Ambika Cotton Mills Reappoints P.V. Chandran as MD for 5 Years
Ambika Cotton Mills Ltd announced the re-appointment of Sri. P.V. Chandran as Managing Director for a further period of five years, effective April 1, 2027, to March 31, 2032. This decision was made at the Board meeting held on August 8, 2026, and is subject to shareholder approval via a Special Resolution at the upcoming Annual General Meeting. Sri. P.V. Chandran, a self-made entrepreneur, founded the company in 1988 and has overseen its significant growth in spinning, knitting, and renewable energy capacities. He is the father of two Non-Executive Directors, Mrs. Vidya Jyothish and Mrs. Bhavya Chandran. The company is a manufacturer of speciality cotton yarn with a significant export component and no long-term debt.
Key Highlights
- Sri. P.V. Chandran reappointed as MD for five years.
- Reappointment term: April 1, 2027, to March 31, 2032.
- Subject to member approval at the ensuing Annual General Meeting.
- Founder has led significant company expansion and diversification.
- No long-term debt and significant export operations.
Price Impact
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