Laxmi Cotspin Share Price Today

Laxmi Cotspin approves auditor appointment via postal ballot

Laxmi Cotspin Limited shareholders approved the appointment of Ms. Singh Mundada and Associates as statutory auditors and the regularisation of Mrs. Sharda Ghansham Sikchi as Non-Executive Women Director via postal ballot. Both resolutions passed with over 99% of votes in favour during the e-voting period from June 17 to July 16, 2026.

Laxmi Cotspin seeks auditor appointment via postal ballot

Laxmi Cotspin Ltd has initiated a postal ballot process to appoint M/s. Singh Mundada & Associates as statutory auditors following the resignation of M/s. DMKH & Co., effective May 26, 2026. Shareholders will also vote on regularising Mrs. Sharda Ghansham Sikchi as a Non-Executive Woman Director. E-voting is scheduled from June 17 to June 18, 2026, with results expected on July 17, 2026.

Laxmi Cotspin compliance officer resigns effective June 1

Soni Shailesh Karwa resigned as Company Secretary and Compliance Officer of Laxmi Cotspin Limited effective June 1, 2026, citing personal and professional commitments. No material reasons were disclosed. The company will file necessary regulatory forms following the resignation.

Laxmi Cotspin confirms no encumbrance by promoters in FY26

Laxmi Cotspin Limited disclosed that its promoters and promoter group have not created any encumbrance on their shares during the financial year ended March 31, 2026. The confirmation was submitted to the National Stock Exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Laxmi Cotspin reports net loss for FY26

Laxmi Cotspin Limited announced its audited standalone and consolidated financial results for FY26, reporting a consolidated net loss of ₹117.86 lakh compared to a net profit of ₹47.60 lakh in the previous year. Revenue from operations for the year stood at ₹15,067.21 lakh. The statutory auditors issued a qualified opinion highlighting concerns over inventory valuation, statutory non-compliance regarding advances, and unprovided trade receivables.

Laxmi Cotspin Appoints Mrs. Sharda Ghansham Sikchi as Additional Non-Executive Women Director

Laxmi Cotspin Limited's Board meeting on 30th April 2026 resulted in the appointment of Mrs. Sharda Ghansham Sikchi as Additional Non-Executive Women Director for 5 years, subject to shareholder approval. The Board also approved voluntary strike-off of wholly owned subsidiary Laxmi Style & Design Private Limited, which has not commenced operations since incorporation. Mr. Ramesh Gopikishan Mundada was authorized to handle the subsidiary closure process, expected to complete within 6-7 months.