Laxmi Cotspin Limited has informed the Exchange about General Updates
LAXMICOT · price
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Laxmi Cotspin Limited has announced the launch of a new product called 'Ojas Cotton Roll' (Absorbent Cotton Wool I.P.), marking its entry into the medical and healthcare segment. The product falls under the Technical Textile (Meditech) category and is a forward integration move for the company. The launch is scheduled for 1st August 2025, initially in the domestic market with international markets to follow shortly. The decision was taken at a Board meeting held on 16th July 2025. The company is a recognized Star Export House and is already NSE-listed, indicating an established export presence that could support international expansion.
This product launch diversifies Laxmi Cotspin's revenue streams beyond traditional cotton products into the higher-margin medical textile segment. Short-term stock impact may be limited as the domestic launch is small, but the move into healthcare textiles could be a positive long-term growth catalyst.