Business Update30 May 2026, 07:31 pm
Padam Cotton Yarns: Office Change & Object Alteration Approved
AI Summary
Padam Cotton Yarns Ltd's board approved the change of registered office from Haryana to Gujarat, subject to approvals. They also approved altering the object clause by adding new clauses to the Memorandum of Association, pending shareholder approval via postal ballot. The board did not recommend a dividend for FY26 to conserve resources. Additionally, the resignation of the Company Secretary & Compliance Officer, Mrs. Vidisha Rathod, was noted.
Key Highlights
- Registered office shifting from Haryana to Gujarat approved, subject to approvals.
- Alteration of object clause approved, pending shareholder approval via postal ballot.
- No dividend recommended for FY26 to preserve financial resources.
- Resignation of Company Secretary & Compliance Officer noted.
- Audited standalone financial results for FY26 approved.
Price Impact
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