Ambika Cotton Mills shareholders approve all resolutions, including delisting

Ambika Cotton Mills Limited has confirmed the successful passage of all eight resolutions at its 37th Annual General Meeting (AGM) held on Saturday, September 27, 2025. The resolutions were passed with requisite majority through remote e-voting and e-voting during the AGM, as detailed in the scrutinizer's report.

Key resolutions included the adoption of financial statements for the year ended March 31, 2025, and the declaration of a final dividend of Rs.37/- per equity share for the financial year 2024-2025. The dividend resolution received 95.80% votes in favor from polled votes. Re-appointment of Mrs. Bhavya Chandran as director and the continued holding of office by Dr. K. Venkatachalam as non-executive director were also approved with 95.80% and 95.78% favoring votes, respectively.

Other significant approvals included the appointment of Sri. Sundararajan Baalaji as secretarial auditor and the amendment of Article 69(a) of the Articles of Association. A special resolution for the voluntary delisting of equity shares from BSE Limited also passed with 95.78% votes in favor. The remuneration of the cost auditors for the financial year 2025-26 was ratified and confirmed with 95.80% of votes polled.