Indo Cotspin Ltd

Indo Cotspin Limited: Trading Window closed from 01st October, 2026 till the end of 48 hours after the declaration of Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2026

AGM Details

• AGM held on 10 August 2026 at 01:00 PM IST via Video Conferencing.
• Meeting ended at 01:25 PM; record date 31 July 2026.
• Remote e-voting conducted; all resolutions approved.
• No dividend declared.

Key Resolutions & Outcomes

• Resolution 1 (Ordinary): Adopt Audited Standalone Financial Statements; Passed.
• Resolution 2 (Ordinary): Re-appointment of Arpan Aggarwal (retiring by rotation); Passed.
• Resolution 3 (Ordinary): Appointment of M/s Manish Jain & Associates as Statutory Auditors; Passed.
• Resolution 4 (Ordinary): Re-appointment Bal Aggarwal Kishan as MD; Passed.
• Resolution 5 (Ordinary): Re-appointment of Sanil Aggarwal as Whole-time Director; Passed.
• Resolution 6 (Ordinary): Re-appointment of Arpan Aggarwal as Whole-time Director; Passed.
• Resolution 7 (Ordinary): Change in designation of Raj Pal Aggarwal to Non-Executive Director; Passed.
• Resolution 8 (Special): Ratification of managerial remuneration for FY2025-26; Passed.
• Resolution 9 (Ordinary): Increase in borrowing limits; Passed.
• Resolution 10 (Special): Authorise sale/transfer to related party of land/building/machinery; Passed.
• Resolution 11 (Ordinary): Revision in remuneration for FY2026-27; Passed.

Auditor Appointment

• Statutory auditors appointed: M/s Manish Jain & Associates.

Related Party Transactions

• Approval of related party sale/transfer of land and machinery to related party; value not disclosed.

Dividends & Remuneration

• Dividend: not proposed/declared.
• Remuneration: FY2025-26 remuneration ratified; FY2026-27 remuneration approved.

AGM details

• AGM held on 10 August 2026 at 01:00 PM IST via VC/OAVM.

Resolutions

• Adopt audited standalone financial statements for year ended March 31, 2026.
• Re-appointment of Arpan Aggarwal on rotation.
• Appoint M/s Manish Jain & Associates as statutory auditors.
• Re-appointment of Bal Aggarwal Kishan as Managing Director.
• Re-appointment of Sanil Aggarwal as Whole-time Director.
• Re-appointment of Arpan Aggarwal as Whole-time Director.
• Change in designation of Raj Pal Aggarwal to Non-Executive Director.
• Ratification of overall managerial remuneration paid during FY 2025-26.
• Increase in the borrowing limits of the company.
• Authorize sale to related party of land, building, plant and machinery.
• Approve remuneration revision for MD and other directors for FY 2026-27.

Auditors & directors

• Statutory Auditors appointed: M/s Manish Jain & Associates.
• Meeting conducted via VC/OAVM; 30 members attended.

Voting status

• Voting results to be submitted separately; not disclosed in this filing.

Financial results and LR

• Board approved unaudited quarterly results for quarter ended 30 June 2026 with Limited Review Report.
• LR states no audit opinion has been issued.

Book closure and voting

• Book closure from 03 August 2026 to 10 August 2026 (inclusive) for the 32nd AGM.
• Cut-off date for voting eligibility: 31 July 2026.
• Remote e-voting from 07 August 2026 09:00 to 09 August 2026 17:00.

Financial performance

• Total revenue: ₹24.6185 crore for FY2025-26.
• Net loss after tax: ₹0.871 crore.
• Basic EPS: ₹-0.01.
• Cash flow: operating ₹3.13 crore; investing ₹-3.96 crore; net cash down ₹2.20 crore.
• Dividend proposed: none for FY2025-26.
• Net worth: approximately ₹7.24 crore.
• Long-term borrowings: ₹0.68 crore; short-term borrowings: nil.
• Solar plant investment: ₹60 lakh.

Business model & operations

• Core business: single textiles segment focused on non-woven fabrics.
• Plant location: Panipat, Haryana.
• Product range: non-woven fabrics, carpets, felts, designer carpets, geo textiles.
• There were no material changes in the business during the year.

Capital structure & liquidity

• Paid-up share capital: ₹7.14 crore; authorised capital: ₹10 crore.
• Current assets: ₹52.66 crore; current liabilities: ₹34.61 crore.
• Borrowing limit: special resolution to borrow up to ₹50 crore.
• Related-party sale planned: land/building/plant to related parties for ₹11 crore.

Governance & controls

• Independent directors: Shubham Singla (Chairman), Shally Aggarwal (Member).
• Board meetings held: 6 in the year; Audit Committee met 4 times.
• Secretarial audit: no qualifications; internal controls deemed adequate.
• Women director on board: Shally Aggarwal.

Remuneration & related-party transactions

• Remuneration for directors in 2025-26: ₹48.0 lakh total (₹12 lakh each for four directors).
• Re-appointments: Bal Aggarwal Kishan (MD), Sanil Aggarwal (WTD), Arpan Aggarwal (WTD).
• Raj Pal Aggarwal to move from WTD to Non-Executive Director.
• Item 10: related-party sale of assets to Ankita Aggarwal et al. for ₹11 crore.

Outlook & risks

• Management expects turnover growth via marketing and new product launches.
• Profitability targeted through cost control and better resource utilization.
• Risks include geopolitical tensions, crude price volatility, and competitive pressure.

AGM & material approvals

• 32nd AGM to be held on 10 August 2026 via VC/OAVM.
• Agenda includes adoption of financial statements and several director appointments/re- appointments.
• Special resolutions include enhanced borrowing limit and related-party asset sale.

AGM Details

• Date and time: 10 August 2026, 01:00 PM IST.
• Mode: VC/OAVM (no physical attendance).
• Record date for voting: 31 July 2026.
• Register closure: 03–10 August 2026.

Key Resolutions

• Item 1: Adopt audited financial statements and reports.
• Item 2: Re-appoint director retiring by rotation.
• Item 3: Appoint statutory auditors for five years.
• Item 4: Re-appoint Managing Director for five years.
• Item 5: Re-appoint Whole-Time Director for five years.
• Item 6: Re-appoint Whole-Time Director for five years.
• Item 7: Change designation to Non-Executive Director.
• Item 8: Ratify total managerial remuneration for 2025-26.
• Item 9: Increase borrowing limits to ₹50 crore.
• Item 10: Approve sale of land/building/machinery to related party for ₹11 crore.
• Item 11: Approve remuneration revision for 2026-27.

Auditor Appointment

• Statutory auditors appointed for a five-year term.

Related-Party Transactions

• Related-party sale of land, building and machinery approved for ₹11 crore.

Borrowing & Capital

• Authority to borrow up to ₹50 crore as per resolution.

Remuneration Revisions

• Remuneration for managing and other directors proposed for 2026-27.