Ambika Cotton Mills Declares ₹37 Dividend; AGM Scheduled on September 27

Coimbatore, August 28, 2025 – Ambika Cotton Mills Limited has announced the final dividend of ₹37 per share (on Face Value of ₹10 each). The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM), scheduled for 27th September 2025. The record date is fixed at September 20th, and the book closure will be from September 21st to 27th.

Ambika Cotton Mills Limited, incorporated in 1988 and headquartered in Coimbatore, is engaged in manufacturing premium-quality cotton yarn and knitted fabrics. The company is listed on both the NSE and BSE, although it has proposed voluntary delisting from the BSE while continuing to be listed on the NSE.

Stock Performance

On Thursday, the stock moved primarily sideways and closed at ₹1382.90 (0.33% lower than the previous day’s close). The high-low range remained between ₹ 1,413.90 and ₹ 1,363.10. Following today’s decline, the stock has dropped by 13% over the past month.

Dividend History (Past 5 Years)

The 370% dividend on face value aligns with the company’s consistent dividend payouts over the past five years. Before 2025, the company has paid a fixed dividend of ₹35 each (on FV of ₹10 each), reflecting stable shareholder returns over the past five years.

Key Upcoming AGM Agenda

The AGM agenda for FY25 includes the adoption of audited financial statements, approval of a final dividend of ₹37 per share, and the reappointment of Mrs. Bhavya Chandran as Director. Special business covers the continuation of Dr. K. Venkatachalam’s office beyond 75 years, appointment of a Secretarial Auditor for FY26–FY30, amendments to the Articles of Association, and voluntary delisting from BSE while staying listed on NSE.

REF: https://nsearchives.nseindia.com/corporate/AMBIKCO_28082025133803_OCRRBLETTER.pdf

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