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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Padam Cotton Yarns' board met on July 11, 2025 and approved increasing the authorised share capital from Rs. 13 crore to Rs. 22 crore to enable future fund raising. The company plans to raise up to Rs. 20 crore through equity shares, warrants, or convertible securities via preferential issue, rights issue, or other permitted modes. The board also approved shifting the registered office from Haryana to Gujarat. An Extraordinary General Meeting (EGM) has been scheduled for August 8, 2025 to seek shareholder approval for these proposals. The fund raising amount is significant relative to the company's current authorised capital and signals a planned expansion or capital infusion.
Shareholders will see potential dilution as the company prepares to raise up to Rs. 20 crore through new equity issuance; the EGM on August 8 will be a key event to watch for terms and pricing details.