Laxmi Cotspin Appoints Mrs. Sharda Ghansham Sikchi as Additional Non-Executive Women Director

2 min read Updated on 01 May 2026, 09:53 AM

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Suketu GScanX News Team

AI Summary

Laxmi Cotspin Limited's Board meeting on 30th April 2026 resulted in the appointment of Mrs. Sharda Ghansham Sikchi as Additional Non-Executive Women Director for 5 years, subject to shareholder approval. The Board also approved voluntary strike-off of wholly owned subsidiary Laxmi Style & Design Private Limited, which has not commenced operations since incorporation. Mr. Ramesh Gopikishan Mundada was authorized to handle the subsidiary closure process, expected to complete within 6-7 months.

*this image is generated using AI for illustrative purposes only.

Laxmi Cotspin Limited's Board of Directors held a meeting on 30th April 2026 at the company's registered office, approving several key corporate governance decisions. The meeting commenced at 12.30 PM and concluded at 1.00 PM, addressing important matters related to board composition and subsidiary management.

Board Appointment Details

The Board approved the appointment of Mrs. Sharda Ghansham Sikchi as Additional Non-Executive Women Director of the company. Her appointment is effective from 30th April 2026 for a term of 5 consecutive years, subject to shareholder approval at the ensuing General Meeting.

Parameter:	Details
Name:	Mrs. Sharda Ghansham Sikchi
DIN:	11683795
Position:	Additional Non-Executive Women Director
Term:	5 consecutive years from 30th April 2026
Status:	Liable to retire by rotation

Director Profile and Qualifications

Mrs. Sharda Ghansham Sikchi brings practical industry experience to the Board with her background in the cotton ginning sector. She has completed her education up to the 10th standard and possesses hands-on experience in cotton ginning operations. Her expertise encompasses:

Raw cotton procurement processes
Ginning operations management
Quality grading and assessment
Cotton bales handling procedures
Supply chain aspects of the cotton industry

The company confirmed that Mrs. Sikchi is not related to any existing Directors or Key Managerial Personnel and is not debarred from holding directorial positions by any SEBI order or regulatory authority.

Subsidiary Strike-Off Decision

The Board approved the voluntary strike-off of Laxmi Style & Design Private Limited, a wholly owned subsidiary of the company. This decision was made as the subsidiary has not commenced any business operations since its incorporation. The company stated that this closure is not expected to have any material impact on its consolidated financial performance.

Aspect:	Details
Subsidiary Name:	Laxmi Style & Design Private Limited
Status:	Wholly owned subsidiary
Reason for Strike-off:	No business operations since incorporation
Expected Timeline:	6-7 months
Financial Impact:	No material impact on consolidated performance

Authorization for Closure Process

The Board authorized Mr. Ramesh Gopikishan Mundada, Director of the Company, to act as Authorized Signatory for the subsidiary closure process. His responsibilities include:

Executing and signing all necessary documents and applications
Submitting required declarations and forms
Representing the company before regulatory authorities
Coordinating with Registrar of Companies and tax authorities
Completing all statutory formalities for the closure

The voluntary strike-off process is expected to be completed within 6-7 months, subject to receipt of regulatory approvals and completion of statutory formalities. Upon completion, Laxmi Style & Design Private Limited will cease to be a subsidiary of Laxmi Cotspin Limited.

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