Padam Cotton Yarns: Monitoring Agency Report Shows 15.23% Deviation

Padam Cotton Yarns Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by Infomerics Valuation and Rating Limited, indicates a deviation of 15.23% (₹2.85 crore) in the utilization of funds raised through a Rights Issue of ₹18.71 crore. The deviations include ₹0.37 crore related to issue expenses paid to Ved Shastra Astro and ₹2.48 crore deployed as loans and advances to Ved Shastra Astro and DSP Technical and Financial Services, which the Monitoring Agency could not independently verify. The company stated that issue-related expenses were reimbursed, and funds were deployed for general corporate purposes, but the nature and purpose of advances to third parties were not specified in the offer document.