Padam Cotton Yarns Ltd — Important, 27-07-2026: Company Update

Padam Cotton Yarns Limited's Board has accepted the resignation of its statutory auditors, M/s. SVJK & Associates. The auditors cited that current fees were insufficient for the increasing scope and complexity of the company's operations. Following the Audit Committee's input and subject to shareholder approval, the Board has appointed M/s. Piyush Kothari & Associates as the new statutory auditors to fill the casual vacancy for the financial year 2026-27. This ensures continued financial oversight for investors.