Integrated Filing — IndAS



General information about company

Scrip Code 532674
NSE Symbol BASML
MSEI Symbol NOTLISTED
ISIN INE186H01022
Name of company BANNARI AMMAN SPINNING MILLS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Textiles
Start date and time of board meeting 29-05-2026   15:00:00
End date and time of board meeting 29-05-2026   17:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 22,071.06 87,032.40
Other income 85.93 660.16
Total income 22,156.99 87,692.56
2 Expenses
(a) Cost of materials consumed 10,812.07 56,887.41
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 4,274.46 3,053.98
(d) Employee benefit expense 2,171.74 8,053.45
(e) Finance costs 1,115.37 4,302.89
(f) Depreciation, depletion and amortisation expense 698.19 2,771.62
(f) Other Expenses
1 Packing Materials Consumed 174.96 765.72
2 Power and Fuel 2,466.60 6,058.06
3 Repairs and Maintenance 213.30 1,516.74
4 Selling and Distribution Expenses 182.99 1,020.33
5 Other Expenses (268.23) 1,085.91
Total other expenses 2,769.62 10,446.76
Total expenses 21,841.45 85,516.11
3 Total profit before exceptional items and tax 315.54 2,176.45
4 Exceptional items 0.00 0.00
5 Total profit before tax 315.54 2,176.45
6 Tax expense
7 Current tax 68.44 368.74
8 Deferred tax 109.59 308.28
9 Total tax expenses 178.03 677.02
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 137.51 1,499.43
12 Profit (loss) from discontinued operations before tax 0.41 (191.45)
13 Tax expense of discontinued operations 0.14 (66.90)
14 Net profit (loss) from discontinued operation after tax 0.27 (124.55)
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 137.78 1,374.88
17 Other comprehensive income net of taxes 112.14 112.07
18 Total Comprehensive Income for the period 249.92 1,486.95
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 249.92 1,486.95
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 112.14 112.07
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 3,996.07 3,996.07
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 43,366.25
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.18 1.92
Diluted earnings (loss) per share from continuing operations 0.18 1.92
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 -0.16
Diluted earnings (loss) per share from discontinued operations 0 -0.16
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.18 1.76
Diluted earnings (loss) per share from continuing and discontinued operations 0.18 1.76
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to the Consolidated Audited Financial Results for the year ended March 31,2026: 1. The above Consolidated Audited financial results for the year ended March 31, 2026 have been reviewed by the Audit Committee and have been approved by the Board of Directors at their meetings held on May 29, 2026. The Statutory Auditors have audited the financial results and given unmodified opinion. 2. The Consolidated Audited Financial Results of the company have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified under Section 133 of the Companies Act 2013 (“the Act”) read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time, Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, (“Listing Regulations”), as amended and other recognised accounting practices generally accepted in India. The material accounting policies that were applied in preparation of this audited financial statement for the year ended 31st March, 2026 are consistent with those followed in the previous financial years. 3. Bannari Amman Spinning Mills Limited (“the Parent Company) is primarily engaged in the manufacturing of Textile and related products, which in the context of Ind AS 108 “Operating Segments” is considered the only significant business segment. 4. The Consolidated Financial Results include the stand alone results of parent company and its subsidiary viz. Bannari Infotech Private Limited (formerly known as “Bannari Amman Infinite Trendz Private Limited”). 5. The Parent Company has made Rights Issue allotment of 1,50,79,504 Equity shares (face value of Rs. 5 each) on May 29, 2025 at an issue price of Rs.27 each (Including premium of Rs. 22 per share) aggregating to Rs. Rs.4,071.47 lakhs in the ratio of 10 rights Equity Shares for every 43 fully paid-up Equity Shares. The Proceeds of Rights issue of Equity Shares has been utilised for the purposes as disclosed in the offer document Pursuant to the allotment of Equity Shares under the Rights Issue, the shareholding of the ultimate Holding Company, Murugan Enterprises Private Limited, has reduced from 54.29% to 48.49% and, accordingly, the Company has ceased to be a subsidiary and has become an associate of Murugan Enterprises Private Limited. 6. The Parent Company issued Convertible Equity Warrants in two tranches — Tranche I (42,25,806 warrants at Rs. 62, allotted 04 November 2024) and Tranche II (41,66,660 warrants at Rs. 36, allotted 22 August 2025) — convertible into equity shares within 18 months from allotment. The 25% upfront subscription of Rs. 1,030 lakhs (Tranche I: Rs. 655 lakhs; Tranche II: Rs. 375 lakhs) is classified as Money Received Against Share Warrants under Other Equity, as none of the holders had exercised the conversion option as at 31 March 2026. The said amount has been utilised for repayment of borrowings. Subsequent to the balance sheet date, on 04 May 2026, the Tranche I conversion option was forfeited due to non-payment of the balance subscription. 7. During the year, the Board of Directors of the Parent Company at their meeting held on August 22, 2025, have allotted 41,66,660 Convertible Equity Warrants of Rs.5 at Rs.36 per warrant (including premium of Rs.31 per warrant) aggregating to Rs. 1,500 lakhs on Preferential basis to promoter group of the Parent Company in accordance with Section 42 read with the Companies (Prospectus and Allotment of Securities) Rules, 2014 and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Parent Company has received an aggregate consideration of Rs. 375 lakhs towards minimum 25% of the total consideration of the Convertible Equity Warrants and the fund has been utilised in full during the half year ended September 30, 2025, by the Parent Company for the objects approved by the Members. The said Convertible Equity Warrants will be converted into Equity Shares within 18 months from the date of allotment. 8. The Garment unit of the Parent Company situated at palladam, which had been earlier classified as assets held for sale, was sold and the resulting gain/loss has been recognized under discontinued operations in the Statement of Profit and Loss for the year ended 31st March ,2026. The land at SIPCOT, Perundurai is continued to be classified as assets held for sale / discontinued operations as per Ind AS 105 ‘Non-Current Assets held for sale and discontinued operations as at 31st March, 2026. The summary of the results of the aforesaid discontinued operations as included under the results is as follows: (Rs. In lakhs) Particulars Quarter ended Year ended March 31, 2026 December 31, 2025 March 31, 2025 March 31, 2026 March 31, 2025 (Audited) (Unaudited) (Audited) (Audited) (Audited) Total Income (7.84) - 38.92 209.63 5,695.11 Total expenses (8.25) 214.06 195.58 401.07 1,304.24 Profit/(Loss) before tax 0.41 (214.05) (156.66) (191.44) 4,390.87 Tax expense / (savings) 0.14 (74.80) (34.74) (66.90) 587.04 Profit/(Loss) After tax 0.27 (139.26) (121.92) (124.55) 3,803.83 9. The Government of India notified the provisions of four Labour Codes - the Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively called as “New Labour Codes”) with effect from November 21, 2025. Based on the Company’s assessment, there is no material impact on the Consolidated financial statements of the Company. 10. The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures for the full financial year and published year to date figures up to the nine months ended December 31, 2025 and December 31, 2024 respectively 11. Previous period figures have been regrouped and reclassified wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 51,591.23
Capital work-in-progress 1,055.02
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 658.59
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 649.23
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Security Deposits 1,383.35
Total of other non-current financial assets 1,383.35
Total non-current financial assets 2,032.58
Deferred tax assets (net) 0.00
Other non-current assets
1 Capital advances 33.32
2 Advance to related parties 0.45
Total of other non-current assets 33.77
Total non-current assets 55,371.19
2 Current assets
Inventories 19,481.03
Current financial asset
Current investments 0.00
Trade receivables, current 16,613.68
Cash and cash equivalents 281.28
Bank balance other than cash and cash equivalents 290.22
Loans, current 34.63
Other current financial assets
Total of other current financial assets 2,315.03
Total current financial assets 19,534.84
Current tax assets (net) 0.00
Other current assets
1 Prepaid expenses 796.69
2 Balance with government authorities 2,197.82
3 Gratuity 339.52
4 Advance to Suppliers 477.96
5 Other Receivables 5.33
Total of other current assets 3,817.32
Total current assets 42,833.19
3 Non-current assets classified as held for sale 211.74
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 98,416.12
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,996.07
Other equity 43,366.25
Total equity attributable to owners of parent 47,362.32
Non controlling interest 0.00
Total equity 47,362.32
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 8,644.36
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 59.90
Total of other non-current financial liabilities 59.90
Total non-current financial liabilities 8,704.26
Provisions, non-current 0.00
Deferred tax liabilities (net) 1,779.82
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 10,484.08
Current liabilities
Current financial liabilities
Borrowings, current 30,989.70
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,381.08
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,769.53
Total Trade payable 6,150.61
Other current financial liabilities
1 Other Financials Liabilities 104.72
Total of other current financial liabilities 104.72
Total current financial liabilities 37,245.03
Other current liabilities 3,131.43
1 Advance from customers 1,138.10
2 Advance received towards sale of Property, Plant & Equipment 94.30
3 Statutory Remittances 107.90
4 Liability for Expenses 1,791.13
Total of other current liabilities 3,131.43
Provisions, current 153.45
Current tax liabilities (Net) 39.81
Deferred government grants, Current 0.00
Total current liabilities 40,569.72
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 51,053.80
Total equity and liabilites 98,416.12
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined benefit plans 172.28 172.28
2 Gain/loss on equity instruments designed at FVTOCI (0.01) (0.01)
Total Amount of items that will not be reclassified to profit and loss 172.27 172.27
2 Income tax relating to items that will not be reclassified to profit or loss 60.20 60.20
3 Amount of items that will be reclassified to profit and loss
1 Gain/loss on equity instruments designed at FVTOCI 0.07 0.00
Total Amount of items that will be reclassified to profit and loss 0.07 0.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 112.14 112.07



