Laxmi Cotspin logo

Laxmi Cotspin MD, chairman, board of directors and AGM

NSE: LAXMICOTTextiles & ApparelsSmall Cap

Last close ₹12.04down ₹0.46 (3.68%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹12.50.

52-week range of traded prices to 23 Oct 2026
₹11.36Low, 2 Sep 2026₹24.44High, 13 Feb 2026
Market cap
₹21 Cr3,952nd largest listed
P/E
Lossover the last 12 months
P/B
0.3
Dividend yield
Nonein the last 12 months
ROE
−4.8%
ROCE
−2.7%
Debt to equity
0.70
Volume, NSE
7,43892.5% delivered

Laxmi Cotspin board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSANJAY KACHRULAL RATHI
  • Company Secretary and Compliance OfficerDeepika Dalmiya

8 directors4 independent3 executive1 non-executive

  • SANJAY KACHRULAL RATHI · Chairperson and managing directorExecutive · joined Oct 2005 · reappointed Dec 2021 · 1 listed board · 2 committee seats
  • SHARDA GHANSHAM SIKCHINon-executive · joined Apr 2026 · reappointed Apr 2026 · 1 listed board
  • RAMESH GOPIKISHAN MUNDADAExecutive · joined Jul 2022 · reappointed Jul 2022 · 1 listed board · 1 committee seat
  • RAVINDRA MISHRILAL BANGADExecutive · joined Dec 2025 · reappointed Dec 2025 · 1 listed board · 1 committee seat
  • KAILASH SHRIKISAN BIYANIIndependent · joined Oct 2021 · reappointed Oct 2021 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • GOPAL SATYANARAYAN MUNDADAIndependent · joined Oct 2021 · reappointed Oct 2021 · 60 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • GAURAV RAMNIVAS KARWAIndependent · joined Aug 2025 · reappointed Aug 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • VIVEK MOHANLAL MANIYARIndependent · joined Aug 2025 · reappointed Aug 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • PRAFULLATA SANJAY RATHI, left 7 Feb 2026: Others
  • SHIVRATAN SHRIGOPAL MUNDADA, left 25 Nov 2025: Others
  • VIJAYKUMAR JAINARAYAN ZANWER, left 7 Aug 2025: Others
  • KETAN S SHAH, left 7 Aug 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 Jun 20267 of 8 present4 independent · 18 days in between
    • 11 Jun 20267 of 8 present3 independent · 19 days in between
    • 22 May 20267 of 8 present3 independent · 21 days in between
    • 30 Apr 20266 of 7 present3 independent · 75 days in between
    2 earlier meetings
    • 13 Feb 20267 of 7 present4 independent · 9 days in between
    • 3 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair GOPAL SATYANARAYAN MUNDADA

    SANJAY KACHRULAL RATHI, KAILASH SHRIKISAN BIYANI

    • 2 Jun 20263 of 3 present2 independent
    • 22 May 20263 of 3 present2 independent · 29 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair VIVEK MOHANLAL MANIYAR

    GOPAL SATYANARAYAN MUNDADA, GAURAV RAMNIVAS KARWA

    • 2 Jun 20263 of 3 present3 independent · 10 days in between
    • 22 Apr 20263 of 3 present3 independent · 67 days in between
    • 13 Feb 20263 of 3 present3 independent · no day in between

  • Stakeholders Relationship Committee

    Chair KAILASH SHRIKISAN BIYANI

    RAMESH GOPIKISHAN MUNDADA, RAVINDRA MISHRILAL BANGAD

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair KAILASH SHRIKISAN BIYANI

    GOPAL SATYANARAYAN MUNDADA, SANJAY KACHRULAL RATHI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • SINGH MUNDADA AND ASSOCIATESPeer-review certificate valid to Feb 2028
1 earlier auditor
  • DMKH & Co.Named in filings from Mar 2025 to Mar 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Laxmi Cotspin AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Laxmi Cotspin dividend history

Annual general meeting, 28 Sep 2026

7,750 shareholders on the register on 21 Sep 2026; present: 6 promoters and 33 others; votes counted by CA PIYUSH AGRAWAL / AGRAWAL KUCHERIYA & CO.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2026 along with Directors Report and Audited Report of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

  2. To Consider and Approve the Appointment Of MS. Singh Mundada and Associates, Chartered Accountants (FRN:122059W), As Statutory Auditors of the company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

  3. To appoint a Director in place of Mr. Ramesh Gopikishan Mundada (DIN- 00153255), who retires by rotation at this Annual General Meeting and being eligible offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

  4. Ratification of Remuneration of Cost Auditors for the Financial Year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

  5. Reappointment of Mr. Sanjay Kachrulal Rathi (DIN: 00182739) as Managing Director and chairman of the Company subject to approval of shareholders.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

  6. Alteration in the Object Clause of the Company by Addition in object.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 0.85% · promoters 0.00% · institutions 0.00% · other public 2.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Jul 2026, 2 resolutions

7,890 shareholders on the register on 5 Jun 2026; votes counted by CA Piyush Agrawal / Agrawal Kucheriya & Co.The company's voting result (opens in a new tab)

