favor. The assets include the Super B Unit-Quarters Premises located in Andhra Pradesh. This approval allows the company to monetize non-core assets or seek value-adding partnerships for its land and buildings.

Special resolution passed with 100% of valid votes (2,32,87,228 shares) in favor.
Public shareholders supported the move with 99.94% (3,11,034 votes) in favor.
The approval covers the sale or joint development of the Super B Unit-Quarters Premises in Andhra Pradesh.
The move is conducted under Section 180(1)(a) of the Companies Act, 2013, regarding the disposal of undertakings.

💡 Investors should monitor the company's next steps regarding the specific terms of the sale or development agreement. The proceeds could significantly improve the company's liquidity or debt profile.

Super Spinning Mills Q3 Net Profit Jumps to ₹1.13 Cr vs ₹0.11 Cr YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 02:17 PM

Super Spinning Mills reported a significant turnaround in Q3 FY26, with a total net profit of ₹112.63 lakhs compared to ₹10.76 lakhs in the same quarter last year. The company's continuing operations, primarily rental services, generated a steady income of ₹168.38 lakhs, while losses from discontinued textile operations narrowed significantly to ₹3.51 lakhs. A key driver for the bottom line was a combined exceptional gain of ₹121.77 lakhs. The 9-month performance also turned positive with a profit of ₹133.18 lakhs against a loss of ₹35.51 lakhs in the previous year.

Total Net Profit for Q3 FY26 stood at ₹112.63 lakhs vs ₹10.76 lakhs YoY.
Revenue from continuing operations (Rental Services) remained stable at ₹157.97 lakhs.
Losses from discontinued textile operations reduced to ₹3.51 lakhs from ₹25.58 lakhs YoY.
Exceptional items contributed a net gain of ₹121.77 lakhs to the pre-tax profit in the current quarter.
9-month FY26 profit reached ₹133.18 lakhs, reversing a loss of ₹35.51 lakhs in 9M FY25.

💡 The company has successfully pivoted from textiles to rental services, leading to a return to profitability. Investors should monitor the sustainability of rental income and the final settlement of liabilities related to discontinued operations.

Super Spinning Mills Q3 Net Profit Jumps to ₹112.63 Lakhs Driven by Exceptional Gains

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 11 Feb 2026, 02:13 PM

Super Spinning Mills reported a net profit of ₹112.63 lakhs for Q3 FY26, a sharp rise from ₹10.76 lakhs in Q3 FY25. This performance was heavily influenced by exceptional gains amounting to ₹121.77 lakhs across continuing and discontinued operations. Revenue from continuing operations, which now consists solely of rental services, remained stagnant at ₹157.97 lakhs. The company continues to manage the fallout of its discontinued textile operations, which saw a reduced loss of ₹3.51 lakhs this quarter.

Net Profit surged to ₹112.63 lakhs in Q3 FY26 from ₹10.76 lakhs in Q3 FY25.
Revenue from Rental Services (Continuing Operations) was ₹157.97 lakhs, showing zero growth YoY.
Exceptional items contributed ₹121.77 lakhs to the total profit before tax.
Finance costs for continuing operations decreased to ₹28.36 lakhs from ₹41.08 lakhs YoY.
Basic and Diluted EPS rose to ₹0.20 compared to ₹0.02 in the previous year's quarter.

💡 The profit growth is non-operational and driven by one-time gains; hence, investors should remain cautious. Focus on the stability of the rental services segment as the primary revenue driver following the textile business exit.

Super Spinning Mills to Sell 15.30 Acres Land to Reduce Debt

🟢 POSITIVE ⭐ 7/10

M&A 📅 05 Feb 2026, 01:45 PM

Super Spinning Mills Limited has initiated a postal ballot to seek shareholder approval for the sale or joint development of 15.30 acres of land and buildings in Andhra Pradesh. This strategic move is intended to restructure business operations and significantly reduce the company's long-term and short-term debt obligations. The asset, located at the SUPER B UNIT in Hindupur, is classified as a substantial undertaking, requiring a special resolution. The e-voting process for this proposal will conclude on March 7, 2026.

Proposed disposal or joint development of 15.30 acres of land and buildings in Sri Sathya Sai District, Andhra Pradesh.
Sale proceeds are earmarked for the repayment of existing long-term and short-term debts.
The transaction will be conducted with non-related parties at a price not less than the prevailing market rate.
E-voting period is set from February 6, 2026, to March 7, 2026, with results expected within two working days.
Approval requires a special resolution where votes by public shareholders in favor must exceed those against.

💡 Investors should view this as a positive step toward deleveraging the balance sheet and improving financial stability. Monitor the voting results on March 7 to confirm if the company can proceed with the asset monetization.

