Pursuant to the specified regulations, the Board of Directors in its meeting held today i. e. the 02nd day of September 2025 at the Registered Office of the Company at G.T. Road (W), Ludhiana- ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LWS Knitwear's board met on September 2, 2025 and approved several items. Mr. Girish Kapoor was reappointed as Managing Director with revised remuneration, and Mrs. Kusum Kapoor (Wholetime Director) was reappointed via retirement by rotation. The board approved an interest-free unsecured loan of up to Rs. 10 crores from each director (Girish and Kusum Kapoor, totalling up to Rs. 20 crores) with an option to convert these loans into equity shares. The company also fixed the AGM on September 30, 2025, with book closure from September 24-30, 2025. A scrutinizer was appointed for the AGM.
The biggest concern for shareholders is the Rs. 20 crore loan from the two directors with an equity conversion option - if exercised, this could dilute existing shareholders and further consolidate promoter family control. The closely-held family nature of the board (both key directors are Kapoors) and related party transactions should be closely watched by minority investors.