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Awaiting price reaction for this filing.
The Board of Directors of Uniroyal Industries Ltd met on 27th December 2025 and discussed several matters. The Board reviewed the company's operations and took note of the financial performance of the company and its subsidiary, AM Textiles & Knitwear Limited, deciding to implement cost-control measures and reduce operational expenses. Revised instructions will be issued to HDFC Bank regarding the company's current account. The Board accepted the resignation of Mr. Neha Migrani as Company Secretary of the company. Additionally, Managing Director Mr. Arvind Mahajan was authorized to file replies to legal notices and engage counsel on behalf of the company.
Shareholders should note the resignation of the Company Secretary, which is a key governance position and may raise compliance concerns. The focus on cost-cutting at both the company and subsidiary level signals possible margin pressure, while the authorization for legal responses suggests ongoing legal matters that could carry future risk or cost implications.