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Established in 2013 Axita Cotton (ACL, TheCompany) is a manufacturer and exporter ofinternational quality Cotton Bales & Cotton Yarn.
Axita Cotton filed an Expression of Interest to acquire Varidhi Cotspin, a cotton yarn manufacturer, via the insolvency process. This strategic move aims to expand Axita's operations, complement its business, and strengthen its cotton value chain presence.
Axita Cotton's consolidated revenue for the quarter reached ₹156.70 Cr, a slight increase year-over-year and a solid rebound from ₹139.86 Cr last quarter. Net profit after tax stood at ₹1.33 Cr, a positive shift from the previous quarter's loss of ₹1.85 Cr, though down from ₹3.43 Cr year-over-year. A key...
Axita Cotton (#AXITA) has received approval to reclassify certain shareholders from its 'Promoter Group' to the 'Public' category. This is a standard corporate adjustment. Impact: This reclassification leads to a minimal shift in shareholding, with the Promoter holding now at 41.92% (previously 41.93%) and Public holding at 58.08% (previously 58.07%)....
Axita Cotton has announced a board meeting to appoint Ms. Reena K. Patadiya of M/s. Reena Patadiya & Co. as the Cost Auditor for FY 2025-26. The firm brings extensive experience in cost audit, compliance, internal controls, taxation, and consultancy services, aligning well with the company’s diverse business needs. This...
Axita Cotton Limited has announced a board meeting and approved the appointment of M/s. R J and Associates, Cost Accountants, as the Internal Auditor for FY 2025-26. The firm, with expertise across diverse industries including cement, petroleum, and pharmaceuticals, has served as internal auditors since 2023. Their engagement aims to...