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Laxmi Cotspin Limited (LAXMICOT)

₹12.53 -1.18% last close, 16 Oct

📊 NSE: LAXMICOT 🏢 Textiles - Cotton/Blended 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Laxmi Cotspin's revenue was ₹18.3 Cr (-63.9% year on year, +5.7% on the previous quarter), and net profit ₹-0.4 Cr (against a profit a year earlier); the operating margin was 5.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹18.3	-63.9%	+5.7%
Operating profit	₹1.0	-58.9%	from loss
Net profit	₹-0.4	to loss	loss narrowed
EPS (₹)	-0.26	to loss	loss narrowed
Operating margin	5.2%	—	—

Full quarterly financials → Results calendar →

LAXMICOT delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 62.05% of the LAXMICOT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 68.59%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. 2 bulk or block deals were reported in LAXMICOT in the last 60 days: ₹0.22 Cr bought and ₹0.22 Cr sold.

62.05%Delivery, 16 Oct

68.59%Own 20-session average

0.2×Volume vs its average

₹12.53NSE close · -1.18%

Delivery in the last 5 sessions: 90.8% · 21.6% · 80.9% · 60.6% · 62.0%

Date	Side	Counterparty	Value	Price	Quantity	Type
13 Oct	Sell	Rimpy Mittal	₹0.22 Cr	₹13.68	162,133	Bulk
13 Oct	Buy	Rimpy Mittal	₹0.22 Cr	₹13.67	162,133	Bulk

Delivery across the market →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Laxmi Cotspin Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 06:22 PM

Laxmi Cotspin Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate issued by MUFG Intime India Private Limited confirms the dematerialisation, mutilation, and cancellation of physical share certificates within mandated timelines. This is a purely procedural regulatory filing confirming share registry compliance with zero impact on operational or financial metrics.

Regulation 74(5) compliance submitted for the quarter and half-year ended September 30, 2026
Confirmation certificate issued by RTA MUFG Intime India Private Limited dated October 3, 2026
Filing submitted to the National Stock Exchange on October 12, 2026

💡 No action is required for this standard procedural filing; investors should track upcoming Q2 FY27 financial results.

Laxmi Cotspin Expands MOA to Include Soybean & Oilseed Trading Following 21st AGM

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 28 Sep 2026, 07:17 PM

Shareholders of Laxmi Cotspin Limited approved an alteration to the Main Objects Clause of its Memorandum of Association (MOA) at the 21st AGM. The amendment inserts a new Object Clause 4 permitting the company to trade, procure, aggregate, import, export, and distribute soybean, oilseeds, soybean oil, de-oiled cake, and agricultural commodities. The company, which is primarily a textile manufacturer with TTM revenue of ₹118 Cr and a net loss of ₹3 Cr, is seeking to diversify its business activities into agricultural trading. No capital allocation or projected revenue figures were disclosed for this new line of business.

Shareholders approved alteration to Main Objects Clause at the 21st Annual General Meeting
Inserted new Object Clause 4 allowing procurement, trading, import, and export of soybean and oilseed products
Permits dealing in agricultural commodities including soybean oil, meal, and de-oiled cake in domestic and international markets
No financial outlay, capital expenditure, or revenue targets were disclosed in the filing

💡 Monitor upcoming quarterly disclosures to see if management commits capital or generates any initial trading revenues in soybean commodities.

Laxmi Cotspin Dispatches FY26 Annual Report Weblink Ahead of 21st AGM on Sep 28, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 05 Sep 2026, 07:01 PM

Laxmi Cotspin Limited has issued an intimation regarding communication sent to shareholders whose email addresses are not registered with the company or RTA. The notice contains access details for the Integrated Annual Report for FY25-26 and the 21st Annual General Meeting (AGM). The AGM is scheduled to take place virtually via Video Conferencing on September 28, 2026, at 1:00 PM IST.

21st Annual General Meeting scheduled for Monday, September 28, 2026, at 1:00 p.m. IST
AGM will be conducted through Video Conferencing / Other Audio Visual Means (VC/OAVM)
Communication sent to unregistered email holders under Regulation 36 (1) (b) of SEBI LODR
Shareholders provided access links and QR codes to download the FY 2025-26 Annual Report

💡 Shareholders can review the FY26 Annual Report and register their email addresses with the RTA (MUFG Intime India Pvt Ltd) or depository participants for future electronic communications and AGM participation.

