Bannari Amman Spinning Mills Limited — Board Meeting, 11-08-2025: Outcome of Board Meeting

Bannari Amman Spinning Mills' board has approved its consolidated Q1 results. The company reported a profit of Rs. 4.56 Cr and revenue from operations of Rs. 217.39 Cr for the quarter ended June 30, 2025.

Key updates:

1. **Fundraising:** The company completed a Rights Issue, allotting 1.51 crore shares at Rs. 27 each, raising Rs. 40.71 Cr.

2. **Strategic Move:** Plans to set up a 9.74 MW DC Captive Solar Power Project. An advance of Rs. 16.00 Cr has been paid, with commissioning aimed for October 2025.

3. **Discontinued Operations:** The sale of its garment unit and land is still pending lender clearance, remaining classified as discontinued operations.