Ambika Cotton Mills Board Recommends K Murali Mohan for Independent Director Appointment
Ambika Cotton Mills Limited announced on August 8, 2026, that its Board of Directors recommended the appointment of Sri K Murali Mohan as an Independent Director. The appointment is slated for shareholder approval via a Special Resolution at the ensuing Annual General Meeting.Sri K Murali Mohan, holding DIN: 00626361, has extensive experience in finance and industry. He is described as a qualified Electrical Engineer from PSG college of Technology and a Chartered Accountant. His professional background includes over 50 years as a Statutory Auditor in both listed and unlisted companies. Additionally, he possesses expertise in Company law, FEMA, drafting legal documents, Direct & Indirect tax representation, and related matters.
The company confirmed that Sri K Murali Mohan is not related to any of the existing Directors, does not hold shares in Ambika Cotton Mills Limited, and is not debarred from holding office by any regulatory authority.
Prior appointments and committee memberships held by Mr. Mohan include:
| Role | Company Name |
|---|---|
| Director | The Lakshmi Mills Company Ltd |
| Director | The Bhavani Tea & Produce Co. Ltd |
| Director | Be Be Rubber Estates Ltd |
| Director | Veejay Terry Products Ltd |
| Audit Committee Member | The Lakshmi Mills Company Limited |
AMBIKCO Stock Price Movement
On Friday, shares of Ambika Cotton Mills Limited climbed 3.93%, settling at ₹1904.3 as the close for the day. The equity rallied strongly and touched a high of ₹1931 during trading, marking a significant move toward its 52-week peak.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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