Super Spinning Mills Limited — Others, 23-05-2025: Change in Management

Super Spinning Mills Limited has announced a board meeting where it approved the audited financial results for the quarter and half-year, with auditors giving a clean opinion. The Board appointed Mr. A Palaniappan as Internal Auditor for FY 2025-26 and proposed MOS & Associates LLP as Secretarial Auditors for five years, pending shareholder approval. Mr. Sumanth Ramamurthi was re-appointed as Chairman and MD for five years, subject to consent. The company discontinued textile operations due to significant losses, while rental services remained profitable. Power-related disputes with arrears of Rs. 8.52 Cr led to prudent provisioning. Total assets and equity stood at Rs. 100.17 Cr and Rs. 55.19 Cr respectively, highlighting a focus on stabilizing operations and leadership continuity.