Laxmi Cotspin Issues FY26 Annual Report; 21st AGM Scheduled for Sept 28, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 06:45 PM

Laxmi Cotspin Limited has released its Annual Report for FY 2025-26 and convened its 21st Annual General Meeting for September 28, 2026. In FY26, the company posted consolidated revenue of ₹150.67 Cr (₹15,067.22 Lakhs) compared to ₹150.42 Cr in FY25, swinging to a net loss of ₹1.20 Cr (₹120.06 Lakhs) from a profit of ₹0.46 Cr. The company noted that it initiated commercial production of surgical cotton in FY26 and plans to install additional Ring Frames within its existing infrastructure.

21st Annual General Meeting scheduled for September 28, 2026 at 1:00 PM IST via VC/OAVM
Consolidated FY26 revenue stood at ₹150.67 Cr against ₹150.42 Cr in FY25
Consolidated net loss for FY26 reported at ₹1.20 Cr vs net profit of ₹0.46 Cr in FY25
Operating cash flow for FY26 came in positive at ₹5.25 Cr (₹524.93 Lakhs)
Subsidiary Laxmi Style & Design Private Limited was closed on June 29, 2026

💡 Track voting resolutions and commentary during the AGM on September 28, 2026, alongside updates on ramp-up in the newly commenced surgical cotton segment.

Laxmi Cotspin Plans Entry into Soybean Trading; Reappoints Sanjay Rathi as MD for 5 Years

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 04 Sep 2026, 05:52 PM

Laxmi Cotspin announced that its Board has approved seeking shareholder approval at its 21st AGM on September 28, 2026, to alter its object clause and enter the trading of soybean, oilseeds, and allied agricultural products. The Board also approved the re-appointment of Sanjay Kachrulal Rathi as Chairman & Managing Director for a 5-year tenure effective December 31, 2026, to December 30, 2031. The register of members will remain closed from September 22 to September 28, 2026.

Proposed amendment to Object Clause to include trading in soybean, oilseeds, and agricultural commodities, subject to AGM approval.
Re-appointment of Sanjay Kachrulal Rathi as CMD for a 5-year term starting December 31, 2026.
21st Annual General Meeting scheduled for September 28, 2026, via video conferencing.
Book closure set from September 22, 2026, to September 28, 2026 (both days inclusive).

💡 Track shareholder voting results at the AGM on September 28, 2026, and watch for any subsequent capital allocation or revenue contributions arising from the proposed foray into soybean and agricultural commodity trading.

Laxmi Cotspin Closes Trading Window From Sept 1, 2026 Ahead of Object Clause Board Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 12:47 PM

Laxmi Cotspin Limited has announced the closure of its trading window for all designated persons effective from September 1, 2026. The window will remain closed until 48 hours after the declaration of the outcome of a board meeting convened to consider an addition to the company's object clause. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. Designated persons and their immediate relatives have been instructed to refrain from trading in company securities during this period.

Trading window closure effective from September 1, 2026
Window will remain shut until 48 hours after the board meeting outcome
Board meeting to consider an addition in the object clause of the company
Applicable to all Directors, KMPs, Promoters, designated persons, and connected persons

💡 Watch for the upcoming board meeting outcome filing to understand the proposed additions to the company's object clause and potential business diversification.

Q1 Net Loss at Rs 0.44 Cr; Auditor Raises Qualifications on Rs 43.2 Cr Inventory & Advances

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 21 Aug 2026, 07:19 PM

Laxmi Cotspin reported Q1 (ended June 30, 2026) consolidated revenue from operations of Rs 18.27 cr, plunging 63.9% YoY from Rs 50.59 cr in the corresponding quarter last year. The company posted a net loss of Rs 0.44 cr compared to a net profit of Rs 1.31 cr in Q1 FY26. Statutory auditors issued a heavily qualified review report citing lack of physical verification and valuation records for Rs 43.20 cr in inventory, unverified advances of Rs 7.31 cr to a subsidiary without statutory approvals, and Rs 20.28 cr in supplier advances with exposure to a financially stressed creditor.

Revenue from operations dropped 63.9% YoY to Rs 18.27 cr for the quarter ended June 30, 2026 compared to Rs 50.59 cr in Q1 FY26.
Consolidated net loss stood at Rs 0.44 cr versus a net profit of Rs 1.31 cr in Q1 FY26.
Auditors issued a qualified conclusion on Rs 43.20 cr in inventory due to absence of documented physical verification and valuation papers.
Audit qualification highlighted Rs 20.28 cr supplier advances, which include significant exposure to a financially stressed creditor without expected credit loss evaluation.
Advance of Rs 7.31 cr to subsidiary Laxmi Spintex lacked evidence of Board approvals and compliance with Companies Act Sections 185, 186, and 188.

