Shareholders approve addition of soybean trading to company objectives
LAXMICOT · price
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Laxmi Cotspin Limited's shareholders approved a change to the company's Memorandum of Association at the 21st AGM on September 28, 2026. The new Object Clause 4 lets the company trade, import, export, store, and distribute soybean, soybean seeds, oilseeds, and agricultural commodities, plus soybean-derived products like soybean oil, soybean meal, and de-oiled cake. This broadens the company beyond its existing cotton business into agri-commodity trading in domestic and international markets.
Expands business scope beyond cotton into soybean and oilseeds trading. Could diversify revenue but adds execution and commodity price risk.