Axita Cotton Ltd

Axita Cotton Ltd has re-submitted its intimation for the record date for the final dividend for FY 2025-26. The record date is fixed as Friday, September 11, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The dividend, if declared, will be ₹0.05 per equity share (5% on face value of Re. 1). The company clarified that the earlier submission was inadvertently filed under the 'General' category instead of 'Corporate Action'. The dividend payment is expected after September 30, 2026, after tax deduction at source.

Axita Cotton Ltd has submitted its 13th Annual Report for the financial year 2025-2026, in compliance with Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which details the company's performance and activities, is also available on the company's website. The filing includes various annexures covering employee stock options, contracts, energy conservation, corporate governance, and sustainability reports.

Axita Cotton Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-2026, as required by SEBI regulations. The report, which is part of the company's 13th Annual Report, details its corporate identity, business activities, operations, and employee data. Key business activities include manufacturing and trading of cotton bales and yarns, contributing 86.13% to turnover, followed by agri-commodities and other commodities. The company operates on a standalone basis and serves both national and international markets, with exports accounting for 8.29% of total turnover. The BRSR report is available on the company's website.

Axita Cotton Ltd has announced Friday, September 11, 2026, as the record date for determining shareholder entitlement to a final dividend of ₹0.05 per equity share (5%) for the Financial Year 2025-2026. The dividend, if approved by shareholders at the upcoming Annual General Meeting, will be paid after September 30, 2026, subject to applicable TDS. This disclosure complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details are available on the company's website.

Axita Cotton Ltd has issued a notice for its 13th Annual General Meeting (AGM) scheduled for September 30, 2026, to be conducted via Video Conferencing. Key agenda items include the adoption of audited financial statements for FY 2025-2026, declaration of a final dividend of 5% (Rs. 0.05 per equity share), the re-appointment of Mr. Nitinbhai Govindbhai Patel as a director retiring by rotation, and the appointment of M/s. DTA & Associates as statutory auditors to fill a casual vacancy. Additionally, the re-appointment of Mr. Vinod Kanubhai Rana as an Independent Director for a second term will be considered.

Axita Cotton Limited has submitted an Expression of Interest (EoI) for participation in the Corporate Insolvency Resolution Process (CIRP) of Varidhi Cotspin Private Limited. Varidhi Cotspin, a yarn manufacturer with a capacity of 4,442 MTPA, is located in Dholka, Gujarat. Axita Cotton aims to acquire Varidhi through the IBC process to complement its existing operations, strengthen its presence across the cotton value chain, and support its long-term business expansion strategy. This move signifies a strategic opportunity for Axita Cotton to expand its business operations and explore potential synergies in cotton and yarn manufacturing.

Axita Cotton Ltd announced the re-appointment of Mr. Vinod Rana as an Independent Director for a second term of five years, from February 22, 2027, to February 21, 2032, subject to shareholder approval. The Board also approved the unaudited financial results for the quarter ended June 30, 2026. Additionally, the company accepted the resignation of M/s. P K N & Co. as Statutory Auditors and appointed M/s DTA & Associates as their replacement. The appointment of M/s. R J and Associates as Internal Auditors and Ms. Reena K. Patadiya as Cost Auditor for FY 2026-2027 were also approved.

Axita Cotton Ltd has announced the appointment of M/s. R J and Associates, Cost Accountants, as the company's Internal Auditor for the Financial Year 2026-2027. The decision was approved by the Board of Directors during their meeting held on August 12, 2026. M/s. R J and Associates, a partnership firm with registration number 004690, brings extensive experience in cost and internal audits across various industries. They have been associated with Axita Cotton since 2023, providing services including cost accounting, risk assessment, and financial reporting. The firm is led by experienced partners Rahul A. Modh and Jignesh S. Tarbundiya.

Axita Cotton Ltd announced the appointment of Ms. Reena K. Patadiya, proprietor of M/s. Reena Patadiya & Co., as the Cost Auditor for the Financial Year 2026-2027. The decision was approved by the Board of Directors on August 12, 2026. The firm, established in 2012, offers a range of compliance and consulting services, including cost audit and implementation, internal controls, tax, audit, and corporate law consultancy. This appointment is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Axita Cotton Ltd has disclosed the resignation of its statutory auditors, M/s. P K N & Co., Chartered Accountants (FRN 137148W). The resignation was accepted by the Audit Committee and Board of Directors on August 12, 2026. The auditors cited internal administrative and operational restructuring within their firm as the reason for resignation, explicitly stating it is not due to any disagreement with the company's management or related to accounting policies or financial reporting. The firm indicated that changes in resource availability and deployment prevent them from committing the necessary level of dedicated partner involvement and professional manpower for the company's statutory audit.