Board Meeting Outcome: Rights Issue Up To Rs. 27 Crore Approved, Company Secretary Appointed

Issue and allotment of equity shares of face value Re. 1/- each, up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only), on a rights basis to eligible equity shareholders.

Fri 9 Oct 2026

Rights Issue Size

up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only)

Face Value of Equity Shares

Re. 1/- each

Company Secretary Appointment

Ms. Anshu Kalra as Company Secretary & Compliance Officer, effective from October 06, 2026

Padam Cotton Yarns Ltd's Board of Directors met on Friday, October 09, 2026 and approved two items. The meeting commenced at 05:00 P.M. (IST) and concluded at 05:30 P.M. (IST).

Rights issue of equity shares

The Board considered and approved the issue and allotment of equity shares of face value Re. 1/- each up to an aggregate amount of Rs. 27,00,00,000/- (Rupees Twenty Seven Crore only), on a rights basis.

Terms of the issue as stated

• The shares are to be offered to the eligible equity shareholders of the Company as on the record date, which is to be notified subsequently.
• The issue is on such terms as decided by the Board of Directors or a duly constituted committee of the Board at a later date.
• The issue is subject to receipt of regulatory and statutory approvals.
• It is in accordance with the provisions of Section 62(1)(a) of the Companies Act, 2013 and the rules made thereunder, and applicable laws including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and the SEBI Listing Regulations.
• The Board also approved the Draft Letter of Offer (DLOF) in connection with the issue.
• The Company is in the process of submitting the in-principle application in compliance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the exchange.

What a rights issue means for a shareholder

In a rights issue, existing eligible shareholders are given the right to subscribe to the new shares, generally in line with their existing holding. The entitlement ratio, the issue price and the record date are decided at a later stage, so the actual amount a shareholder may subscribe, and the resulting change in shareholding, depend on those terms once they are set and on how many eligible shareholders exercise their right.

The total amount approved is the maximum aggregate size of the issue as stated, and the share count would follow from the price finally decided for the issue.

Company Secretary and Compliance Officer

• The Board considered and appointed Ms. Anshu Kalra (ICSI Membership No. A81607) as Company Secretary & Compliance Officer of the Company, effective from October 06, 2026.
• The necessary disclosure in this regard, read with Schedule III, was already submitted to the exchange on October 06, 2026.

The Company Secretary and Compliance Officer is the officer who handles secretarial work and the company's compliance and disclosure obligations with the exchanges.

Points a shareholder can track next

• The in-principle application to the exchange for the rights issue.
• The record date to be notified for eligibility.
• The terms of the issue, including the price and the entitlement ratio, once decided by the Board or its committee.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.