Ambika Cotton Mills Announces 38th AGM on Sep 29, 2026, Proposes ₹37 Dividend
Ambika Cotton Mills will hold its 38th AGM on September 29, 2026. A final dividend of ₹37 per equity share for FY 2025-26 is proposed. Key agenda items include re-appointments of Sri. P.V. Chandran as MD (from April 1, 2027, to March 31, 2032) and Dr. K. Venkatachalam as Non-Executive Director. Mrs. Vijayalakshmi Narendra and Sri K. Murali Mohan are proposed for re-appointment/appointment as Independent Directors.
The AGM agenda includes routine director re-appointments and a dividend declaration, which are standard for listed companies. The re-appointment of key management personnel and directors can have a medium-term impact on corporate governance and strategic direction.
The announcement is primarily procedural, detailing the upcoming AGM, dividend proposal, and director re-appointments. While the dividend and re-appointments are routine corporate actions, there are no significant positive or negative developments mentioned.
Ambika Cotton Mills Limited has announced its 38th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, at 12:00 Noon via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company will present the audited financial statements for the fiscal year 2025-26, including the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement as of March 31, 2026, along with the Directors' and Auditors' reports.
A final dividend of ₹37 per Equity Share of ₹10 each for FY 2025-2026 is proposed, with the record date set for Tuesday, September 22, 2026. The meeting agenda also includes the re-appointment of Dr. K. Venkatachalam as a Director retiring by rotation. Additionally, special business will be transacted, including the re-appointment of Sri. P.V. Chandran as Managing Director for a period of 5 years from April 1, 2027, to March 31, 2032, at a remuneration of ₹2,00,000 per month. The re-appointment of Dr. K. Venkatachalam as Non-Executive Director beyond the age of 75, the re-appointment of Mrs. Vijayalakshmi Narendra as an Independent Woman Director for a second term of five years (August 12, 2026, to August 11, 2031), and the appointment of Sri K. Murali Mohan as a Non-Executive and Independent Director for five years from the conclusion of the AGM are also on the agenda. The company will also seek ratification of the Cost Auditors' remuneration for FY 2026-27.
The Register of Members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, inclusive. The company has also provided detailed notes regarding the AGM procedures, including remote e-voting, dividend payment, and compliance requirements.
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Ambika Cotton Mills Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ambika Cotton Mills Limited. Read the original for the full detail.