Padam Cotton Yarns Declares Q1 FY27 Unaudited Results, Approves Rights Issue

Padam Cotton Yarns Ltd announced the outcome of its Board of Directors meeting held on August 14, 2026. The board approved the unaudited standalone financial results for the first quarter ended June 30, 2026. Additionally, the company decided to raise funds through a Rights Issue of fully-paid equity shares. The board also approved the appointment of Mr. Dharmesh Mithabhai Patel as an Additional Director (Non-Executive- Independent) and accepted the resignation of Mr. Anand Manoharlal Kothari as a Director. Reconstitution of the Audit Committee and other board committees was also approved.