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Awaiting price reaction for this filing.
Padam Cotton Yarns Ltd's board, at a meeting held on September 5, 2025, approved the appointment of M/s. SVJK & Associates, Chartered Accountants (Ahmedabad, FRN 135182W) as the new Statutory Auditors for a first term of four consecutive years, covering FY 2026-27 to FY 2029-30. The appointment is subject to shareholder approval at the upcoming 31st Annual General Meeting on September 11, 2025. SVJK & Associates, established in 2012, has nearly a decade of experience in auditing, taxation, corporate laws, and related services, and is peer-reviewed by ICAI. The board also cleared AGM-related items, including the e-voting window (September 27-29, 2025) and appointment of a scrutinizer for the voting process.
This is a routine auditor appointment with no immediate financial impact on shareholders. Investors will get a chance to vote on the appointment at the AGM, but the announcement itself is procedural and unlikely to move the stock price.