Padam Cotton Yarns Approves ₹27 Cr Rights Issue

Padam Cotton Yarns Ltd announced that its Board of Directors has approved a Rights Issue to raise up to Rs. 27 crore. The equity shares will be issued at a face value of Re. 1 each to eligible shareholders. Additionally, the company decided to shift its corporate office to a new location in Ahmedabad and will maintain its books of accounts at the new premises. The board meeting was brief, concluding within 15 minutes.