Laxmi Cotspin Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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Laxmi Cotspin Limited has filed the notice for its 20th Annual General Meeting (AGM) to be held on Friday, September 19, 2025 at 12:30 PM via Video Conferencing. The AGM agenda includes adoption of audited standalone and consolidated financial statements for FY 2024-25, ratification of statutory auditor M/s DMKH and Co, and re-appointment of Mrs. Prafullata Rathi as a director. The company is also seeking shareholder approval to regularise the appointment of two new independent directors — Mr. Gaurav Ramnivas Karwa and Mr. Vivek Mohanlal Maniyar — each for a 5-year term, and to appoint M/s D Sagar & Associates as Secretarial Auditor for 5 years at Rs. 75,000. Shareholders will vote on overall managerial remuneration of up to Rs. 1 crore for 5 years, Rs. 6 lakh per month for Managing Director Sanjay Rathi, and Rs. 1.4 lakh per month for Director Ramesh Mundada. The remote e-voting window runs from September 16 to September 18, 2025, with the record date set as September 12, 2025.
This is a routine compliance filing giving shareholders the agenda and voting details for the upcoming AGM. The director remuneration proposals and new director appointments are standard governance items requiring shareholder approval, with no immediate financial or operational impact on the stock.