The Board has considered and approved to raise funds through Rights issue
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The Board of Directors of Padam Cotton Yarns Ltd, at its meeting on October 9, 2025, approved raising funds through a Rights Issue of equity shares having a face value of Re. 1 each, for an aggregate amount of up to Rs. 32.40 crores. The Rights Issue will be offered to eligible existing equity shareholders as on a record date, which will be notified later. The specific terms, including pricing and ratio, will be decided by the Board or a committee at a later date. The issue is subject to regulatory and statutory approvals under Section 62(1)(a) of the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
Existing shareholders will be offered the right to subscribe to additional shares in proportion to their current holdings, with the issue price and ratio yet to be announced. If shareholders do not participate, their stake in the company could get diluted.