💡 Watch for company management clarification and remediation of auditor qualifications regarding inventory valuation, advances recoverability, and statutory approvals in future filings.

Laxmi Cotspin Q1 FY27: Auditors Raise Red Flags on ₹43.20 Cr Inventory and ₹20.28 Cr Advances

🔴 NEGATIVE ⭐ 9/10

BOARD_MEETING 📅 11 Aug 2026, 06:51 PM

Laxmi Cotspin's Q1 FY27 board meeting outcome is dominated by severe auditor qualifications regarding the lack of physical verification for ₹43.20 Cr in inventory. Furthermore, the auditors highlighted ₹20.28 Cr in advances to a financially stressed creditor and ₹7.31 Cr to a subsidiary without proper documentation or approvals. These unverified assets and advances are highly material, collectively exceeding the company's total market capitalization of ₹25 Cr. Additionally, the NSE has levied a fine of ₹1.47 lakh for previous reporting delays, indicating ongoing compliance struggles.

Statutory auditors issued a qualified conclusion as they could not verify ₹43.20 Cr of inventory as of June 30, 2026
Company has advanced ₹20.28 Cr to a creditor facing financial stress with no assessment of expected credit loss
NSE levied a fine of ₹1,47,500 for a 25-day delay in filing the March 2026 quarter results
Unverified advances of ₹7.31 Cr were made to a subsidiary without evidence of board approval or clear recovery terms
A ₹2.17 Cr land sale to a subsidiary from FY25 remains legally incomplete with uncertain risk-reward transfer

💡 Investors should exercise extreme caution and monitor if the company provides documented physical verification of inventory in the next quarter. The recoverability of the ₹20.28 Cr advance to a stressed creditor is a critical risk factor that could lead to significant write-offs.

Laxmi Cotspin Q1 Results: Auditor Issues Qualified Opinion on Rs 43 Cr Inventory & Rs 20 Cr Advances

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 11 Aug 2026, 06:48 PM

Laxmi Cotspin's Q1 FY27 results are overshadowed by a severe 'Qualified Conclusion' from statutory auditors regarding major balance sheet items. Auditors were unable to verify the quantity or valuation of Rs 43.20 Cr in inventory and raised concerns over the recoverability of Rs 20.28 Cr in advances to a financially stressed creditor. Furthermore, the NSE has levied a fine of Rs 1.47 lakh for delayed compliance in the previous quarter. The company also reported unauthorized advances of Rs 7.31 Cr to a subsidiary, indicating significant internal control lapses.

Auditors qualified Rs 43.20 Cr of inventory (approx. 70% of Net Worth) due to lack of physical verification and valuation records
Uncertainty over recoverability of Rs 20.28 Cr advance to a stressed creditor, representing ~13.4% of TTM revenue
NSE levied a fine of Rs 1,47,500 for delayed compliance with Regulation 33 for the March 2026 quarter
Rs 7.31 Cr advance to a wholly-owned subsidiary was extended without required Board or Committee approvals
Legal title for a Rs 2.17 Cr land sale to a subsidiary remains incomplete since FY 2024-25

💡 Investors should closely monitor the next quarterly filing to see if management provides the necessary documentation to clear these audit qualifications. The high level of advances to a stressed creditor relative to the Rs 25 Cr market cap is a significant red flag regarding capital allocation and asset quality.

Laxmi Cotspin Appoints New Statutory Auditors and Director via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 17 Jul 2026, 05:06 PM

Laxmi Cotspin Limited has announced the results of its postal ballot, where shareholders approved two key resolutions. First, Ms. Singh Mundada and Associates were appointed as Statutory Auditors to fill a casual vacancy caused by the resignation of the previous auditors. Second, Mrs. Sharda Ghansham Sikchi was regularized as a Non-Executive Women Director. Both resolutions passed with over 99.7% of the votes in favor, ensuring the company maintains its regulatory compliance and board structure amidst recent financial losses.

Appointment of Ms. Singh Mundada and Associates as Statutory Auditors approved with 99.79% majority
Regularization of Mrs. Sharda Ghansham Sikchi as Non-Executive Women Director approved with 99.79% majority
Total of 2,933,511 votes polled for the director regularization resolution
Company had 7,890 shareholders as of the cut-off date on June 10, 2026
Voting period spanned 30 days from June 17, 2026, to July 16, 2026

💡 Investors should monitor the upcoming financial statements for any changes in reporting quality or comments from the new auditors regarding the company's internal control deficiencies and inventory records.

