Padam Cotton Yarns Ltd — Others, 03-05-2025: AGM/EGM

Padam Cotton Yarns Limited has announced a board meeting on May 7, 2025, for shareholders to approve key resolutions through postal ballot via remote e-voting. The company plans to split each existing equity share of ₹10 into 10 shares of ₹1 each to boost liquidity and attract small investors, with consequent modification to the Memorandum of Association’s capital clause. The board seeks approval for appointing Mr. Dinesh Shivcharanbhai Shreevastav as Whole-Time Director for three years, responsible for corporate planning and management, with remuneration up to ₹1 lakh per month. Additionally, Mrs. Kinjal Shah is proposed as an Independent Director for five years, bringing HR expertise and governance experience. Voting will be conducted electronically with results declared post scrutiny.