Bannari Amman Spinning Mills Limited

Textile company with spinning, weaving, knitting, garment, and processing capabilities.

1989 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Bannari Amman Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 75.00 Cr
  • Paid Up Capital ₹ 32.42 Cr
  • Company Age 35 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 842.68 Cr
  • Satisfied Charges ₹ 934.20 Cr
  • Revenue Growth -14.80%
  • Profit Growth -171.52%
  • Ebitda -84.54%
  • Net Worth -8.60%
  • Total Assets 7.38%

About Bannari Amman Spinning Mills

Bannari Amman Spinning Mills Limited (BASML) is a leading Public Limited Indian Non-Government Company incorporated in India on 10 July 1989 and has a history of 35 years and nine months. Its registered office is in Coimbatore, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532674 and on the National Stock Exchange(NSE) under BASML.

The Corporate was formerly known as Shiva Textiles (Cbt) Ltd. The Company is engaged in the Environment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 75.00 Cr and a paid-up capital of Rs 32.42 Cr.

The company currently has active open charges totaling ₹842.68 Cr. The company has closed loans amounting to ₹934.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Bannari Amman Spinning Mills Limited India are Krishnaraj N as COMPANY SECRETARY and S Seshadri as Cfo. Sangampalayam Arumugam, Sennimalai Palaniswami, Priya Bhansali, and Five other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17111TZ1989PLC002476

  • Company No.

    002476

  • Stock Symbol

    BSE : 532674 NSE : BASML

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Jul 1989

  • Date of AGM

    22 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Coimbatore

Industry

Environment
Manufacturing

What products or services does Bannari Amman Spinning Mills Limited offer?

Bannari Amman Spinning Mills Limited offers a wide range of products and services, including Home Decor & Furnishing Fabrics, Home Textile, Readymade Garments, Windmills & Wind Turbines, Apparel & Textile Machinery, Spinning Machinery, Fabric, Plain Weave.

Company report

Bannari Amman Spinning Mills Limited

Explore comprehensive data for Bannari Amman Spinning Mills Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Bannari Amman Spinning Mills?

Executive Team (3)

NameDesignationAppointment DateStatus
Sangampalayam Arumugam Country flag representing In Managing Director16-May-1993Current
Krishnaraj N Country flag representing In Company Secretary03-Aug-2007Current
S Seshadri Country flag representing In CFO27-Jun-2018Current

Board Members (7)

NameDesignationAppointment DateStatus
Priya Bhansali Country flag representing In Additional Director 15-Jun-2024Current
Sennimalai Palaniswami Country flag representing In Director 26-May-2008Current
Kollengode Ramakrishnan Country flag representing In Additional Director 15-Jun-2024Current
Chellamuthu Sivasamy Country flag representing In Director 28-Jun-2023Current
Kulandai Sadhasivam Country flag representing In Director 22-Aug-2006Current
Kugalur Ramasamy Country flag representing In Director 26-May-2008Current

Financial Performance of Bannari Amman Spinning Mills.

Bannari Amman Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.8% decrease. The company also saw a substantial fall in profitability, with a 171.52% decrease in profit. The company's net worth dipped by a decrease of 8.6%.

Bannari Amman Spinning Mills revenue growth over time
Bannari Amman Spinning Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-14.80%
Revenue from Operations
-14.80%
Total Assets
7.38%
Profit or Loss
-171.52%
Net Worth
-8.60%
EBITDA
-84.54%

What is the Ownership and Shareholding Structure of Bannari Amman Spinning Mills?

In 2023, Bannari Amman Spinning Mills had a promoter holding of 55.33% and a public holding of 44.67%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹842.68 Cr

Satisfied Charges

₹934.20 Cr

Charges Breakdown by Lending Institutions

  • Others : 792.19 Cr
  • State Industries Promotion Corporation Of Tamilnadu (Sipcot) : 26.16 Cr
  • Indian Overseas Bank : 24.33 Cr

Latest Charge Details

DateLenderAmountStatus
20 Nov 2024Others₹24.33 CrOpen
12 Nov 2024Others₹27.87 CrOpen
23 Aug 2023Others₹44.41 CrOpen
16 Mar 2023Indian Overseas Bank₹24.33 CrOpen
02 Mar 2023Others₹12.21 CrOpen

How Many Employees Work at Bannari Amman Spinning Mills?

