BSEIndo Cotspin LimitedMediumNeutral
Announced Tue, 14 Jul · 21:26 IST

Indo Cotspin 32nd AGM notice with asset sale and borrowing limit hike

Related Party TransactionsResults View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.3%1-day move
₹32.00
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AI summary

Indo Cotspin filed 32nd AGM notice for FY 2025-26, to be held 10 August 2026 via video conferencing. Items include adoption of audited financials, appointment of M/s Manish Jain as statutory auditors for five years, re-appointment of Managing Director Mr Bal Aggarwal and whole-time directors. Company seeks approval to sell its land, building and plant and machinery to related parties for INR 11 crore, raise borrowing limit to INR 50 crore, and ratify director remuneration that may exceed statutory limits.

Likely market impact

Shareholders will vote on related party asset sale of INR 11 crore, borrowing limit hike to INR 50 crore, and director remuneration changes at the AGM.