Salona Cotspin Limited

BSE: 590056 NSE: SALONA
Salona Cotspin Limited - manufacturing in Sathyamangalam, Tamil Nadu, India. FY 2026 financials and compliance.
CIN L17111TZ1994PLC004797 Incorporated 18 January 1994 ROC Coimbatore HQ Sathyamangalam, Tamil Nadu, India
Active Listed - NSE: SALONA · BSE: 590056 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹593.82 Cr
▼ 10.32% YoY
EBITDA · FY 2026
₹34.87 Cr
▲ 8.57% YoY
Net profit · FY 2026
₹1.56 Cr
▼ 50.16% YoY
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.26 Cr
Issued & subscribed
Open charges
₹604.03 Cr
Satisfied ₹77.69 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
380
Latest available

About Salona Cotspin Limited

Data last updated: 06 March 2026

Salona Cotspin Limited is a public limited company based in Sathyamangalam, Tamil Nadu, India. It specialises in textile and fabric production, a part of the broader manufacturing sector. Incorporated on 18 January 1994, the company has been in operation for over 32 years.

Registered with ROC Coimbatore under CIN L17111TZ1994PLC004797. Listed on BSE: 590056 and NSE: SALONA.

Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.26 Cr. Formerly known as Salona Cotspin Pvt Limited. It is led by directors including Hari Desikan Ganesh and Shyam Lal Agarwala.

Last AGM: 19 September 2025. Financial statements filed for year ended 31 March 2025. Office: Sf No 74/12 & 75/3Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, India – 638402.

As per the financials filed for FY 2025, the company reported a revenue of ₹662.31 Cr, a decline of 8% compared to the previous year.

The company has a workforce of approximately 380 employees as per the latest available data.

The company is associated with 2 brands - Salona, Salona Group. As per MCA filings, the company has open charges of ₹604.03 Cr and satisfied charges of ₹77.69 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salonacotspin.com.

Company Details of Salona Cotspin Limited
CIN L17111TZ1994PLC004797
Registration Number 004797
Incorporation Date 18 January 1994
ROC Coimbatore
Listing Status Listed (BSE: 590056, NSE: SALONA)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Shyam Lal Agarwala Managing Director Manoj Kumar Jhajharia Managing Director Hari Desikan Ganesh Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    salonacotspin.com
  • Social Media
    **************
  • Registered Address
    Sf No 74/12 & 75/3Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, India – 638402
  • Industry
    Manufacturing, Textile & Fabric Production
Company report
Salona Cotspin Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Salona Cotspin Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Salona Cotspin Limited

Salona Cotspin Limited has one previous CIN (Corporate Identification Number): U17111TZ1994PLC004797. The current CIN is L17111TZ1994PLC004797, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L17111TZ1994PLC004797 Current
U17111TZ1994PLC004797 Previous

Associated Brands with Salona Cotspin Limited

Salona Cotspin Limited operates two associated brands: Salona and Salona Group. These brands represent Salona Cotspin Limited's diversified market presence and brand portfolio.

Brand Description Website
Salona
Yarn, fabrics, and related products are manufactured under contract. salonagroup.com
Salona Group
Yarn and fabric manufacturing focused on sustainability and advanced technology in India. salonacotspin.com

Competitors & Alternatives of Salona Cotspin Limited

Brands and companies operating in the same space as Salona Cotspin Limited include Sportking, Jaykay Enterprises, Alok Industries and 5 more.