Bannari Amman Spinning Mills has a workforce of 4590 employees as of Mar 21, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Bannari Amman Spinning Mills Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Bannari Amman Spinning Mills, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Bannari Amman Spinning Mills's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Bannari Amman Spinning Mills

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 18 Aug 2017 with Charge ID 100145642 was modified on 24 Feb 2025.

  • Charges

    A charge with Others amounted to Rs. 24.33 Cr with Charge ID 101009558 was registered on 20 Nov 2024.

  • Charges

    A charge with Others amounted to Rs. 27.87 Cr with Charge ID 101029199 was registered on 12 Nov 2024.

  • Annual General Meeting

    Bannari Amman Spinning Mills Limited last Annual general meeting of members was held on 22 Aug 2024 as per latest MCA records.

  • Charges

    A charge registered on 25 Mar 2015 via Charge ID 10560780 with Others was fully satisfied on 14 Aug 2024.

  • Director Appointment

    Priya Bhansali was appointed as a Additional Director was appointed as a Additional Director on 15 Jun 2024 & has been associated with this company since 9 months 29 days .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Bannari Amman Spinning Mills Limited?

    Bannari Amman Spinning Mills Limited was incorporated on 10 Jul 1989.

  • What is authorized share capital and paid-up capital of Bannari Amman Spinning Mills Limited?

    The authorized share capital of Bannari Amman Spinning Mills Limited is ₹ 75.00 Cr and paid-up capital is ₹ 32.42 Cr.

  • Who are the current board members & directors of Bannari Amman Spinning Mills Limited?

    Currently 10 directors are associated with Bannari Amman Spinning Mills Limited.

    • Sangampalayam Vedanayagam Arumugam
    • Sennimalai Gounder Palaniswami
    • Priya Bhansali
    • Kollengode Padmanabhan Ramakrishnan
    • Krishnaraj N
    • Chellamuthu Sivasamy
    • S Seshadri
    • Kulandai Samy Gounder Sadhasivam
    • Kugalur Thillainathan Ramasamy
    • Shanmugavelayutham Sihamani

  • What is the registered address of Bannari Amman Spinning Mills Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Bannari Amman Spinning Mills Limited is 252Mettupalayam Road Coimbatore India, Tamilnadu, Tamil Nadu, 641043.

  • What is the corporate identification number (CIN) and company number of Bannari Amman Spinning Mills Limited?

    The corporate identification number (CIN) of Bannari Amman Spinning Mills Limited is L17111TZ1989PLC002476 and the company number is 002476 as per Ministry of Corporate Affairs (MCA).

  • Is Bannari Amman Spinning Mills Limited registered with any stock exchange in India?

    Yes, Bannari Amman Spinning Mills Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): BASML.

  • What is the official website of Bannari Amman Spinning Mills Limited?

    The Official website of Bannari Amman Spinning Mills Limited is https://www.bannarimills.com

  • What has been the recent revenue trend for Bannari Amman Spinning Mills Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Bannari Amman Spinning Mills Limited has fallen by -14.80%.

  • How many employees does Bannari Amman Spinning Mills Limited currently have?

    As Per 2023 financial reports, 4590 employees are currently employed by Bannari Amman Spinning Mills Limited.

  • What change has been observed in the net worth of Bannari Amman Spinning Mills Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Bannari Amman Spinning Mills Limited has experienced an downturn of -8.60%.

  • What are the total open charges for Bannari Amman Spinning Mills Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Bannari Amman Spinning Mills Limited amount to ₹ 842.68 Cr.

  • When was the last Balance Sheet of Bannari Amman Spinning Mills Limited filed with the ROC?

    The most recent Balance Sheet for Bannari Amman Spinning Mills Limited was filed with the ROC on 31 Mar 2024.

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