Super Spinning Mills to Sell or Develop Land Worth 33.5% of Company Net Worth

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 31 Jan 2026, 05:49 PM

Super Spinning Mills has approved the sale, disposal, or joint development of its 'SUPER B UNIT' quarters premises located in Andhra Pradesh. The asset is significant, representing 33.54% of the company's net worth (Rs. 1851.30 lakhs), despite contributing only 1.41% (Rs. 9.37 lakhs) to total revenue. The company will seek shareholder approval via a special resolution through a postal ballot for this transaction. This move is aimed at monetizing underutilized assets to potentially improve the company's financial position.

Board approved the disposal or joint development of land and buildings at SUPER B UNIT in Andhra Pradesh.
The asset accounts for 33.54% of the company's net worth, valued at approximately Rs. 1851.30 lakhs.
The unit's revenue contribution was minimal at just 1.41% (Rs. 9.37 lakhs) during the last financial year.
Transaction will be conducted with unrelated parties at prices not less than prevailing market rates.
Shareholder approval will be sought through a Postal Ballot process as per regulatory requirements.

💡 Investors should view this as a positive step toward unlocking value from non-core assets. Monitor the final sale consideration and management's plan for utilizing the cash proceeds, such as debt reduction or reinvestment.

Super Spinning Mills to Monetize Land Asset Valued at Rs 18.51 Cr (33.5% of Net Worth)

🟢 POSITIVE ⭐ 7/10

M&A 📅 31 Jan 2026, 05:47 PM

Super Spinning Mills has received board approval to sell, dispose of, or enter into a joint development agreement for its land and buildings at the SUPER B UNIT in Andhra Pradesh. The asset is significant, representing 33.54% of the company's net worth (Rs 1851.30 lakhs), although it generates negligible revenue of just Rs 9.37 lakhs (1.41% of total). The company will seek shareholder approval via a postal ballot for this transaction, which aims to monetize non-core assets to unrelated parties.

Board approved the disposal or joint development of land and buildings at SUPER B UNIT, Andhra Pradesh.
The undertaking's net worth is valued at Rs 1,851.30 lakhs, accounting for 33.54% of the company's total net worth.
Revenue contribution from the unit was only Rs 9.37 lakhs (1.41% of total) in the last financial year.
The transaction is subject to shareholder approval via Special Resolution through a Postal Ballot process.
The company intends to sell to unrelated parties at prices not less than prevailing market rates.

💡 Investors should view this as a positive move to unlock value from underutilized assets, which could improve the company's balance sheet. Monitor the final sale price and how the management intends to deploy the proceeds.

Super Spinning Mills Signs JDA for Commercial Development; to Get 17.5% Area Share

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 21 Jan 2026, 06:20 PM

Super Spinning Mills has entered into a Joint Development Agreement (JDA) with Srivari Commercial Spaces LLP to develop its 'Elgi Towers' property in Coimbatore. The project involves 87.98 cents of land which will be developed into a commercial space with related amenities. Under the terms, the company will receive a 17.50% share of the total constructed area, while the developer will bear all costs related to approvals and construction. This move allows the company to monetize its land assets without incurring capital expenditure or development risk.

Joint Development Agreement for 87.98 cents of land at Elgi Towers, Coimbatore.
Super Spinning Mills to receive a 17.50% share of the total constructed commercial area.
Developer to bear 100% of the costs for approvals, construction, and maintenance.
Company received a refundable advance of ₹11 lakhs as part of its share of the agreement.
The developer, Srivari Commercial Spaces LLP, will retain a 60% share in the constructed area.

💡 This is a positive asset monetization strategy that unlocks value from real estate without adding debt. Investors should monitor the project's execution timeline and the eventual rental or sale value of the company's 17.5% share.

Super Spinning Mills Signs JDA for Commercial Development; to Retain 17.5% Share

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 21 Jan 2026, 06:19 PM

Super Spinning Mills has executed a Joint Development Agreement (JDA) with Srivari Commercial Spaces LLP for its 87.98-cent 'Elgi Towers' property in Coimbatore. The company will receive a 17.50% share of the constructed commercial area, while the developer will bear all construction and maintenance costs. This follows a shareholder resolution from July 2025 to monetize the land. The developer has paid a refundable advance of ₹11 lakhs to the company as part of the deal.

JDA signed for commercial development of 87.98 cents of land at Elgi Towers, Coimbatore.
Super Spinning Mills to receive 17.50% of the constructed area; Developer takes 60%.
Developer Srivari Commercial Spaces LLP to bear 100% of construction and maintenance costs.
Company received a refundable advance of ₹11 lakhs as part of the agreement.
The transaction is not a related party transaction and follows previous shareholder approval.

💡 This is a value-unlocking move for the company's real estate assets without incurring capital expenditure. Investors should monitor the development timeline to estimate future cash flows from the 17.5% share of the commercial space.

Super Spinning Mills Submits SEBI Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 05:29 PM

Super Spinning Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all share dematerialization and rematerialization requests for the quarter ended December 31, 2025, were processed within prescribed timelines. It further validates that physical certificates were mutilated and cancelled after verification, with the depositories' names updated in the register of members. This is a standard procedural filing required for listed companies in India.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Registrar MUFG Intime India Private Limited confirmed timely processing of all requests
Physical security certificates were mutilated and cancelled as per regulatory norms

💡 No action is required as this is a routine administrative filing. Investors should monitor the company's upcoming quarterly financial results for fundamental performance indicators.

