Laxmi Cotspin Limited — Board Meeting, 05-05-2025: Outcome of Board Meeting

Laxmi Cotspin has announced a board meeting approving a temporary shutdown of its open-end yarn division (1824 rotors) due to weak market demand. The company has also cut its power load from 2048 KVA to 1350 KVA, aiming to optimize costs. Management expects no significant impact on overall operations. This cautious step highlights the company’s focus on navigating challenging market conditions in the yarn segment.