Laxmi Cotspin Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting

Laxmi Cotspin has announced a board meeting. Key outcomes include the approval of consolidated financial results for the quarter ended June 30, 2025, showing a net profit of ₹1.31 Cr on revenues of ₹50.59 Cr. Strategically, the company plans to diversify its business into new products like garments and bleached cotton. Additionally, the board approved replacing old spinning units with modern technology to enhance efficiency and product quality. There were also board changes, with Mr. Gaurav Karwa and Mr. Vivek Maniyar appointed as Independent Directors, and two existing independent directors resigning.