Super Spinning Mills Limited announced that following the shareholders' approval vide postal ballot on 28th August 2023, authorising to sell/transfer/dispose off the undertaking (plant and machinery) of the SUPERB Unit, it is hereby proposed to permanently close the operations at SUPER B unit. Accordingly, necessary document for the closure of the said unit has been submitted with the Inspector of Factories, Anantapuram, Andhra Pradesh. Date of closure or estimated time of closure: August 31, 2023.

Reasons for closure: Unviable operations due to continuous production loss in spite of attempts to turn it around. The SUPER B Unit experienced a major breakdown of the Machine, resulting in a potential higher restoration cost.