Rs (1.10) Corrected FY26 EPS: Laxmi Cotspin Reports Severe Auditor Qualifications

🔴 NEGATIVE ⭐ 7/10

REGULATORY 📅 13 Jul 2026, 02:42 PM

Laxmi Cotspin clarified a clerical error in its FY26 EPS, correcting it from Rs (1.16) to Rs (1.10). However, the accompanying auditor's report contains five major qualifications, including a lack of proper inventory records and unquantified risks regarding advances to stressed creditors. The company also failed to provide for Expected Credit Losses (ECL) on receivables older than three years. These issues create significant uncertainty regarding the accuracy of the reported TTM net loss of Rs 1 Cr.

Corrected FY26 EPS to Rs (1.10) from the previously misreported Rs (1.16) due to a typographical error
Auditor unable to verify inventory valuation as of March 31, 2026, due to a lack of proper records and supporting documentation
Significant advance given to a creditor facing financial stress with no impairment provision recognized under Ind AS 109
No Expected Credit Loss (ECL) provision made for trade receivables outstanding for more than 3 years
Unapproved loan provided to subsidiary Laxmi Spintex without following statutory requirements under the Companies Act, 2013

💡 Investors should exercise extreme caution as the auditor's 'Qualified Opinion' suggests the financial statements may not fully reflect the company's actual losses or asset values. Watch for management's plan to rectify internal control deficiencies and the recoverability of advances to stressed entities.

Laxmi Cotspin Submits Q1 FY27 Compliance Certificate under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 05:19 PM

Laxmi Cotspin Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all securities received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. Financially, the company remains in a challenging position with a TTM net loss of Rs 1 Cr and a debt-to-equity ratio of 0.70.

Confirmation of compliance for the quarter ended 30th June 2026.
Securities received for dematerialization were processed and listed on stock exchanges within prescribed timelines.
Registrar MUFG Intime India Private Limited (formerly Link Intime) issued the confirmation.
Company reported a TTM revenue of Rs 151 Cr with a negative OPM of 0.5%.

💡 This is a routine procedural filing. Investors should focus on the company's upcoming quarterly results to see if the 'asset rationalization' strategy is improving the net profit, which was negative Rs 1.44 Cr in the most recent quarter.

Laxmi Cotspin Clarifies FY26 Results; Auditors Raise 5 Major Qualifications on Inventory and Loans

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 07 Jul 2026, 02:24 PM

Laxmi Cotspin has responded to NSE queries regarding its FY26 financial results, correcting an XBRL filing error where EPS was mistakenly reported as Rs (1.16) instead of the correct Rs (1.10). More critically, the company submitted a 'Statement of Impact of Audit Qualifications' detailing five major areas of concern raised by auditors. These include a lack of proper inventory records, unauthorized loans to a subsidiary without board approval, and unrecoverable advances to a financially stressed creditor. The auditors also highlighted that a land sale to a subsidiary remains legally incomplete and no provisions have been made for trade receivables older than three years.

Corrected FY26 Consolidated EPS to Rs (1.10) from the incorrectly filed XBRL figure of Rs (1.16)
Auditors unable to verify inventory quantity or valuation as of March 31, 2026, due to lack of records
Unauthorized loan provided to subsidiary Laxmi Spintex Private Limited without required Board approval
Significant advance to a creditor remains unprovided for despite indicators of financial stress in connected entities
No Expected Credit Loss (ECL) provision recognized for trade receivables outstanding for over 3 years

💡 Investors should closely monitor the company's next quarterly results for any write-downs related to inventory or stressed advances. The lack of internal controls and unauthorized related-party loans are significant governance red flags.

Laxmi Cotspin Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 04:19 PM

Laxmi Cotspin Limited has informed the exchange that its trading window will be closed starting July 1, 2026, in compliance with SEBI Prohibition of Insider Trading Regulations. This closure is in anticipation of the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons, including directors and promoters, until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure effective from July 1, 2026
Closure relates to financial results for the quarter ended June 30, 2026
Restriction applies to all Directors, KMPs, and designated employees
Window to reopen 48 hours after the declaration of financial results

💡 This is a routine regulatory announcement with no direct impact on stock valuation; investors should monitor for the upcoming quarterly earnings date.

