Super Spinning Mills retains Rs 23.15 crore liabilities

Super Spinning Mills Limited retained Rs 23.15 crore of liabilities in its discontinued textile segment at September 30, 2026, despite reporting nil segment assets and no textile revenue. Super Spinning Mills, which disclosed the closure to exchanges on August 31, 2023, generated all half-year operating revenue of Rs 2.96 crore from rental services.

Why does Super Spinning Mills retain textile liabilities after closure?

Super Spinning Mills retained Rs 23.15 crore of discontinued textile liabilities at September 30, 2026 because obligations remain assigned to the closed segment, although its reported textile assets had fallen to nil. The filing does not give a line-by-line composition of these liabilities, but attributes the full amount to textiles, with no discontinued-operation liabilities assigned to rental services or unallocable corporate items.

Super Spinning Mills discontinued textile operations and notified the exchanges on August 31, 2023. Its September 2026 results therefore present the former textile activity as discontinued operations, separately from rental services, while the segment disclosure shows that the accounting effects of the closure continue through liabilities, expenses and tax items.

The discontinued textile segment's capital employed was negative Rs 23.15 crore at September 30, 2026, as capital employed is reported as segment assets less segment liabilities. That compares with total capital employed of Rs 50.29 crore across the business, comprising positive Rs 73.44 crore in rental services and negative Rs 23.15 crore in textiles.

How did Super Spinning Mills' textile assets and liabilities change?

Super Spinning Mills' discontinued textile assets declined from Rs 3.97 crore at September 30, 2025 to nil at September 30, 2026. The segment still reported Rs 3.52 lakh of assets at June 30, 2026 and at March 31, 2026, before the balance reached nil in the latest quarter.

Textile liabilities rose to Rs 23.15 crore at September 30, 2026 from Rs 22.88 crore a year earlier, an increase of Rs 26.58 lakh. They were unchanged from June 30, 2026 and March 31, 2026, both at Rs 23.15 crore, so the year-on-year widening of the asset-liability gap principally reflects the disappearance of reported textile assets.

As a result, negative textile capital employed widened to Rs 23.15 crore from negative Rs 18.91 crore at September 30, 2025. The change of Rs 4.24 crore combines the Rs 3.97 crore reduction in segment assets with the Rs 26.58 lakh increase in liabilities over the same period.

What was Super Spinning Mills' latest discontinued-operation result?

Super Spinning Mills recorded an after-tax profit of Rs 0.05 lakh from discontinued operations in the quarter ended September 30, 2026, compared with an after-tax loss of Rs 23.80 lakh in the quarter ended September 30, 2025. The latest quarter had no discontinued-operation revenue, but a Rs 5.86 lakh reversal of provision for expected credit losses or impairment exceeded Rs 5.74 lakh of expenses.

The quarter's discontinued-operation expenses included Rs 3 lakh of power and fuel and Rs 2.74 lakh of other expenses. This produced profit before tax of Rs 0.12 lakh, and deferred tax expense of Rs 0.07 lakh reduced the resulting after-tax profit to Rs 0.05 lakh.

For the half year ended September 30, 2026, Super Spinning Mills reported an after-tax loss from discontinued operations of Rs 3.38 lakh, narrower than the Rs 65.14 lakh loss in the corresponding 2025 half year. Total expenses declined to Rs 10.37 lakh from Rs 76.16 lakh, including a fall in power and fuel expense to Rs 4.48 lakh from Rs 62.33 lakh, while the half year included the Rs 5.86 lakh provision reversal.

Is rental services Super Spinning Mills' only operating revenue source?

Yes. Super Spinning Mills generated all Rs 2.96 crore of operating revenue in the half year ended September 30, 2026 from rental services, while textiles reported no revenue in either continuing or discontinued operations. Rental-services revenue was Rs 3.09 crore in the corresponding 2025 half year, a decline of Rs 12.68 lakh.

Rental services generated Rs 1.63 crore of segment profit before finance cost in the latest half year, compared with Rs 1.90 crore a year earlier. After finance costs of Rs 51.78 lakh, continuing-operations profit before tax was Rs 1.11 crore, versus Rs 1.16 crore in the prior-year half year.

Profit after tax from continuing operations rose to Rs 93.06 lakh from Rs 85.69 lakh despite the lower pre-tax result. Total tax expense for continuing operations declined to Rs 18.10 lakh from Rs 30.11 lakh, while rental-services revenue in the September 2026 quarter was Rs 1.47 crore, compared with Rs 1.59 crore a year earlier.

What does Super Spinning Mills' balance sheet and property plan show?

Super Spinning Mills assigned Rs 90.20 crore of segment assets to rental services at September 30, 2026 and Rs 16.76 crore of liabilities, resulting in capital employed of Rs 73.44 crore. Rental-services assets were Rs 95.71 crore and capital employed was Rs 74.31 crore at September 30, 2025.

Investment property was Super Spinning Mills' largest reported asset at Rs 78.45 crore at September 30, 2026, compared with Rs 78.90 crore at March 31, 2026. Total assets were Rs 90.20 crore, while cash and cash equivalents increased to Rs 2.26 crore from Rs 1.24 crore at the March 2026 year end.

During the quarter ended March 31, 2026, Super Spinning Mills entered a joint-development agreement with a commercial real-estate developer for land at Puliakulam, Coimbatore. At September 30, 2026, Super Spinning Mills retained physical possession of the full property, no demolition or construction had begun, and no gain or loss had been recognised on the proposed transfer of a fixed percentage of land.

Conclusion

Super Spinning Mills' segment disclosures separate a rental-services operating business from a closed textile business that still carries Rs 23.15 crore of liabilities. Rental services supplied all Rs 2.96 crore of half-year operating revenue and Rs 73.44 crore of capital employed, while textiles reported nil assets, no revenue and negative capital employed of Rs 23.15 crore.

Next, readers should watch for any change in the Rs 23.15 crore of discontinued textile liabilities and for further expense, provision or tax movements in that segment. The other disclosed event to monitor is the Puliakulam joint development, where no construction had started by September 30, 2026 and Super Spinning Mills had recognised no gain or loss on the planned land transfer.