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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.
The Board of Directors of Padam Cotton Yarns Ltd met on September 15, 2025, and evaluated various fundraising options, including a preferential issue and/or rights issue of equity shares. The Company cited the need to strengthen its financial position to meet working capital and long-term funding requirements. No concrete decision was taken at this meeting — the Board resolved to hold a separate meeting on September 24, 2025, to consider and approve the actual issuance, subject to regulatory approvals.
For now, there is no direct impact on shareholders as no fundraising has been formally approved yet. Investors should watch the next board meeting on September 24, 2025, where terms (issue size, price, dilution) are likely to be finalised — if approved, existing shareholders may face dilution depending on whether a rights issue or preferential issue route is chosen.