Outcome of Board meeting held on July 11, 2025
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Padam Cotton Yarns' Board, meeting on July 11, 2025, approved increasing the Authorised Share Capital from Rs. 13 Crore to Rs. 22 Crore to facilitate future fundraising. The Board also decided to raise up to Rs. 20 Crore through equity shares, warrants, or other eligible securities, via preferential issue, rights issue, or other permissible modes, subject to shareholder approval. Additionally, the Board 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 proposed fund raise of up to Rs. 20 Crore signals potential dilution for existing shareholders, though it could strengthen the company's balance sheet for growth. The office shift and capital expansion are routine corporate actions pending shareholder approval at the EGM.