  1. To consider and approve the appointment of Ms. Singh Mundada and Associates, Chartered Accountants (FRN:122059W) as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of the existing Statutory AuditorsMoreLess
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 17.11% · promoters 17.73% · institutions 0.00% · other public 16.22%

  2. Regularisation of Mrs. Sharda Ghansham Sikchi (DIN: 11683795) as Non-Executive Women Director of the company.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 17.11% · promoters 17.73% · institutions 0.00% · other public 16.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Feb 2026, 1 resolution

8,357 shareholders on the register on 19 Feb 2026; present: 7 promoters and 32 others; votes counted by CA Piyush Agrawal / Agrawal Kucheriya & Co.The company's voting result (opens in a new tab)

  1. Regularization of Additional Director, Mr. Ravindra Mishrilal Bangad (DIN: 00533907) by appointing him as an Executive director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 6.48% · promoters 4.37% · institutions 0.00% · other public 9.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2025, 10 resolutions

7,613 shareholders on the register on 12 Sep 2025; present: 5 promoters and 36 others; votes counted by PIYUSH AGRAWAL / AGRAWAL KUCHERIYA & CO..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2025 along with Directors Report and Audited Report of the Company.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  2. To ratify the appointment of Ms. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regard pass with or without modification(s), the following resolution as an ordinary resolution.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  3. Mrs. Prafullata Rathi (DIN- 03056379) who retire by rotation and being eligible for reappointment, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  4. Ratification of Remuneration of Cost Auditors for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  5. To consider and approve the appointment of Ms D Sagar and Associates, Practicing Company Secretary, as Secretarial Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  6. Regularisation of Appointment of Mr. Gaurav Ramnivas Karwa (DIN: 07303830) as Non-Executive Independent Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  7. Regularisation of Appointment of Mr. Vivek Mohanlal Maniyar (DIN: 11224234) as Non-Executive Independent Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  8. Approval of Overall Managerial Remuneration.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  9. Approval for Fixation of Remuneration to Director Mr. Ramesh Gopikishan Mundada.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

  10. Approval for continuation of Remuneration to Managing Director Mr. Sanjay Rathi
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 31.50% · promoters 38.43% · institutions 0.00% · other public 21.66%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Jun 2025, 1 resolution

7,594 shareholders on the register on 16 May 2025; votes counted by CA Piyush Agrawal / Agrawal Kucheriya & Co.The company's voting result (opens in a new tab)

  1. To consider and approve sale of Open- End machines BD-6, 4 Nos @ 1824 Rotors situated at Laxmi Cotspin Ltd gut no. 394, 399 At Post Samanagaon Tq. Dist. Jalna 431203 due to closure of Open-End division of the company.MoreLess
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 54.80% · promoters 72.89% · institutions 0.00% · other public 29.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Mar 2025, 1 resolution

7,654 shareholders on the register on 18 Mar 2025; present: 7 promoters and 31 others; votes counted by CA Piyush Agrawal / Agrawal Kucheriya & Co.The company's voting result (opens in a new tab)

  1. 1 - TO SELL TRANSFER CONVEY, ASSIGN OR OTHERWISE DISPOSE OF THE COMPANYS UNDERTAKING/IMMOVABLE PROPERTY/IES SITUATED AT GUT NO. 395, 396, 397 AND 398 AT POST SAMANAGAON TQ. DIST. JALNA TO ITS WHOLLY OWNED SUBSIDIARY LAXMI SPINTEX PRIVATE LIMITED SUBJECT TO APPROVAL OF MEMBERS.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 2.95% · promoters 0.00% · institutions 0.00% · other public 7.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 3 resolutions

Present: 5 promoters and 25 others.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.t1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.t1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.t1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.t1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.t1 - To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2024 along with Directors Report and Audited Report of the Company.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.39% · promoters 0.00% · institutions 0.00% · other public 15.10%

  2. 2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).t2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).t2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).t2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).t2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).t2 - To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration and in this regards pass with or without modification(s).MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.39% · promoters 0.00% · institutions 0.00% · other public 15.10%

  3. 3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.t3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.t3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.t3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.t3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.t3 - Mr. Ramesh Mundada (DIN- 00153255) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.MoreLess
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 6.39% · promoters 0.00% · institutions 0.00% · other public 15.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 3 resolutions

Present: 3 promoters and 14 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt Standalone and Consolidated Audited Financial statements including Profit and Loss Account Balance Sheet, for the year ended on 31st March, 2023 along with Directors Report and Audited Report of the Company.MoreLess
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 40.21% · promoters 48.31% · institutions 0.00% · other public 29.29%

  2. To reappoint M/s. DMKH AND CO, Chartered Accountants, Mumbai, as statutory auditor of the company and to fix their remuneration.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 40.21% · promoters 48.31% · institutions 0.00% · other public 29.29%

  3. - Mr. Shivratan Mundada (DIN- 00349668) who retire by rotation and being eligible for reappointment, offers himself for re-appointment.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 40.21% · promoters 48.31% · institutions 0.00% · other public 29.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyNational Stock Exchange of India LimitedSince 30 Jun 2026

    Fine

    Non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.