AGM/EGM30 Sept 2026, 05:21 pm
Ambika Cotton Mills Approves ₹37 Dividend, Reappoints MD
AI Summary
Ambika Cotton Mills Ltd held its 38th Annual General Meeting (AGM) on September 29, 2026, approving key resolutions. Shareholders approved a final dividend of ₹37 per share for the financial year 2025-2026. The AGM also saw the re-appointment of Sri. P.V. Chandran as Managing Director for a five-year term starting April 1, 2027. Additionally, Dr. K. Venkatachalam was approved to continue as Non-Executive Director upon attaining 75 years, and Mrs. Vijayalakshmi Narendra was re-appointed as Independent Women Director. Sri K. Murali Mohan was appointed as an Independent Director for a five-year term.
Key Highlights
- Final dividend of ₹37 per share approved for FY2025-2026.
- Sri. P.V. Chandran re-appointed as Managing Director for 5 years.
- Dr. K. Venkatachalam to continue as Non-Executive Director post-75.
- Independent Women Director and Independent Director appointments approved.
- AGM held via Video Conferencing on September 29, 2026.
Price Impact
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