Padam Cotton Yarns Approves Rights Issue Up To ₹27 Cr

Padam Cotton Yarns Ltd announced that its Board of Directors, in a meeting held on September 10, 2026, approved a Rights Issue to raise funds up to ₹27 crore. The funds will be raised through the issuance and allotment of equity shares of face value Re. 1 each to eligible shareholders. The terms of the issue will be decided by the Board or a committee at a later date. 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 meeting concluded within a short timeframe.