Ludlow Jute & Specialities Ltd — Others, 26-08-2025: AGM/EGM

Ludlow Jute & Specialities experienced a significant ownership change as Panchjanya Distributors Private Limited acquired a 67.20% stake, initiating an open offer for an additional 26%. Total income for the year was `301.66 Cr`, down from `476.18 Cr` previously, resulting in a net loss of `10.57 Cr`. Sales and production declined due to absenteeism and lower government orders, exacerbated by a work suspension incident. To support future operations, shareholder approvals are sought to increase borrowing limits and create asset charges, both up to `250 Cr`. The company also recorded a `17.63 Cr` reversal in gratuity provision. Management anticipates a business turnaround with new leadership and promising export markets.