Appointment of Mr. DInesh Shivcharanbhai Shreevastav as Additional Director cum Whole-Time Director of the Company w.e.f. 1st April, 2025.
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Padam Cotton Yarns Ltd has appointed Mr. Dinesh Shivcharanbhai Shreevastav (DIN: 11030609) as Additional Director in the category of Whole-Time Director, effective April 1, 2025, for a three-year term ending March 31, 2028. The appointment was approved by the Board on April 1, 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the next general meeting. Mr. Shreevastav holds a PG Diploma in Business Management, a PG Diploma in Business Accounting from Australia, and a B.E. in Mechanical Engineering. He is not related to any existing director, holds NIL equity shares in the company, and is not debarred by SEBI from holding the position.
This is a routine board-level executive appointment that strengthens the company's leadership team with an externally hired professional. It is unlikely to have an immediate material impact on the stock price, though investors may await shareholder confirmation at the upcoming general meeting.