StockWatch
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Other Textile Products
Board Meeting13 Aug 2026, 06:12 pm

Sambandam Spinning Mills Reappoints Director, Appoints Two New Independent Directors

AI Summary

Sambandam Spinning Mills Ltd announced board meeting outcomes on August 13, 2026. The company approved unaudited financial results for the quarter ended June 30, 2026, along with a limited review report. The 52nd Annual General Meeting is scheduled for September 18, 2026, with a record date of September 11, 2026. Dr. V. Sekar and Sri D. Balasundaram will cease to be Independent Directors upon conclusion of the AGM. Sri S. Bhaskaran has been re-appointed for a second term, and Sri TCA Srinivasa Prasad and Sri S. Prakash have been appointed as new Independent Directors, subject to member approval at the AGM.

Key Highlights

  • Board approved unaudited financial results for Q1 FY27.
  • 52nd AGM scheduled for September 18, 2026.
  • Two existing Independent Directors to cease tenure.
  • One Director re-appointed for a second term.
  • Two new Independent Directors appointed.