Postponement of commercial production/operations

GIRNAR SPINTEX INDUSTRIES LIMITED (Formerly known as Amit Spinning Industries Limited) Regd. & Corporate Office: Gat No. 47 & 48, Sangwade, Kolhapur-Hupari Road, Kolhapur – 416202 Tel.: +91 9067906687 | Email: secretarialgirnar@gmail.com, Website: www.girnarspintex.com CIN: L17100PN1991PLC190209 Date: 14 August, 2026 Department of Corporate Services National Stock Exchange of India BSE Limited Limited Department of Corporate Services, Listing Department, Floor 25, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East) Mumbai – 400 051 Scrip Code: 521076 Scrip Code: ASIL Subject: Outcome of Board Meeting – Approval of Unaudited Standalone Financial Results for the Quarter Ended June 30, 2026 and Update on Expansion and Modernisation of Composite Textile Plant Dear Sir/Madam, Pursuant to Regulations 30 and 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations"), we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. August 14, 2026, inter alia, considered and approved the following matters: 1. Unaudited Standalone Financial Results The Board of Directors has approved the Unaudited Standalone Financial Results of the Company for the quarter ended June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors of the Company. The Unaudited Standalone Financial Results along with the Limited Review Report are enclosed herewith. 2. Update on Expansion and Modernisation of Composite Textile Plant Further to the Company's earlier disclosure dated July 12, 2025 regarding the expansion and modernisation of its existing composite textile facility, the Company wishes to provide the following update on the implementation status of the expansion project. A. Processing Division The erection and installation work for the expanded Processing Division is presently in the final stage and is expected to be completed within the next one month. Accordingly, the Company expects to commence commercial production from the expanded Processing Division by the end of September 2026. Further, the Company has already commenced undertaking job work services on trial basis for its clients through the Processing Division. This has enabled the Company to commence commercial operations and build customer relationships ahead of the full-scale commissioning of the expanded processing facility. B. Spinning Division The Company has completed the process of shifting its banking facilities from HDFC Bank to Cosmos Bank. In connection with the proposed expansion of the Spinning Division, the Company has also obtained sanction for the expansion loan facility from Cosmos Bank. As part of the approved expansion plan, the Company has placed an order with Rieter India Private Limited for 11,040 additional spindles. The machinery is expected to be delivered within the next one month. The Company is presently progressing with the implementation of the expansion plan and expects to complete the installation and commissioning activities for the expanded Spinning Division and commence commercial production with the expanded spinning capacity by the end of November 2026. The Company continues to remain committed to the implementation of the expansion and modernisation plan and shall keep the Stock Exchanges informed of any material developments in this regard. The meeting commenced at 5.00 P.M. and concluded at 7.00 PM You are requested to kindly take the above information on record. Thanking You, For Girnar Spintex Industries Limited Deepak Choudhari Managing Director DIN: 03175105 Encl.: 1. Integrated Filing Disclosure 2. Unaudited Standalone Financial Results for the quarter ended June 30, 2026 3. Limited Review Report ANNEXURE – A INTEGRATED FILING (FINANCIAL) For the Quarter and Financial Year ended June 30, 2026 1. Statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. Since the Company has not made any public issue, rights issue, preferential issue, qualified institutions placement or any other issue during the period under review, the requirement to submit a Statement of Deviation or Variation does not apply. 2. Format for disclosure of outstanding default on loans and debt securities The Company has not committed any default in repayment of loans or debt securities. Accordingly, disclosure under this head is not applicable. 3. Disclosure of Related Party Transactions Not Applicable 4. Statement on impact of audit qualifications (for audit report with modified opinion) Not Applicable Thanking You Yours Faithfully For Girnar Spintex Industries Limited Deepak Choudhari Managing Director DIN: 03175105 Limited Review Report The Board of Directors Girnar Spintex Industries Limited (Formerly known as Amit Spinning Industries Limited) We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Girnar Spintex Industries Limited (the “Company”) for the quarter ended June 30, 2026. This Statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial results based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Conclusion Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of Unaudited Standalone Financial Results, prepared in accordance with the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement. Our conclusion is not modified in respect of this matter. For Nenawati & Associates Chartered Accountants Firm Registration No. 002148C Arihant Nenawati Partner Membership No.: 405762 UDIN: 26405762RGODKF4564 Place: Mumbai Date: 14.08.2026 GIRNAR SPINTEX INDUSTRIES LIMITED (Formerly Known as Amit Spinning Industries Ltd.) Regd. Off & Works : Gat No 47 & 48, Sangawade Village, Kolhapur-Hupari Road, Tal. Karveer, Dist Kolhapur 416302 Statement of Assets and Liabilities as at 30th June 2026 (Rs. In Lacs) Faftioulars Unudited Audited 30.06.2026 31.03.2026 [ASSETS Non-current assets (a) Property, plant and equipment 9739.90 9,458.40 (b) Capital work-in-progress (c) Intangible assets (d) Financial Assets (i) Investments 39.24 29.24 (ii) Loans (iii) Others 117.31 116.87 (€) Deferred tax assets (net) () Other non-current assets 128.29 120.71 Sub total-Non current assets (A) 10024.73 9,725.21 Current assets (a) Inventorics 1892.86 1,946.50 (b) Financial Assets (i) Trade receivables 1437.31 1,707.95 (ii) Cash and cash equivalents 59.83 29.18 (ifi) Bank balances other than (ii) above - - (iv) Loans (v) Others = = (c) Other current assets 244.38 160.82 Sub total current assets (B) 3,634.38 3,844.46 Non-current assets classified as held for [Showing first 8,000 characters — download PDF for full document]