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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
Bannari Amman Spinning Mills received fines of Rs. 68,000 each from NSE & BSE for not securing shareholder approval for an Independent Director over 75. The company is paying and appealing, noting no material financial or operational impact.
Bannari Amman Spinning Mills allotted 41.67 lakh convertible warrants to a promoter at ₹36 each. This preferential allotment raises ~₹15 Cr, strengthening the company's capital.