The Board of Directors of Laxmi Cotspin Limited met on 11th June 2026 to discuss key operational updates, including the appointment of a new Company Secretary, a change in Statutory Auditors, and the approval of a Rights Issue of Equity Shares up to ₹18 Crores. Notably, the company did not announce new quarterly financial results in this specific notice; however, recent reports indicate that for the quarter ended March 2026, the company reported a net loss of ₹1.44 Crore compared to a net profit of ₹7.45 Crore in the corresponding quarter of the previous year. Sales for this period declined to ₹17.28 Crore from ₹22.46 Crore in the previous corresponding quarter.

Laxmi Cotspin Limited is a Public Limited Company incorporated in 2005, primarily engaged in the textile industry with a specialization in cotton yarn manufacturing and processing. The company is based in Jalna, Maharashtra, and operates as a government-recognized Star Export House.

Regarding the recent updates, in June 2026, the company appointed Mrs. Deepika Amit Dalmiya as the new Company Secretary and Compliance Officer. Additionally, the Board approved the appointment of M/s. Singh Mundada & Associates as Statutory Auditors to fill a casual vacancy. The company also approved a Rights Issue of up to ₹18 Crores, with the purpose of repaying or pre-paying outstanding cash credit facilities and for general corporate purposes.

For the last reported period, the company’s financial performance showed significant pressure, with revenue and profit margins reflecting the challenges in the textile sector during 2025-2026. As of the latest available shareholding information, the company has several significant stakeholders, including Anand Vyapaar Private Limited (19.78%), Rameshbhai Chhotabhai Patel (12.53%), and Ashva Multi Trade Private Limited (12.05%).