Laxmi Cotspin Limited has informed the Exchange regarding Resignation of SHIVRATAN SHRIGOPAL MUNDADA as Executive Director of the company w.e.f. November 25, 2025.

Kmp ResignedManagement Changes View source PDF Explain this filing

LAXMICOT · price

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹20.00

prior close

₹20.08

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.6% vs market

Other Textile Products peers, median of 172sector+0.2%-0.5% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.7

10m

+1.6

15m

+1.3

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+1.3-1.6+0.2-0.5

Next day

+3.7+0.9+2.8+0.7+3.0

+1.3+0.8+0.5+0.5+0.8

+2.7+0.6+2.1+0.0+2.7

+1.3-0.0+1.3-0.2+1.5

+0.5-0.5+1.0-0.9+1.4

-4.3-2.1-2.1-1.8-2.5

15d

-5.3-3.5-1.8-3.2-2.1

-6.0-2.3-3.7-3.0-3.0

-30.9-10.4-20.5-10.8-20.1

-19.3-6.1-13.1-8.7-10.5

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 172Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Laxmi Cotspin Limited has informed the stock exchange about the resignation of Shivratan Shrigopal Mundada from the position of Executive Director. The resignation is effective from November 25, 2025. No reason for the resignation has been disclosed in the filing. The company has not yet announced a replacement for the outgoing director.

Likely market impact

This is a board-level change at Laxmi Cotspin that may create a temporary leadership gap. Shareholders should watch for further updates on whether a successor is appointed and the strategic direction under the new arrangement.