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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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.