Competitor Description Location Founded
Sportking Sportking Yarns, fabrics, and garments are manufactured and retailed by Sportking. Ludhiana, India, India 1989
Jaykay Enterprises Jaykay Enterprises Yarn and cotton are manufactured by Jaykay Enterprises in India. Kanpur, India, India 1991
Alok Industries Alok Industries Textiles and related products are manufactured in India. Mumbai, India, India 1986
Pasupati Spinning & Weaving Mills Pasupati Spinning & Weaving Mills Yarns and threads are contract-manufactured for textile and apparel industries. Delhi, India, India 1979
Manomay Tex India Manomay Tex India Denim fabrics are contract-manufactured in Bhilwara, India. Bhilwara, India, India 2009
A.K. Spintex A.K. Spintex Fabrics are manufactured on a contract basis by A.K. Spintex. Bhilwara, India, India 1994
Pratibha Syntex Pratibha Syntex Textile fabric materials are manufactured on a contract basis. Indore, India, India 1997
Donear Donear Contract manufacturing of fabric materials is conducted. Mumbai, India, India 1977

Business Activity of Salona Cotspin Limited

Salona Cotspin Limited is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C2 Textile, leather and other apparel products *********

Auditor Details of Salona Cotspin Limited

Salona Cotspin Limited is audited by M/s Gopalaiyer & Subramaniam (ICAI peer reviewed, certificate valid till 2027-02-28) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s Gopalaiyer & Subramaniam (ICAI peer reviewed, certificate valid till 2027-02-28) FY 2026 Declaration of unmodified opinion

Board of Directors of Salona Cotspin Limited

Salona Cotspin Limited is currently managed by 10 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Hari Desikan Ganesh
Also directs: Salona Cotspin Limited, Terravault Networks Private Limited, Flibbr Consulting Services Private Limited and 2 more
Director 25 Jun 2020 6 Years 0 Months Current
Shyam Lal Agarwala
Also directs: Salona Cotspin Limited, Shristi Cotspinn Private Limited
Managing Director 18 Jan 1997 29 Years 5 Months Current
Manoj Kumar Jhajharia
Also directs: Salona Cotspin Limited, Shristi Cotspinn Private Limited, Itf Sourcing Llp
Managing Director 26 Sep 1998 27 Years 9 Months Current
Arunkumar Jhajharia
Also directs: Salona Cotspin Limited, Shristi Cotspinn Private Limited, Perma Agro Life Llp
Director 12 Feb 2018 8 Years 4 Months Current
Raghav Agarwal
Also directs: Salona Cotspin Limited, Sri Sadhyaa Exports Private Limited
Director 14 Nov 2022 3 Years 7 Months Current
Prabhu
Also directs: Salona Cotspin Limited, Cotton Sourcing Company Limited
Director 14 Nov 2022 3 Years 7 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Salona Cotspin Limited FY 2026 filings available

