Suryalakshmi Cotton Mills Limited has announced a significant inter-se transfer of shares within its promoter group. The L.N. Agarwal Family Trust is set to acquire 11,94,000 equity shares, representing a 6.35% stake in the company, from Mr. Vedant Agarwal through a gift deed transaction.

Transaction Details

Impact on Shareholding

This inter-se transfer falls under the exemptions provided in Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As a result of this transaction:

• The L.N. Agarwal Family Trust's shareholding will increase to 16,87,000 equity shares.
• Mr. Vedant Agarwal's shareholding will decrease to 11,28,664 equity shares.
• The aggregate promoter and promoter group holding remains unchanged at 60.93%.

Regulatory Compliance

The company has confirmed that all necessary disclosures under Regulation 10(5) of the SEBI (SAST) Regulations, 2011 have been made. Both the transferor and acquirer have committed to complying with the applicable disclosure requirements as per Chapter V of the Takeover Regulations.

Market Implications

While this transaction represents a significant shift in individual promoter holdings, it's important to note that:

1. There is no change in the overall promoter group shareholding.
2. The transfer is occurring within the promoter family, suggesting a potential restructuring of family holdings rather than a change in company control.
3. As a gift transaction, there is no monetary consideration involved, which may limit immediate market price implications.

Investors and market participants should view this development as an internal reorganization within the promoter group of Suryalakshmi Cotton Mills Limited, with no direct impact on the company's operations or overall ownership structure.

Suryalakshmi Cotton Mills Limited , a prominent player in the Indian textile industry, has secured shareholder approval for the re-appointment of Paritosh Agarwal as Managing Director. The decision was made during the company's 62nd Annual General Meeting (AGM) held on September 30, 2025.

Five-Year Term Approved

The shareholders have given their nod to Agarwal's re-appointment for a five-year term, spanning from June 21, 2025, to June 20, 2030. This decision follows the Board of Directors' earlier approval, which was based on the recommendation of the Nomination and Remuneration Committee.

Paritosh Agarwal's Expertise

Paritosh Agarwal brings extensive experience in the textile industry to his role. His expertise spans various crucial areas, including:

• Marketing
• Exports
• Production

Agarwal has been instrumental in several key developments within the company:

1. Setting up the Denim Division
2. Developing the export business
3. Establishing the 10 million meters Denim plant at Ramtek, Maharashtra in 1997

Under his leadership, the Ramtek plant has seen significant growth, with its capacity now reaching 40 million meters.

Family Ties

It's worth noting that Paritosh Agarwal is the son of Sri. L.N. Agarwal, who serves as the Chairman and Managing Director of Suryalakshmi Cotton Mills Limited. This family connection underscores the continuity in the company's leadership.

AGM Highlights

The 62nd AGM, conducted through video conference and other audio-visual means, saw the participation of 55 members. The meeting addressed several key points:

1. Adoption of financial statements
2. Re-appointment of Sri R. Surender Reddy as a Director
3. Appointment of Secretarial Auditors
4. Ratification of Cost Auditor's remuneration

Looking Ahead

With Paritosh Agarwal's re-appointment, Suryalakshmi Cotton Mills Limited appears poised to continue its growth trajectory in the textile sector. His proven track record in expanding the company's denim production and export business suggests a focus on these areas in the coming years.

The shareholders' approval of this re-appointment reflects confidence in the current leadership and the company's strategic direction. As the textile industry continues to evolve, Suryalakshmi Cotton Mills Limited, under Agarwal's guidance, is expected to adapt and capitalize on new opportunities in both domestic and international markets.