32nd AGM results: all 9 resolutions passed; dividend of Rs 0.60 per share confirmed

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SALONA · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.1% vs market

Other Textile Products peers, median of 189sector+0.0%+0.2% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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AI summary

Salona Cotspin held its 32nd AGM on September 23, 2026. All 9 resolutions passed with strong shareholder support, mostly over 99.99 percent in favor. Final dividend of Rs 0.60 per equity share for FY26 was confirmed. Mr. Manoj Kumar Jhajharia was appointed as Managing Director. Mr. Shyam Lal Agarwala was redesignated as Executive Chairman (Non-Independent). Mr. Raghav Agarwal was re-appointed as Director. Mr. Ramasamy M Shanmugam was appointed as Independent Director for a 2 year term. Related party transactions with Shristi Cotspinn Private Limited were also approved.

Likely market impact

Routine AGM business completed; dividend of Rs 0.60 per share confirmed and key board changes approved with no dissent.