Mr. Ritesh Radhesham Mantri, Independent Director has tendered his resignation from Board as Non-Executive Independent Director of Laxmi Cotspin Limited with immediate effect due to involved in other activities and therefore not in position to devote his time and contribution to the Board and the Company. Further the Board of Directors will take the note of resignation of Mr. Ritesh Radhesham Mantri (Independent Director) of the Company in the upcoming Board Meeting.