Board Meeting7 Sept 2026, 12:11 pm
Padam Cotton Yarns to Increase Authorized Capital to ₹49 Cr
AI Summary
Padam Cotton Yarns Limited's Board of Directors approved a significant increase in the company's authorized capital from ₹22 Crores to ₹49 Crores. This move is intended to facilitate future fundraising through equity issuance. The board also approved the appointment of M/s. Piyush Kothari & Associates as the new Statutory Auditors for a four-year term, filling a vacancy. Additionally, the company announced the date for its 32nd Annual General Meeting (AGM) on September 30, 2026, along with details for e-voting.
Key Highlights
- Authorized capital to increase from ₹22 Cr to ₹49 Cr.
- Increase aims to facilitate future equity-based fundraising.
- New statutory auditors appointed for a four-year term.
- 32nd Annual General Meeting scheduled for September 30, 2026.
- E-voting period announced for shareholders.
Price Impact
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