Ambika Cotton Mills Limited Reappoints P V Chandran as Managing Director for Five Years
The Board of Directors of Ambika Cotton Mills Limited has reappointed Sri. P.V. Chandran as the company's Managing Director for a further period of five years. The appointment is effective from April 1, 2027, to March 31, 2032.The re-appointment of Sri. P.V. Chandran was approved at the Board meeting held on August 8, 2026, and remains subject to approval by members through a Special Resolution at the forthcoming Annual General Meeting.
Company Profile and Operational Details
Sri. P.V. Chandran is currently serving as the Managing Director of Ambika Cotton Mills Limited. Born in Calicut in 1949, he moved to Coimbatore after completing his education. In 1970, he established a business in Cotton Yarn Trade, achieving significant success that led him to have Depots for 33 NTC Mills of Maharashtra at one point. Sensing the demand for quality yarn, he founded M/s. Ambika Cotton Mills Limited in 1988 with two friends.The company commenced operations initially utilizing 6000 Spindles and has significantly expanded its capacity to 114,336 Spindles housed across five units. Furthermore, the knitting facility is capable of converting 40,000 kgs of yarn per day into fabrics. The manufacturing activity utilizes renewable energy through 27.4 MW of wind capacity and 8.33 MW of Rooftop Solar power for captive consumption.
Ambika Cotton Mills Limited manufactures and sells specialty cotton yarn catering to premium brand manufacturers. Exports form a significant part of the company's operations, and the entity maintains no long-term debt. The company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Key details regarding the Managing Director and the company are provided below:
| Particulars | Details |
|---|---|
| Appointment Type | Re-appointment for 5 years |
| Tenure Period | April 1, 2027, to March 31, 2032 |
| Company Operations | Cotton yarn manufacturing and sales; Significant exports. |
| Production Capacity | Operates with 114,336 Spindles across five units. |
| Renewable Energy Assets | 27.4 MW Wind capacity and 8.33 MW Rooftop Solar. |
Director Relationships
The company noted the relationships of Sri. P.V. Chandran with other directors. He is the father of Mrs. Vidya Jyothish, a Non-Executive Director (DIN: 05215930), and Mrs. Bhavya Chandran, another Non-Executive Director (DIN: 02080649).AMBIKCO Stock Price Movement
Shares of Ambika Cotton Mills Limited surged on Friday, gaining 3.93% to close at ₹1904.3. The stock achieved a remarkable five-year high during the session, with trading activity totaling 83,658 shares.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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