Ambika Cotton Mills Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 27, 2025
AMBIKCO · price
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Ambika Cotton Mills has scheduled its 37th AGM for Saturday, September 27, 2025, at 12:00 noon via video conferencing. The board is proposing a final dividend of Rs.37 per equity share (face value Rs.10) for FY 2024-25, with the record date set as September 20, 2025 and the share transfer register closed from September 21 to September 27, 2025. Key special business items include voluntary delisting of equity shares from BSE (while continuing on NSE), re-appointment of Mrs. Bhavya Chandran as director, continuation of Dr. K. Venkatachalam as Non-Executive Director beyond age 75, and an amendment to Articles of Association to raise the maximum board strength from 9 to 15 directors. The company also seeks shareholder approval to appoint a new Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and to ratify the Cost Auditor's remuneration of Rs.75,000 for FY 2025-26. Remote e-voting will be available from September 24 to September 26, 2025.
Shareholders will receive a Rs.37 per share dividend if approved, representing a strong payout. The proposed BSE delisting may marginally reduce trading liquidity for some investors but the stock will continue trading on NSE. Investors should watch the AGM results closely, particularly the delisting resolution and the dividend approval.