Ambika Cotton Mills announces AGM, dividend, delisting plan

Ambika Cotton Mills Limited will hold its 37th annual general meeting (AGM) on Saturday, September 27, 2025, to consider and adopt the audited financial statements for the year ended March 31, 2025. The company has proposed a final dividend of Rs. 37 per equity share (face value of Rs. 10 each) for the financial year 2024-2025. The register of members and share transfer books will be closed from September 21 to September 27, 2025, for the purpose of the AGM and dividend payment, with the dividend payable to eligible members as of September 20, 2025.

The AGM agenda also includes the re-appointment of Bhavya Chandran as director and a special resolution for the continued holding of office by Dr. K. Venkatachalam as non-executive director beyond the age of 75. Additionally, the company proposes to voluntarily delist its equity shares from BSE Limited, while maintaining its listing on the National Stock Exchange of India Limited. An amendment to Article 69(a) of the Articles of Association is also proposed to increase the maximum number of directors to fifteen. The remuneration for the cost auditors, M/s. Sakthivel & Co, Tirupur, for auditing textiles for FY 2025-26, is set at Rs. 75,000.