Super Spinning Mills Limited, during its Board of Directors meeting held on Saturday, January 31, 2026, approved a proposal to enter into a joint development, sell, or otherwise dispose of its land situated at the SUPER B UNIT-Quarters Premises in Kotnur Village, Hindupur Mandal, Andhra Pradesh. The decision includes all buildings and structures on the property and may be executed in one or more tranches. Since the proposed transaction is outside a Scheme of Arrangement and involves the sale or lease of an undertaking, the Board has decided to conduct a Postal Ballot process through remote e-voting to obtain the necessary shareholder approval under Section 180(1)(a) of the Companies Act, 2013.

The company is currently in the process of identifying potential buyers or parties for this transaction. It has been clarified that the prospective buyers will not belong to the promoter group or any group companies, and the transaction will not be classified as a Related Party Transaction. This move follows a broader strategy of asset evaluation to preserve value, as the management had previously decided to sell manufacturing assets at the same Kotnur location after evaluating the unfavorable operating environment in the cotton and yarn segment.

Super Spinning Mills Limited, incorporated in 1962 and headquartered in Coimbatore, has historically been a significant player in the textile industry, specializing in cotton yarn manufacturing. However, following a strategic shift to mitigate losses in its textile operations, the company has pivoted toward the real estate sector and commercial property leasing. In June 2025, the Board also recommended the sale or lease of land and buildings at “Elgi Towers” in Coimbatore to further streamline its asset base. While the company has successfully reduced its debt and improved debtor days, it continues to face challenges with a declining five-year sales CAGR of -46.4%.

For the quarter ended September 30, 2025, Super Spinning Mills reported a total income of ₹1.79 Crores, representing a 9.82% increase compared to ₹1.63 Crores in the corresponding quarter of the previous year. The net profit for the same period showed a significant jump to ₹0.26 Crores, a 300% increase from the ₹0.13 Crores reported in September 2024. Despite these recent gains, the company’s Return on Equity (ROE) remains negative at -3.58%. The company’s shareholding remains dominated by the promoter group at 42.8%, with Sumanth Ramamurthi (Managing Director) holding 17.16% and other public investors like Keshav Garg holding approximately 1.2%.