Salona Cotspin Limited reported revenue of ₹593.82 Cr (down 10.32% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹593.82 Cr ▼ 10.32%
Profit · FY 2026
₹1.56 Cr ▼ 50.16%
EBITDA · FY 2026
₹34.87 Cr ▲ 8.57%
Revenue₹ Cr · Standalone0250500750FY 2020: ₹122 Cr122FY 2020FY 2022: ₹647 Cr · +431.1% YoY647+431.1%FY 2022FY 2023: ₹487 Cr · -24.8% YoY487-24.8%FY 2023FY 2024: ₹722 Cr · +48.3% YoY722+48.3%FY 2024FY 2025: ₹662 Cr · -8.3% YoY662-8.3%FY 2025FY 2026: ₹594 Cr · -10.3% YoY594-10.3%FY 2026
Net Profit₹ Cr · Standalone01020FY 2020: ₹1 Cr1.2FY 2020FY 2022: ₹20 Cr · +1586.3% YoY19.8+1586.3%FY 2022FY 2023: ₹18 Cr · -11.2% YoY17.6-11.2%FY 2023FY 2024: ₹6 Cr · -65.1% YoY6.1-65.1%FY 2024FY 2025: ₹3 Cr · -48.9% YoY3.1-48.9%FY 2025FY 2026: ₹2 Cr · -50.2% YoY1.6-50.2%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0100200Q1'25: ₹190 Cr · +35.2% YoY190+35.2%Q1'25Q2'25: ₹166 Cr · -20.5% YoY166-20.5%Q2'25Q3'25: ₹158 Cr · -23.3% YoY158-23.3%Q3'25Q4'25: ₹148 Cr · -11.2% YoY148-11.2%Q4'25Q1'26: ₹157 Cr · -17.3% YoY157-17.3%Q1'26Q2'26: ₹171 Cr · +2.8% YoY171+2.8%Q2'26Q3'26: ₹155 Cr · -1.8% YoY155-1.8%Q3'26Q4'26: ₹110 Cr · -25.3% YoY110-25.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2020
Revenue from Operations ₹593.82 Cr ₹662.16 Cr ₹722.26 Cr ₹486.91 Cr ₹647.08 Cr ₹121.85 Cr
Other Income ₹56.25 Lakh ₹15.49 Lakh ₹25.29 Lakh ₹29.16 Lakh ₹6.23 Lakh ₹7.7 Lakh
Total Income ₹594.38 Cr ₹662.31 Cr ₹722.51 Cr ₹487.2 Cr ₹647.14 Cr ₹121.92 Cr
Cost of Materials Consumed ₹166.17 Cr ₹123.86 Cr ₹122.68 Cr ₹117.15 Cr ₹117.06 Cr ₹59.95 Cr
Purchases of Stock-in-Trade ₹336.7 Cr ₹443.02 Cr ₹520.2 Cr ₹258.89 Cr ₹447.86 Cr ₹18.41 Cr
Changes in Inventories -₹12.07 Cr ₹10.85 Lakh -₹5.03 Cr ₹28.44 Cr -₹27.58 Cr ₹6.61 Cr
Employee Benefit Expense ₹20.04 Cr ₹14.36 Cr ₹13.09 Cr ₹10.96 Cr ₹9.38 Cr ₹6.71 Cr
Finance Costs ₹19.97 Cr ₹18.85 Cr ₹15.21 Cr ₹9.4 Cr ₹7.38 Cr ₹4.08 Cr
Depreciation & Amortisation ₹10.11 Cr ₹7.74 Cr ₹6.86 Cr ₹5.47 Cr ₹3.33 Cr ₹2.65 Cr
Other Expenses ₹48.67 Cr ₹48.84 Cr ₹41.09 Cr ₹36.64 Cr ₹62.97 Cr ₹21.61 Cr
Total Expenses ₹589.59 Cr ₹656.78 Cr ₹714.11 Cr ₹466.95 Cr ₹620.39 Cr ₹120.02 Cr
Profit Before Exceptional Items & Tax ₹4.79 Cr ₹5.54 Cr ₹8.4 Cr ₹20.26 Cr ₹26.75 Cr ₹1.9 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹4.79 Cr ₹5.54 Cr ₹8.4 Cr ₹20.26 Cr ₹26.75 Cr ₹1.9 Cr
Total Tax Expense ₹3.23 Cr ₹2.4 Cr ₹2.28 Cr ₹2.69 Cr ₹6.96 Cr ₹72.62 Lakh
Net Profit ₹1.56 Cr ₹3.13 Cr ₹6.13 Cr ₹17.57 Cr ₹19.79 Cr ₹1.17 Cr
