Laxmi Cotspin Limited — Others, 03-03-2025: Shareholders meeting

Laxmi Cotspin Limited has announced a board meeting on March 25, 2025, to seek shareholders' approval for the sale of immovable properties at Gut Nos. 395 to 398 in Samanagaon to its wholly owned subsidiary, Laxmi Spintex Private Limited, for approximately ₹7.5 crore. This sale is strategically aimed at optimizing resources, as the properties are currently non-utilized, and will help the company maintain its investment while facilitating growth. The transaction is expected to have a positive outlook, supporting expansion efforts without disrupting current operations. Investors may view this as a proactive move enhancing company efficiency and resource management.