Padam Cotton Yarns Ltd — Important, 30-05-2026: Company Update

Padam Cotton Yarns Limited's Annual Secretarial Compliance Report for the financial year ended March 31, 2026, revealed two main non-compliances. The company incurred a fine of Rs. 18,880 (including GST) for a delay in appointing its Company Secretary, which has since been rectified. Furthermore, a Rs. 49,560 (inclusive of GST) fine was imposed due to an error in reporting the composition of its Audit and Nomination & Remuneration Committees. While the company stated this was a clerical mistake and sought a waiver, it was rejected. The report confirmed compliance in most other areas like Secretarial Standards, website disclosures, and insider trading rules.