  attributable to Owners - - - - ₹0 ₹0
  attributable to NCI - - - - ₹0 ₹0
Other Comprehensive Income ₹16.42 Lakh ₹20.23 Lakh ₹9.23 Lakh ₹22,000 -₹4.03 Lakh -₹2.68 Lakh
Total Comprehensive Income ₹1.73 Cr ₹3.34 Cr ₹6.22 Cr ₹17.57 Cr ₹19.75 Cr ₹1.15 Cr
EBITDA (computed) ₹34.87 Cr ₹32.12 Cr ₹30.48 Cr ₹35.13 Cr ₹37.46 Cr ₹8.62 Cr
Basic EPS ₹2.97 ₹5.95 ₹11.64 ₹33.39 ₹37.60 ₹2.23
Diluted EPS ₹2.97 ₹5.95 ₹11.64 ₹33.39 ₹37.60 ₹2.23
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹304.25 Cr ₹354.5 Cr ₹363.55 Cr ₹270.19 Cr
Non-current Assets ₹128.87 Cr ₹127.88 Cr ₹115.92 Cr ₹57.05 Cr
Current Assets ₹175.38 Cr ₹226.61 Cr ₹247.63 Cr ₹213.14 Cr
Property, Plant & Equipment ₹122.12 Cr ₹106.27 Cr ₹70.39 Cr ₹40.53 Cr
Inventories ₹58.59 Cr ₹65.8 Cr ₹59.32 Cr ₹56.47 Cr
Trade Receivables ₹79.33 Cr ₹117.2 Cr ₹144.13 Cr ₹122.33 Cr
Cash & Equivalents ₹8.81 Lakh ₹11.22 Lakh ₹5.8 Lakh ₹6.34 Lakh
Equity (Net Worth) ₹83.78 Cr ₹82.58 Cr ₹79.77 Cr ₹74.18 Cr
Equity Share Capital ₹5.33 Cr ₹5.33 Cr ₹5.33 Cr ₹5.33 Cr
Borrowings (Non-current) ₹52.77 Cr ₹64.92 Cr ₹77.15 Cr ₹35.63 Cr
Borrowings (Current) ₹136.87 Cr ₹173.69 Cr ₹179.66 Cr ₹121.52 Cr
Total Debt (computed) ₹189.65 Cr ₹238.61 Cr ₹256.81 Cr ₹157.15 Cr
Current Liabilities ₹156.37 Cr ₹196.85 Cr ₹199.83 Cr ₹155.56 Cr
Total Liabilities ₹220.47 Cr ₹271.92 Cr ₹283.79 Cr ₹196.01 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹79.27 Cr ₹63.76 Cr -₹11.9 Cr -₹5.12 Cr -₹34.82 Cr
Investing Cash Flow -₹9.83 Cr -₹26.11 Cr -₹71.91 Cr -₹3.29 Cr -₹19.47 Cr
Financing Cash Flow -₹69.46 Cr -₹37.57 Cr ₹83.81 Cr ₹8.39 Cr ₹54.16 Cr
Capital Expenditure ₹11.11 Cr ₹26.28 Cr ₹72.16 Cr ₹3.51 Cr ₹19.92 Cr
Free Cash Flow (computed) ₹68.16 Cr ₹37.48 Cr -₹84.06 Cr -₹8.63 Cr -₹54.74 Cr
Dividends Paid ₹52.62 Lakh ₹52.62 Lakh ₹63.15 Lakh ₹63.15 Lakh ₹52.62 Lakh
Net Change in Cash -₹2.41 Lakh ₹7.53 Lakh -₹54,000 -₹89,000 -₹13.27 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹110.46 Cr ₹155.49 Cr ₹170.77 Cr ₹157.1 Cr ₹147.79 Cr ₹158.29 Cr ₹166.06 Cr ₹190.01 Cr ₹166.4 Cr ₹206.42 Cr ₹208.88 Cr ₹140.56 Cr
Other Income ₹24.11 Lakh ₹24.25 Lakh ₹4.12 Lakh ₹3.77 Lakh -₹3.46 Lakh ₹10.42 Lakh ₹4.77 Lakh ₹3.76 Lakh ₹10.73 Lakh ₹8.8 Lakh ₹4.75 Lakh ₹1.01 Lakh
Total Income ₹110.7 Cr ₹155.73 Cr ₹170.81 Cr ₹157.14 Cr ₹147.76 Cr ₹158.39 Cr ₹166.11 Cr ₹190.05 Cr ₹166.51 Cr ₹206.51 Cr ₹208.93 Cr ₹140.57 Cr
Cost of Materials Consumed ₹40.14 Cr ₹44.81 Cr ₹44.81 Cr ₹36.41 Cr ₹30.84 Cr ₹34.1 Cr ₹31.3 Cr ₹27.61 Cr ₹27.88 Cr ₹29.54 Cr ₹33.94 Cr ₹31.32 Cr
