Padam Cotton Yarns Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2025 ,inter alia, to consider and approve to consider and approve: 1. ....
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Padam Cotton Yarns Ltd has informed BSE about a Board Meeting scheduled for April 23, 2025 at its registered office in Karnal. The key item on the agenda is to consider and approve a proposal for sub-division or split of the company's equity shares, subject to shareholder and regulatory approvals under Section 61 of the Companies Act, 2013. The meeting may also discuss any other matters with board permission. The split ratio has not yet been disclosed and will be determined by the Board.
If approved, a stock split would increase the number of outstanding shares and reduce the per-share price, making the stock more affordable for retail investors and potentially improving liquidity. The actual ratio and record date will be announced after the board meeting, which could drive short-term interest in the stock.