Padam Cotton Yarns Ltd

Board decisions & results

• Board approved unaudited standalone Q1 FY27 results for quarter ended June 30, 2026.
• Approved rights issue of fully-paid equity shares; terms to be decided at a separate board meeting.
• Appointed Mr. Dharmesh Mithabhai Patel as Additional Director (Non-Executive Independent) for 5 years from Aug 14, 2026.
• Appointment subject to shareholders' approval.
• Resignation of Anand Manoharlal Kothari as Independent Director effective Aug 14, 2026.
• Reconstituted Audit, Nomination & Remuneration, and Stakeholders Relationship Committees with listed members.
• Meeting commenced at 06:00 PM IST and concluded at 06:30 PM IST.

Meeting Details

• Board meeting scheduled for August 14, 2026 at the corporate office of Padam Cotton Yarns Ltd.

Key Agenda Items

• Consider standalone unaudited financial results for the quarter ended June 30, 2026.
• Evaluate fund-raising through issue of equity or other securities via preferential or rights issues.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after August 14, 2026 results.

Auditors

• Resignation of M/s SVJK & Associates as Statutory Auditors effective 27-07-2026.
• Board approved appointment of M/s Piyush Kothari & Associates as Statutory Auditors to fill casual vacancy.
• Effective date of appointment: 27-07-2026.
• Tenure: until the conclusion of the ensuing AGM.
• Profile: Piyush Kothari & Associates is a peer-reviewed partnership firm established in 2015.

Promoter group reclassification

• BSE approved reclassification of promoter/promoter group under Regulation 31A of LODR.
• The entities listed have zero shares and zero ownership, per the filing.
• Approval letters from BSE are enclosed with the filing.
• No financial metrics or shareholding changes are disclosed in this update.
• Update will be available on the company website for disclosure.

Dematerialisation processing and ownership update

• Dematerialisation requests were confirmed to depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical dematerialisation certificates were mutilated and cancelled after verification; depository name substituted as registered owner within 15 days.

Resolutions

• Special: Amend MOA to add new objects: agricultural trading and national/international shows and events.
• Special: Shift registered office from Haryana to Gujarat.
• Special: Create mortgage/charge on assets to secure borrowings up to Rs 100 crore.
• Special: Borrow money up to Rs 100 crore in various instruments; board powers.

Padam Cotton Yarns Ltd: Trading window closed from July 01, 2026 until 48 hours after declaration of unaudited financial results for the quarter ended June 30, 2026