Purchases of Stock-in-Trade ₹54.41 Cr ₹81.6 Cr ₹97.7 Cr ₹102.99 Cr ₹96.13 Cr ₹96.46 Cr ₹115.69 Cr ₹134.75 Cr ₹117.62 Cr ₹157.38 Cr ₹148.84 Cr ₹96.36 Cr
Changes in Inventories -₹12.23 Cr ₹2.95 Cr ₹2.87 Cr -₹5.66 Cr -₹4.87 Cr ₹3.35 Cr -₹3.24 Cr ₹4.87 Cr -₹2.45 Cr -₹1.77 Cr ₹2.3 Cr -₹3.1 Cr
Employee Benefit Expense ₹5.61 Cr ₹5.06 Cr ₹4.88 Cr ₹4.49 Cr ₹4.33 Cr ₹3.47 Cr ₹3.42 Cr ₹3.14 Cr ₹3.91 Cr ₹3.44 Cr ₹2.9 Cr ₹2.83 Cr
Finance Costs ₹4.63 Cr ₹4.68 Cr ₹5.23 Cr ₹5.44 Cr ₹5.12 Cr ₹5.77 Cr ₹3.64 Cr ₹4.31 Cr ₹2.71 Cr ₹5.53 Cr ₹4.21 Cr ₹2.76 Cr
Depreciation & Amortisation ₹2.93 Cr ₹2.38 Cr ₹2.56 Cr ₹2.24 Cr ₹2.31 Cr ₹1.81 Cr ₹1.82 Cr ₹1.8 Cr ₹2.72 Cr ₹26.21 Lakh ₹2.5 Cr ₹1.38 Cr
Other Expenses ₹14.44 Cr ₹13.43 Cr ₹11.59 Cr ₹9.21 Cr ₹15.38 Cr ₹11.58 Cr ₹10.67 Cr ₹11.2 Cr ₹12.75 Cr ₹10.91 Cr ₹10.63 Cr ₹6.81 Cr
Total Expenses ₹109.94 Cr ₹154.89 Cr ₹169.64 Cr ₹155.12 Cr ₹149.24 Cr ₹156.55 Cr ₹163.3 Cr ₹187.69 Cr ₹165.14 Cr ₹205.3 Cr ₹205.31 Cr ₹138.36 Cr
Profit Before Exceptional Items & Tax ₹76.16 Lakh ₹84.03 Lakh ₹1.17 Cr ₹2.02 Cr -₹1.48 Cr ₹1.84 Cr ₹2.81 Cr ₹2.36 Cr ₹1.37 Cr ₹1.21 Cr ₹3.61 Cr ₹2.21 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹76.16 Lakh ₹84.03 Lakh ₹1.17 Cr ₹2.02 Cr -₹1.48 Cr ₹1.84 Cr ₹2.81 Cr ₹2.36 Cr ₹1.37 Cr ₹1.21 Cr ₹3.61 Cr ₹2.21 Cr
Total Tax Expense ₹2.13 Cr ₹51.2 Lakh ₹10.11 Lakh ₹48.83 Lakh ₹1.43 Cr ₹25.71 Lakh ₹62.16 Lakh ₹8.89 Lakh ₹46.79 Lakh -₹23.66 Lakh ₹1.89 Cr ₹15.75 Lakh
Net Profit -₹1.37 Cr ₹32.83 Lakh ₹1.07 Cr ₹1.53 Cr -₹2.92 Cr ₹1.58 Cr ₹2.19 Cr ₹2.27 Cr ₹89.97 Lakh ₹1.44 Cr ₹1.73 Cr ₹2.06 Cr
Other Comprehensive Income ₹21.72 Lakh ₹0 ₹0 ₹0 ₹20.23 Lakh ₹0 ₹0 ₹0 ₹9.26 Lakh -₹3,000 ₹0 ₹0
Total Comprehensive Income -₹1.15 Cr ₹32.83 Lakh ₹1.07 Cr ₹1.53 Cr -₹2.71 Cr ₹1.58 Cr ₹2.19 Cr ₹2.27 Cr ₹99.23 Lakh ₹1.44 Cr ₹1.73 Cr ₹2.06 Cr
EBITDA (computed) ₹8.33 Cr ₹7.9 Cr ₹8.96 Cr ₹9.7 Cr ₹5.95 Cr ₹9.42 Cr ₹8.27 Cr ₹8.48 Cr ₹6.8 Cr ₹7 Cr ₹10.32 Cr ₹6.36 Cr
Basic EPS ₹-2.59 ₹0.62 ₹2.03 ₹2.91 ₹-5.54 ₹3.01 ₹4.16 ₹4.32 ₹1.71 ₹2.74 ₹3.28 ₹3.91
Diluted EPS ₹-2.59 ₹0.62 ₹2.03 ₹2.91 ₹-5.54 ₹3.01 ₹4.16 ₹4.32 ₹0.00 ₹2.74 ₹3.28 ₹3.91
Latest 12 quarters shown of 25 on record.
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Shareholding Pattern of Salona Cotspin Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 68.42%, retail and other public shareholders hold 31.58% of Salona Cotspin Limited. The company had 2,660 shareholders on record.