Super Spinning Mills Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Dec 2025, 01:00 PM

Super Spinning Mills Limited has informed the stock exchanges that its trading window will be closed starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons, including directors and promoters, until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced at a later time.

Trading window closure begins on January 1, 2026, for the quarter ending December 31, 2025.
Restriction applies to all Directors, Promoters, and Designated Persons of the company.
The window will reopen 48 hours after the financial results are officially communicated to the exchanges.
The date of the Board Meeting for result consideration is yet to be finalized and announced.

💡 This is a routine regulatory filing with no direct impact on company fundamentals. Investors should wait for the upcoming board meeting announcement to assess the quarterly financial performance.

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💰 Financial Performance

Revenue Growth by Segment

Rental services revenue for H1 FY26 was INR 3.09 Cr, representing a slight decline of 1.9% compared to INR 3.15 Cr in H1 FY25. The Textile segment has been classified as a discontinued operation and generated zero revenue in the current period.

Geographic Revenue Split

Not specifically disclosed, though operations are centered in Coimbatore, Tamil Nadu, where the registered office 'Elgi Towers' is located.

Profitability Margins

The Rental services segment achieved a segment profit margin of 61.6% in H1 FY26 (INR 1.90 Cr profit on INR 3.09 Cr revenue). The overall Net Profit margin for the company turned positive at 6.65% in H1 FY26, compared to a net loss in the previous year's corresponding period.

EBITDA Margin

The EBITDA margin for the continuing rental operations is approximately 80.6% (calculated by adding INR 0.59 Cr depreciation back to the INR 1.90 Cr segment profit), reflecting the high-margin nature of property leasing.

Capital Expenditure

Capital expenditure for H1 FY26 was INR 0.27 Cr, primarily for the purchase of property, plant, and equipment, compared to a minimal INR 0.005 Cr in H1 FY25.

Credit Rating & Borrowing

Finance costs for H1 FY26 were INR 0.75 Cr, a significant reduction of 27% from INR 1.02 Cr in H1 FY25, indicating a reduction in debt levels or lower interest rates. Total borrowings as of September 30, 2025, stand at INR 18.05 Cr.

⚙️ Operational Drivers

Raw Materials

Not applicable for the current core business of rental services. For the discontinued textile operations, raw materials included cotton and yarn, though consumption was zero in H1 FY26.

Capacity Expansion

The company is currently focused on real estate activities; specific square footage capacity for 'Elgi Towers' or other properties is not disclosed.

Raw Material Costs

Not applicable for rental operations. Other expenses for the continuing business were INR 0.62 Cr in H1 FY26, down 26.8% from INR 0.84 Cr in H1 FY25.

Manufacturing Efficiency

Not applicable as the company has transitioned to real estate activities.

📈 Strategic Growth

Growth Strategy

The company is pursuing a strategy of asset monetization and debt reduction. It has transitioned from a manufacturing-heavy textile model to a stable real estate rental model to improve cash flow predictability and reduce operational volatility.

Products & Services

Real estate rental services and leasing of commercial property.

Brand Portfolio

Super Spinning Mills, Elgi Towers.

Market Expansion

The company is focusing on real estate activities, potentially expanding its portfolio of leasable assets in the Coimbatore region.

🌍 External Factors

Industry Trends

The industry is shifting toward professional property management and REIT-like structures. The company is positioning itself as a pure-play real estate holding company by exiting the textile industry, which faced high raw material volatility.

Competitive Landscape

Competes with other commercial property developers and local business parks in the Coimbatore real estate market.

Competitive Moat

The primary moat is the ownership of prime commercial real estate (Elgi Towers) in Coimbatore. This provides a durable cost advantage as the assets are already developed, leading to high segment margins of 61.6%.

Macro Economic Sensitivity

Highly sensitive to commercial real estate demand and interest rate fluctuations, which affect the valuation of the INR 99.68 Cr asset base.

Consumer Behavior

Shift toward flexible office spaces and high-quality commercial infrastructure affecting tenant demand.

Geopolitical Risks

Low impact on domestic rental services, though legacy textile export issues may have contributed to the discontinuation of that segment.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with local municipal building norms, property tax regulations, and Ind AS 108 for segment reporting during the business transition.

Taxation Policy Impact

The company recorded a deferred tax expense of INR 0.30 Cr for continuing operations in H1 FY26.

Legal Contingencies

The company recorded a provision for expected credit losses/impairment of INR 3.34 Cr in FY25, relating to legacy textile receivables.

⚠️ Risk Analysis

Key Uncertainties

The primary risk is the low current ratio of 0.35, a 50.7% decline from the previous year, indicating that current assets (INR 9.57 Cr) are insufficient to cover current liabilities (INR 30.42 Cr).