Disclosure of Change of Registered Office and Alteration of Main Object clause by adding the objects
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Padam Cotton Yarns Ltd held a Board meeting on May 30, 2026, approving the annual audited standalone financial results for FY ended March 31, 2026. The statutory auditors issued an unmodified (clean) opinion on the financial statements. The Board decided not to recommend any dividend for FY2026 to conserve financial resources and strengthen liquidity. The company is also proposing to alter its Memorandum of Association by adding two new object clauses covering: (1) trading, importing, and exporting agricultural, agro-based, and food products, and (2) entertainment and media-related activities including shows, films, and programmes. Additionally, the company plans to shift its registered office from Haryana to Gujarat and change its name from "Padam Cotton Yarns Limited" to "Padam Industries Limited" - both subject to shareholder and regulatory approvals. Mrs. Vidisha Rathod resigned as Company Secretary and Compliance Officer effective May 28, 2026.
The diversification into agri-trading and entertainment sectors signals a significant strategic shift beyond the company's core textile business. The name change to "Industries Limited" reflects this broader scope. The no-dividend decision indicates the company is prioritizing cash conservation for growth initiatives and working capital. Shareholders should note these are pending shareholder approvals.