Padam Cotton Yarns Ltd

Regulation 74(5) certificate status

• Dematerialisation requests for Sep 2026 quarter processed; accepted/rejected by RTA.
• Securities dematerialised listed on the stock exchanges where existing securities are listed.
• Physical certificates received for dematerialisation mutilated and cancelled; depository updated as registered owner within 15 days.

CIN change

• Old CIN L17112HR1994PLC033641 replaced with L59110HR1994PLC033641 per MOA amendment and ROC approval.
• MCA portal updated; company updating internal records and stationery across records.

Corporate office address update

• Board approved establishing the Corporate Office at the Ahmedabad address.
• Corporate Office established at 118, Sun Gravitas, 1st Floor, Near Shyamal Bridge, Radio Mirchi Road, Satellite, Ahmedabad 380015.
• Books of Accounts will be kept at the corporate office.

Rights issue details

• Equity shares of Re 1 face value to be issued on rights basis.
• Aggregate amount up to Rs 27,00,00,000.
• Issuance to eligible shareholders as on record date.
• Record date to be notified subsequently.
• Pricing not disclosed; terms to be decided later.
• Subject to regulatory/statutory approvals under applicable laws.
• Purpose: fund-raising via rights issue.
• Approvals required/obtained: board approval; regulatory approvals to be obtained.

Financial snapshot

• Revenue from operations: ₹7,338.61 Lakhs in FY2025-26.
• Total income: ₹7,480.00 Lakhs in FY2025-26.
• Profit after tax: ₹1,093.46 Lakhs in FY2025-26.
• EPS (Basic): ₹0.08 in FY2025-26.
• Net profit margin: 14.90% in FY2025-26.
• Current ratio: 1.85.
• Debt-equity ratio: 0.00.

Capital actions

• Authorized capital increased to ₹22 Crore.
• Share subdivision: ₹10 to ₹1; effective 27 Jun 2025.
• Rights issue: 9,03,70,000 shares at ₹2.07; allotment 16 Mar 2026.
• Paid-up capital after rights: ₹21.947 Crore.
• Promoter reclassification to Public approved by BSE on 16-Jul-2026.
• Registered office moved to Gujarat; postal ballot approved Aug 1, 2026.

Dividends

• Final dividend for FY2024-25: ₹1.00 per share.
• No dividend proposed for FY2025-26.

Governance & board

• Independent Director Dharmesh Mithabhai Patel appointed 14 Aug 2026; 5-year term.
• Auditors: M/s Piyush Kothari & Associates appointed for 2027-31.
• SVJK & Associates resigned; new appointment proposed.
• Board size four; WTD, non-exec, two independents.
• Audit committee: 10 meetings; chair Kinjal Shah.

CSR & ESG

• CSR expenditure ₹5.55 Lakhs; obligation ₹6.40 Lakhs.
• CSR activity: environmental conservation via Jay Harihar Krupa Foundation.
• CSR policy published on the company website.

Internal controls & risk

• Internal Financial Controls adequate; no material weaknesses.
• Secretarial audit: non-appointment of CS; ₹18,880 fine paid.
• No whistle-blower complaints; vigil mechanism in place.
• No formal risk management policy; board monitors risks.

Auditors & compliance

• Statutory Auditors SVJK resigned; Piyush Kothari appointed; 5-year term.
• Internal Auditor: Saifuddin Lokhandwala & Co.; reports quarterly.
• Secretarial Auditor: Ashish Goyal; five-year term; Annexure A; no adverse remarks.

AGM Details

• Date, time and venue: 30 September 2026, 12:00 PM, registered office Karnal, Haryana (physical AGM).
• Cut-off date for voting: 23 September 2026.
• Remote e-voting window: 27 September 2026 09:00 to 29 September 2026 17:00.
• Mode: Physical meeting with remote e-voting facility.

Key Resolutions

• Ordinary: Adopt Standalone financial statements for the year ended March 31, 2026.
• Ordinary: Appoint M/S Piyush Kothari & Associates as Statutory Auditors to fill casual vacancy.
• Ordinary: Appoint M/S Piyush Kothari & Associates as Statutory Auditors for four years.
• Special: Increase Authorized Share Capital to Rs 49 crore and amend MOA.
• Special: Appoint Dharmesh Mithabhai Patel as Independent Director for five years.

Auditor Appointments

• Filling casual vacancy: Appoint M/S Piyush Kothari & Associates until next AGM.
• Tenure: Statutory Auditor for four years from this AGM to 2031.
• Remuneration: Board to fix remuneration plus expenses; non-audit fees as approved.

Directors & Changes

• Appoint Independent Director for five-year term starting 14 Aug 2026.
• Not liable to retire by rotation.

Capital & MOA

• Increase in Authorized Capital and amendment of Memorandum of Association.

Board Discretion & Approvals

• Board authorized to file forms and take actions to implement resolutions.

Capital & MOA Amendments

• Authorized capital increased from Rs 22 Cr to Rs 49 Cr; MOA Clause V amended, subject to approvals.
• Increase to enable future equity fundraising.

Auditors

• Appointed M/s Piyush Kothari & Associates as Statutory Auditors for four years, effective 27-07-2026, subject to approval.
• Fills casual vacancy due to resignation of SVJK & Associates.

AGM Scheduling

• 32nd AGM slated for 30 September 2026 at 12:00 PM in Karnal.
• Notice and Directors' Report for 32nd AGM approved.

E-voting & Scrutiny

• E-voting window: 27 Sep 2026 09:00 to 29 Sep 2026 17:00; cut-off 23 Sep 2026.
• Scrutinizer appointed: Ashish Goyal, Company Secretary in Whole-time Practice.

Meeting Details

• Board meeting on 10 September 2026 at the Company's Corporate Office.

Key Agenda Items

• Consider and approve proposal to raise funds via Rights Issue of equity shares.
• Finalize the amount to be raised and related terms, subject to regulatory approvals.

Other Notes

• Trading window closed from 3 September 2026 for 48 hours after results declaration.

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.