Notice of Postal Ballot
Price
▲ 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 Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (open from May 7, 2025 to June 5/6, 2025) on four special business items. The key proposal is a stock split: each equity share of face value Rs. 10 will be sub-divided into 10 equity shares of Re. 1 each, keeping the total share capital unchanged at Rs. 12.91 crore paid-up and Rs. 13 crore authorised. The Memorandum of Association's capital clause will be altered accordingly. Additionally, Mr. Dinesh Shivcharanbhai Shreevastav (DIN: 11030609) is being appointed as Whole-Time Director for 3 years (April 1, 2025 to March 31, 2028) with remuneration up to Rs. 1,00,000 per month, and Mrs. Kinjal Shah (DIN: 11031676) is being appointed as Independent Director for 5 years (April 11, 2025 to April 10, 2030).
The stock split makes shares more affordable and improves liquidity for retail investors, but does not change the company's total value. The director appointments strengthen the board; shareholders should review remuneration terms and vote during the e-voting window. E-voting concludes on June 5, 2025 and results will be declared by June 7, 2025.