Laxmi Cotspin Limited has informed the Exchange regarding Board meeting held on August 26, 2025.
LAXMICOT · price
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Awaiting price reaction for this filing.
Laxmi Cotspin Limited's board met on August 26, 2025 and approved several items. The board approved the Annual Report and Auditor's Report for FY2024-25, along with the notice for the 20th Annual General Meeting scheduled for September 19, 2025 at 12:30 PM via video conferencing. The register of members and share transfer books will be closed from September 13 to September 19, 2025. The board appointed M/s D Sagar & Associates as Secretarial Auditor for a five-year term from April 1, 2025 at a remuneration of Rs. 75,000. The board also approved an overall managerial remuneration cap of Rs. 1 crore for five years effective April 1, 2025, with Director Mr. Ramesh Mundada's pay set at Rs. 1,40,000 per month and Managing Director Mr. Sanjay Rathi's pay at Rs. 6,00,000 per month, all subject to shareholder approval at the upcoming AGM.
This is a routine corporate governance filing covering AGM logistics, auditor appointments, and director remuneration proposals that require shareholder approval. There are no surprising or negative elements — the announcement simply sets the agenda for the upcoming AGM and is unlikely to cause significant stock price movement on its own.