AB Cotspin India Limited saw a reduction in institutional interest as Lotus Global Enterprises Limited sold 5,71,083 shares, representing 2.60% of the company's equity. The disposal occurred via open market transactions between June and September 2026, lowering Lotus Global's holding from 6.50% to 3.90%.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sales were executed in three distinct tranches: a minor sale of 11 shares on June 12, 2026, followed by a significant sale of 4,00,000 shares on June 22, 2026, and a final sale of 1,71,072 shares on September 18, 2026. Lotus Global, formerly known as Lotus Hometextiles Limited, confirmed it does not belong to the promoter or promoter group.

Transaction Breakdown

The table below details the shareholding changes before and after the series of disposals.

The total equity share capital of AB Cotspin remained unchanged at ₹21,96,36,200 before and after the transaction, indicating no dilution or issuance of new shares during this period. The last transaction was dated September 18, 2026, with intimation received on September 19, 2026.

What the Numbers Show

Lotus Global’s exit strategy appears gradual rather than abrupt. By spreading the sale of 5,71,083 shares over three months, the entity minimized potential market impact compared to a single bulk sale. The largest single tranche, accounting for 70% of the total disposed volume, occurred in late June, suggesting an initial intent to reduce exposure quickly, followed by a slower pace in September. The remaining 3.90% stake keeps Lotus Global above the typical threshold for substantial shareholder reporting in many contexts, though it remains a non-promoter entity.

AB Cotspin India Limited has dispatched physical letters to shareholders who have not registered their email addresses, providing access details for the company’s annual report and upcoming general meeting. The communication ensures compliance with regulatory disclosure norms for members holding securities in physical mode or lacking digital contact details.

Annual General Meeting Details

The company informed shareholders that the 29th Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 12:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means. Shareholders can access the complete Annual Report for FY26 via the company’s website at www.abcotspin.co.in , specifically under the annual-report path.

The dispatch of these letters pertains specifically to members whose email addresses are not registered with the company, its Registrar and Transfer Agent, MUFG Intime India Private Limited, or their Depository Participants as of the cut-off date on September 22, 2026.

Regulatory Compliance and KYC Updates

This intimation was issued pursuant to Regulation 30 and Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The move aligns with the mandatory requirement to provide exact web-links for annual reports to non-registered email holders.

Additionally, the letter serves as a reminder for security holders to update their Know Your Customer (KYC) details in accordance with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Key requirements include:

• Recording PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination for physical folios.
• Dematerialisation of physical securities.
• Registration of an email ID to avail online services, though this remains optional.

Shareholders holding physical securities with incomplete KYC details will only be eligible for payments such as dividends or interest through electronic mode effective from April 1, 2024. Forms for nomination (ISR-1, ISR-2, ISR-3, SH-13, SH-14) and KYC updates are available on the RTA’s website.

Contact Information

All shareholder queries or service requests must be raised through the company’s website helpdesk or by calling +91 810 811 6767. The company encourages all security holders to update their email addresses early to continue receiving important information and support green initiatives.