Re-constitution of committees of board w.e.f. 11.04.2025.
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Padam Cotton Yarns has reconstituted three key board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee — effective April 11, 2025. The Audit Committee will now be chaired by Mrs. Kinjal Shah (Independent Director), with Mr. Anand Kothari and Mr. Dinesh Shreevastav as members. The Nomination and Remuneration Committee and Stakeholders Relationship Committee will be chaired by Mr. Ashutosh Alaru (Independent Director). The reconstitution was approved at the board meeting held on April 11, 2025, and disclosed under SEBI Listing Regulations. No new appointments or resignations at director level have been mentioned.
This is a routine governance reshuffle with no change in board composition, so it is unlikely to materially affect shareholders or the stock price. It simply rebalances responsibilities among existing directors across the three mandatory committees.