Indo Cotspin Board Approves Management Changes and Auditor Appointments
Indo Cotspin Limited's Board of Directors convened on July 14, 2026, approving several key agendas. These include the re-appointment of Mr. Sanil Aggarwal and Mr. Arpan Aggarwal as Whole-time Directors for five years, and Mr. Bal Aggarwal Kishan as Managing Director for five years. Mr. Raj Pal Aggarwal's designation will change from Whole-Time Director to Non-Executive Director. The board also approved the re-appointment of M/s. R.S. Gahlyan & Associates as Internal Auditors for FY2026-2027 to FY2028-2029 and M/s. Vikas Verma & Associates as Secretarial Auditors for FY2026-2027. M/s. Manish Jain & Associates are recommended as Statutory Auditors for five years. Additionally, the board approved an increase in borrowing limits up to ₹50 Crores and authorized the sale/disposal of land, building, and plant & machinery to a related party, all subject to shareholder approval.
Key Highlights
- Board approved re-appointment of two Whole-time Directors for five years.
- Managing Director re-appointment approved for a five-year term.
- Internal, Secretarial, and Statutory Auditors re-appointments approved.
- Borrowing limits to be increased up to ₹50 Crores.
- Board authorized sale of assets to a related party.
Price Impact
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