Laxmi Cotspin LimitedLAXMICOTNSE
Board meeting held on May 05, 2025
As filed · Laxmi Cotspin Limited has informed the Exchange regarding Board meeting held on May 05, 2025.
EarningsDeterioratingNotablemateriality 73 out of 100
What happened
FactThe Board of Directors of LAXMICOT held a meeting on May 5, 2025, and decided to temporarily shut down the open-end yarn manufacturing division due to sluggish market sentiment. The division has a capacity of 1,824 rotors, and the company's power load has been reduced from 2,048 KVA to 1,350 KVA. The company stated that this closure will not have any material and adverse effect on its operations.