The Board of Directors have considered and approved final dividend of Re. 1/- per share (i.e. 10% each for the F.Y. 2024-25, subject to the shareholders at the ensuing Annual General Meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 1.7 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' Board, at its April 11, 2025 meeting, approved audited FY25 results showing a sharp jump in profitability — total income rose to about ₹2,828 lakhs from ₹1,607 lakhs in FY24, while net profit surged to roughly ₹1,060 lakhs (about ₹165 lakhs in FY24), translating to an EPS of ₹21.51. The Board declared a final dividend of Re. 1 per share (10% on face value of ₹10) for FY25, subject to shareholder approval. Mr. Dinesh Shivcharanbhai Shreevastav, already a Whole-Time Director, was additionally appointed as Chief Financial Officer (KMP), and Mrs. Kinjal Shah was appointed as an Additional Non-Executive Independent Director (5-year term, subject to shareholder approval). Independent Director Ms. Nikita Karia resigned citing other professional engagements. The Board also approved reclassification of 8 promoter group entities (holding 0 shares) from 'Promoter' to 'Public' category, and reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The statutory auditor issued an unqualified/unmodified opinion on the FY25 results.
Strong FY25 earnings — roughly a 6x jump in net profit and over 75% revenue growth — along with a 10% dividend are clearly positive for shareholders. The simultaneous appointment of a new CFO and Independent Director, plus the exit of one Independent Director and promoter-group reclassification, signal active board refreshment and governance housekeeping rather than any distress.