Laxmi Cotspin Limited — Others, 07-08-2025: Resignation

Laxmi Cotspin's board has approved the financial results for the quarter, showing a consolidated revenue from operations of 50.59 Cr and a profit after tax of 1.31 Cr. The company appointed Mr. Gaurav Ramnivas Karwa and Mr. Vivek Mohanlal Maniyar as new independent directors, following the resignations of Mr. Ketan Shankarlal Shah and Mr. Vijaykumar Jainarayan Zanwer. This led to the reconstitution of a key committee. Significantly, the company also approved diversifying into garments and bleached cotton, alongside upgrading its old spinning units with new, advanced technology. These strategic initiatives aim to boost efficiency and expand product offerings, enhancing competitiveness.