A B Cotspin India Limited has informed the Exchange regarding 'Clarification sought on Press Release dated May 12, 2025'.
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A B Cotspin India Limited has received orders worth Rs. 13.00 crore for the supply of cotton yarn from three domestic buyers: M/s Das Fabrics Ludhiana (270 MT), M/s C Mohan International (100 MT), and M/s C Mohan Fabrics (80 MT), totalling 450 MT. The orders were received on May 12, 2025 and are to be executed within 2 months. The company clarified that the orders are from domestic entities, are not related party transactions, and promoters have no interest in the awarding entities. The clarification was filed in the prescribed SEBI tabular format as required under the November 11, 2024 master circular.
This is a positive commercial development for A B Cotspin, with new orders of Rs. 13 crore that should support near-term revenue. Since the orders are from independent domestic buyers and carry no related-party concerns, this is a clean business win for the company.