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Laxmi Cotspin Ltd. ( (IN:LAXMICOT) ) just unveiled an announcement.
Laxmi Cotspin Limited has announced an Extra Ordinary General Meeting (EGM) scheduled for March 25, 2025, to discuss the sale of its immovable properties located in Jalna to its wholly-owned subsidiary, Laxmi Spintex Private Limited. This strategic move is subject to the approval of members and aims to streamline operations and potentially enhance the company’s financial position. The decision reflects the company’s efforts to optimize its asset portfolio and improve operational efficiency, which could have significant implications for its stakeholders.
More about Laxmi Cotspin Ltd.
Laxmi Cotspin Limited is a government-recognized star export house and is listed on the National Stock Exchange of India. The company operates in the textile industry, focusing on the production and export of cotton yarn and related products.
YTD Price Performance: -30.19%
Average Trading Volume: 48,014
Current Market Cap: 385M INR
Learn more about LAXMICOT stock on TipRanks’ Stock Analysis page.