Ambika Cotton Mills: Board Expansion Follows Dividend Declaration

Ambika Cotton Mills Limited has announced that its Articles of Association were amended via a special resolution passed at the 37th Annual General Meeting on September 27, 2025. The key change involves deleting the existing Article 69 (a) and inserting a new provision stating, "The Board shall consist of not more than fifteen directors." This amendment aims to increase the board's strength from the previous limit of nine to a maximum of 15 directors.

The purpose of this amendment is to increase the board's capacity, which could support future growth and strategic initiatives. The amended Articles of Association are now filed, with the change subject to the voting results declared by the scrutinizer.