Salona Cotspin Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Friday, September 19, 2025 at 12.15 PM (IST) through Video Conference / Other Audio Visual Means ( OAVM ).
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Salona Cotspin has notified the NSE that its 31st Annual General Meeting will be held on Friday, September 19, 2025 at 12:15 PM IST via Video Conferencing (VC)/OAVM. Key items on the agenda include adoption of audited financial statements for FY 2024-25, declaration of a dividend on equity shares, and re-appointment of Mr. Arunkumar Jhajharia, who retires by rotation. Special business includes approving remuneration of Rs. 25,000 per annum for the Cost Auditor, appointing Mr. Ramanathan Kannan as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), re-appointing Mr. Hari Desikan Ganesh as Independent Director for a second 5-year term, and appointing Mr. Gaurav Jain as Independent Director for an initial 1-year term. Shareholders will also be asked to approve material related party transactions with Shristi Cotspinn Private Limited of up to Rs. 100 Crores. The record date for dividend entitlement is September 12, 2025, and remote e-voting will run from September 16 to September 18, 2025.
Shareholders as of the September 12, 2025 record date stand to receive a dividend (subject to TDS) if approved at the AGM. The proposed Rs. 100 Crore related party transaction limit with Shristi Cotspinn Private Limited is a material item worth monitoring, as is the induction of a new Independent Director and re-appointment of two others, which reflects board continuity.