Promoters: 68.42%Retail & Others: 31.58%
Mar 2026
QUARTER
68.42% Promoters
31.58% Retail & Others
Promoter holding - history
Now 68.42% · Mar 2026High 68.42% · Dec 2025Low 56.54% · Jun 2016
55%58.8%62.5%66.3%70%Jun 2016Sep 2018Dec 2020Mar 2023Jun 2025Jun 2016: 56.54%Sep 2016: 56.69%Dec 2016: 57.38%Mar 2017: 57.52%Jun 2017: 58.30%Sep 2017: 58.36%Dec 2017: 58.36%Mar 2018: 61.41%Jun 2018: 61.41%Sep 2018: 61.41%Dec 2018: 61.42%Mar 2019: 61.86%Jun 2019: 61.86%Sep 2019: 62.24%Dec 2019: 62.24%Mar 2020: 63.04%Jun 2020: 63.04%Sep 2020: 65.98%Dec 2020: 65.98%Mar 2021: 65.98%Jun 2021: 65.98%Sep 2021: 65.98%Dec 2021: 65.98%Mar 2022: 65.98%Jun 2022: 65.98%Sep 2022: 65.98%Dec 2022: 65.98%Mar 2023: 67.09%Jun 2023: 67.09%Sep 2023: 67.09%Dec 2023: 67.09%Mar 2024: 67.09%Jun 2024: 67.09%Sep 2024: 67.09%Dec 2024: 67.09%Mar 2025: 67.09%Jun 2025: 67.09%Sep 2025: 67.09%Dec 2025: 68.42%Mar 2026: 68.42%68.42%56.54%68.42%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters68.42%68.42%67.09%67.09%67.09%67.09%
Public31.58%31.58%32.91%32.91%32.91%32.91%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Promoters68.42%67.09%67.09%67.09%65.98%65.98%63.04%61.86%61.41%57.52%
Public31.58%32.91%32.91%32.91%34.02%34.02%36.97%38.14%38.59%42.48%
Promoter change (YoY, %pts)+1.33+0.00+0.00+1.11+0.00+2.94+1.18+0.45+3.89-

