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.

Suryalakshmi Cotton Mills Limited , a prominent textile manufacturer, has announced its financial results for the first quarter, showing a profitable performance despite challenging market conditions.

Financial Highlights

The company reported a total income of Rs 17,910.13 lakhs for Q1, marking a significant increase from Rs 16,020.55 lakhs in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 11.8%.

Suryalakshmi Cotton Mills posted a net profit after tax of Rs 146.03 lakhs for the quarter, compared to Rs 42.54 lakhs in Q1 of the previous year, showcasing a substantial improvement in profitability. The company's profit before tax stood at Rs 215.40 lakhs, up from Rs 56.33 lakhs in the same period last year.

Key Financial Metrics

The company's earnings per share (EPS) for the quarter stood at Rs 0.78, compared to Rs 0.23 in the corresponding quarter of the previous year, reflecting the improved profitability.

About Suryalakshmi Cotton Mills Limited

Suryalakshmi Cotton Mills Limited is a well-established player in the Indian textile industry. The company, with its registered office in Secunderabad, is known for its diverse range of textile products.

Investors and stakeholders can access the detailed financial results on the company's website www.suryalakshmi.com , as well as on the stock exchange websites www.nseindia.com and www.bseindia.com .

The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings.