SURYALAXMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suryalakshmi Cotton Mills Ltd held its Board meeting on 25th May 2026 and approved several items. The audited financial results for Q4 and FY 2025-26 were approved with an unmodified audit opinion from statutory auditors. No dividend was recommended on equity shares for FY 2025-26. The preference dividend for both 10% Cumulative Redeemable Preference Shares and 5% Non-Cumulative Redeemable Preference Shares was waived. The company re-appointed M/s. S. Hariharan & Associates as Cost Auditors for FY 2026-27 (subject to shareholder ratification), along with internal auditors and tax auditors. Independent Director Sri Dhruv Vijai Singh completed his term on 27th July 2026, and Sri Venkata Phani Kiran Kumar Immaneni (a banking professional with 33 years of experience including 15 years in China/Hong Kong) was appointed as an Additional Independent Director for 5 years. The company also extended redemption of 5,00,000 preference shares to August 2029 and approved redemption of 2,00,000 preference shares worth Rs. 2 crore on 30th June 2026.
The clean audit opinion is positive for investor confidence. No dividend recommendation and preference dividend waiver suggest conservative cash management. The new independent director appointment brings international banking expertise to the board.