Salona Cotspin Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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Salona Cotspin Limited has informed the NSE about its 31st Annual General Meeting scheduled for Friday, September 19, 2025 at 12:15 PM IST, to be held via Video Conferencing (VC/OAVM). Key business items include adoption of audited financial statements for FY 2024-25, declaration of dividend on equity shares, re-appointment of Mr. Arunkumar Jhajharia as director (retiring by rotation), and ratification of the cost auditor's remuneration of Rs. 25,000 per annum. Special business items cover the appointment of Mr. Ramanathan Kannan as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), re-appointment of Mr. Hari Desikan Ganesh as Independent Director for a second 5-year term, appointment of Mr. Gaurav Jain as Independent Director for 1 year, and approval of material related party transactions with Shristi Cotspinn Private Limited up to Rs. 100 Crores. The record date for dividend eligibility is September 12, 2025, with the remote e-voting window running from September 16 to September 18, 2025.
This is a routine AGM notice for shareholders. Investors holding shares as of the record date (September 12, 2025) will be eligible for any dividend declared at the meeting. Shareholders should review the proposed related party transaction with Shristi Cotspinn (up to Rs. 100 Crores) and the multiple board appointments/re-appointments before exercising their voting rights.