Salona Cotspin Limited has informed the Exchange regarding Outcome of Board Meeting held on August 23, 2025.
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The Board of Salona Cotspin met on August 23, 2025 and approved several items. It recommended appointing Mr. Gaurav Jain (DIN: 10719870) as an Additional Non-Executive Independent Director for one year, subject to shareholder approval. Mr. Hari Desikan Ganesh (DIN: 08710451) was recommended for re-appointment as Independent Director for a second term of five years (Sept 19, 2025 to Sept 18, 2030). The 31st Annual General Meeting was scheduled for September 19, 2025 via video conferencing, with the record date for dividend eligibility set as September 12, 2025. The Board also acknowledged Mrs. Meenkumari.S completing her second term as Independent Director on September 20, 2025, and approved reconstitution of the Audit Committee and Nomination & Remuneration Committee effective September 1, 2025. Additionally, the CSR Committee was dissolved as CSR spending did not exceed the Rs. 50 lakh threshold.
These are largely routine governance updates with no major impact on shareholders. The dividend record date of September 12, 2025 is the key actionable date for investors wanting to be eligible for the declared dividend. New independent director appointments strengthen board oversight but are standard regulatory compliance actions.