Board & Governance of Salona Cotspin Limited

As per the corporate governance filing with NSE for the quarter ended 30-JUN-2026, the board of Salona Cotspin Limited has 8 directors - 4 independent and 3 executive. The board is chaired by Shyam lal Agarwala.

DirectorPositionOn board sinceListed boards
Shyam lal Agarwala Executive Director · CEO-MD · Chairperson 1997-01-18 1
Manoj Kumar Jhajharia Executive Director · MD 1998-09-26 1
Arunkumar Jhajharia Executive Director 2018-02-12 1
Raghav Agarwal Non-Executive - Non Independent Director 2022-11-14 1
Haridesikan Ganesh Non-Executive - Independent Director 2020-06-25 1
Prabu Non-Executive - Independent Director 2022-11-14 1
Harshidaa Dhiresh Raichura Non-Executive - Independent Director 2024-11-12 1
Gaurav Jain Non-Executive - Independent Director 2025-08-23 1
Board Committees
CommitteeMembers
Audit Committee Haridesikan Ganesh (Chairperson), Prabu, Arunkumar Jhajharia, Harshidaa Dhiresh Raichura
Nomination and remuneration committee Prabu (Chairperson), Haridesikan Ganesh, Harshidaa Dhiresh Raichura
Stakeholders Relationship Committee Haridesikan Ganesh (Chairperson), Manoj Kumar Jhajharia, Shyam lal Agarwala

Charges & Borrowings of Salona Cotspin Limited

Open charges
₹604.03 Cr
Satisfied charges
₹77.69 Cr
Breakdown by lending institutions
Others₹329.34 Cr
Hdfc Bank Limited₹214.82 Cr
State Bank of India₹59.88 Cr
Latest charge details
DateLenderAmountStatus
08 Aug 2025 Hdfc Bank Limited ₹8.71 Lakh Open
31 Jul 2025 Hdfc Bank Limited ₹1.8 Cr Open
31 Aug 2024 Hdfc Bank Limited ₹22.53 Lakh Open
29 Sep 2023 Hdfc Bank Limited ₹51 Cr Open
22 Aug 2023 Hdfc Bank Limited ₹17.57 Lakh Open

Total charge records: 32 View all charges

Employees and EPFO Compliance at Salona Cotspin Limited

Salona Cotspin Limited has a workforce of 380 employees as of Apr 04, 2024.

Employee count
380
Active EPFO establishments
1
Employee growth
49.61%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Salona Cotspin Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Salona Cotspin Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Salona Cotspin Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Salona Cotspin Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Salona Cotspin Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Salona Cotspin Limited

MSME Payment Delays by Salona Cotspin Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Salona Cotspin Limited

Subsidiaries & Group Companies of Salona Cotspin Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Salona Cotspin Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Salona Cotspin Limited

MCA Filings & Documents of Salona Cotspin Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Salona Cotspin Limited

Charges
19 Jan 2026
A charge with Others of Rs. 46.66 Cr registered on 04 Sep 2020 with Charge ID 100394610 was modified on 19 Jan 2026.
Activity
19 Sep 2025
Salona Cotspin Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Directors
23 Aug 2025
Gaurav Jain was appointed as a Director on 23 Aug 2025 & has been associated with this company since 10 months 17 days.
Charges
08 Aug 2025
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101158306 was registered on 08 Aug 2025.
Charges
31 Jul 2025
A charge with Hdfc Bank Limited amounted to Rs. 1.80 Cr with Charge ID 101139278 was registered on 31 Jul 2025.
Charges
21 Jun 2025
A charge registered on 29 Apr 2020 via Charge ID 100364822 with Others was fully satisfied on 21 Jun 2025.

Frequently Asked Questions about Salona Cotspin Limited

Salona Cotspin Limited is an active public limited company in the manufacturing sector based in Sathyamangalam, Tamil Nadu, India. It was incorporated on 18 January 1994 (32+ years old) and is registered under CIN L17111TZ1994PLC004797. Listed on BSE: 590056 and NSE: SALONA. The company has 380 employees.

Salona Cotspin Limited reported revenue of ₹662.31 Cr for FY 2025 (down 8.00% YoY).

The current directors of Salona Cotspin Limited are:

The primary industry of Salona Cotspin Limited is manufacturing. The company specifically operates in textile and fabric production. The company is currently active in this sector.

Yes. Salona Cotspin Limited is listed on both BSE (code: 590056) and NSE (symbol: SALONA).

Salona Cotspin Limited can be reached at the registered office: Sf No 7412 & 753Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, India – 638402, or through the website salonacotspin.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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