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,176.45
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4,469.27
Adjustments for decrease (increase) in inventories 2,247.24
Adjustments for decrease (increase) in trade receivables, current (979.67)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 333.41
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (217.24)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,305.29
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (12.86)
Adjustments for increase (decrease) in other non-current liabilities 727.49
Adjustments for depreciation and amortisation expense 2,771.62
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 22.21
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (52.14)
Adjustments for dividend income 0.00
Adjustments for interest income 70.41
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (0.01)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (668.74)
Other adjustments to reconcile profit (loss) (191.46)
Other adjustments for non-cash items (229.09)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 9,454.91
Net cash flows from (used in) operations 11,631.36
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) (52.05)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 11,683.41
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2,908.28
Purchase of property, plant and equipment 7,116.38
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 56.12
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (310.18)
Net cash flows from (used in) investing activities (4,462.16)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 4,071.47
Proceeds from issuing other equity instruments 375.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 7,077.99
Payments of lease liabilities 41.46
Dividends paid 0.00
Interest paid 4,518.92
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (69.12)
Net cash flows from (used in) financing activities (7,261.02)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (39.77)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (39.77)
Cash and cash equivalents cash flow statement at beginning of period 321.05
Cash and cash equivalents cash flow statement at end of period 281.28





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 P.N. RAGHAVENDRA RAO & CO Yes 31-08-2028