Laxmi Cotspin Limited — Others, 27-06-2025: Shareholders meeting

Laxmi Cotspin Limited has announced a postal ballot result approving the sale of four Open-End machines BD-6 with 1824 rotors located at its Jalna plant, following the closure of the Open-End plant. The resolution was passed overwhelmingly with 99.97% votes in favor. This asset sale aligns with the company’s operational restructuring and impacts shareholder value by optimizing its manufacturing footprint. Voting was conducted via remote e-voting with strong participation, confirming shareholder support for the decision.