Bannari Amman Spinning Mills Limited
Incorporated in 1989, Bannari Amman Spinning Mills Ltd is a manufacturer of cotton yarn, knitted & woven fabrics, processing of fabrics,finished garments, home textiles and wind power generation
What Bannari files
- Others67
- Important13
- Board Meeting9
- Dividend/Bonus6
- QIP/Rights/Pref.3
- Results3
Bannari Amman Spinning Mills posted quarterly revenue of ₹216.51 Cr and profit of ₹13.69 Cr, significantly aided by deferred tax savings from a new tax regime. The company also forfeited ₹6.55 Cr from Tranche I convertible warrants, moving funds to capital reserve. Land at SIPCOT remains classified as held for...
Board approved year-end financial results: Profit 15.65 Cr (standalone), 13.75 Cr (consolidated); Revenue 870.32 Cr. Proposed Rs.0.25/share dividend. MD Sri S V Arumugam re-appointed for 3 years. Forfeited 42.26 lakh share warrants (upfront 6.55 Cr) due to non-conversion. Company is now an associate, not a subsidiary.
Bannari Amman Spinning Mills reported Q3 consolidated revenue of ₹203.90 Cr and net profit of ₹2.26 Cr, a significant increase in profitability compared to the previous year. The company also completed the sale of its Garment unit.
Bannari Amman Spinning Mills (BASML) has clarified an issue concerning property mortgage registration. A Sub-Registrar refused to register a mortgage on company-owned land because their records had discrepancies compared to BASML's title documents. **Issue:** The refusal to register a mortgage on company land due to inconsistent records between the Sub-Registrar...
Bannari Amman Spinning Mills has approved the allotment of 1.51 crore fully paid-up rights equity shares at Rs. 27 each to eligible applicants. This equity raise strengthens the company’s capital base, supporting its growth and operational funding needs, which is beneficial for shareholders.