Laxmi Cotspin Seeks Shareholder Approval for New Statutory Auditor and Director Appointment

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 16 Jun 2026, 05:27 PM

Laxmi Cotspin Limited has issued a postal ballot notice to seek shareholder approval for two key resolutions. The company is proposing the appointment of M/s. Singh Mundada & Associates as Statutory Auditors to fill a casual vacancy following the resignation of M/s. DMKH & Co. Additionally, shareholders are asked to approve the regularisation of Mrs. Sharda Ghansham Sikchi as a Non-Executive Woman Director. The e-voting period is set to run from June 17, 2026, to July 16, 2026.

Proposed appointment of M/s. Singh Mundada & Associates (FRN: 122059W) as new Statutory Auditors.
Filling of casual vacancy caused by the resignation of existing auditors M/s. DMKH & Co.
Regularisation of Mrs. Sharda Ghansham Sikchi (DIN: 11683795) as Non-Executive Woman Director.
E-voting period scheduled from June 17, 2026, to July 16, 2026, with results on July 17, 2026.
Cut-off date for determining shareholder voting eligibility is June 05, 2026.

💡 Investors should participate in the e-voting process to exercise their rights and monitor any further disclosures regarding the reasons for the previous auditor's resignation.

View All LAXMICOT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company identifies 'Cotton' as its only business segment. For the half-year ended September 30, 2025, consolidated total income was INR 153.71 Cr (15,370.79 lakhs). Standalone revenue from operations for the same period was INR 153.71 Cr.

Geographic Revenue Split

Not explicitly disclosed in percentages, but the company is based in Jalna, Maharashtra, and holds a 'Govt. Recognized Star Export House' status, indicating a mix of domestic and international revenue.

Profitability Margins

The company reported a consolidated net loss of INR 3.77 Cr (377.14 lakhs) for the half-year ended September 30, 2025, resulting in a negative net profit margin of -2.45%.

EBITDA Margin

Not explicitly disclosed as a percentage; however, the company reported a standalone loss before tax of INR 3.77 Cr for the half-year ended September 30, 2025.

Capital Expenditure

The company undertook a partial sale of plant and machinery during the reporting period as part of an asset rationalization and modernization initiative. Specific INR Cr values for new planned CAPEX were not disclosed.

⚙️ Operational Drivers

Raw Materials

Cotton is the primary raw material, representing 100% of the company's business segment focus.

Import Sources

Not explicitly disclosed, though the company operates in Jalna, Maharashtra, a major cotton-producing region in India.

Key Suppliers

Not specifically named, but the company has a 'significant advance' outstanding to a creditor whose connected entities are showing signs of financial stress.

Capacity Expansion

Current installed capacity is not disclosed in MT/units. The company is currently rationalizing its existing capacity through the sale of older plant and machinery to modernize operations.

Raw Material Costs

Raw material costs are a major expense driver. Management cited cotton price fluctuations as a primary business weakness, though specific YoY cost change percentages were not provided.

Manufacturing Efficiency

The company is pursuing modernization through asset rationalization to improve long-term manufacturing efficiency.

📈 Strategic Growth

Growth Strategy

The company is focusing on asset rationalization and modernization of its plant and machinery to improve operational viability. It also leverages its Star Export House status to maintain market presence in the textile sector.

Products & Services

Cotton yarn and processed cotton textiles.

Brand Portfolio

Laxmi Cotspin.

Strategic Alliances

Wholly owned subsidiaries include Laxmi Spintex Private Limited and Laxmi Surgical Healthcare Private Limited.

🌍 External Factors

Industry Trends

The textile industry is currently seeing a shift toward modernization and asset rationalization to combat rising input costs and global competition.

Competitive Landscape

The company faces competition in the cotton spinning and textile sector from both domestic and international players.

Competitive Moat

The company's moat includes its 'Star Export House' status and a management team with over 10 years of experience in the Jalna textile hub. Sustainability is currently challenged by internal control deficiencies.

Macro Economic Sensitivity

High sensitivity to cotton commodity price cycles and currency exchange rate fluctuations.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013 and SEBI Listing Regulations 2015. Auditors noted non-compliance regarding unauthorized loans to a subsidiary.

Legal Contingencies

The company reported 'Litigation settlements paid' as an extra-ordinary item in its H1 FY26 profit and loss statement, though the specific case values were not detailed.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the accuracy of financial reporting due to the lack of inventory records and the potential non-recoverability of significant advances given to a financially stressed creditor.