Laxmi Cotspin Limited — Others, 25-03-2025: Shareholders meeting

Laxmi Cotspin Limited has announced a board meeting to discuss the proceedings of the Extra-Ordinary General Meeting (EGM) held through video conferencing. The meeting, chaired by Managing Director Sanjay Rathi, confirmed the requisite quorum and facilitated remote e-voting for resolutions, including the sale of the company’s immovable property to its wholly-owned subsidiary, Laxmi Spintex Private Limited. The results will be shared with the stock exchanges within two working days. This strategic move could enhance operational efficiency by consolidating resources within its subsidiary. Investors may view this as a positive outlook for streamlining operations and potentially boosting shareholder value.