Padam Cotton Yarns Limited has closed its trading window for dealing in equity shares effective October 1, 2026. This closure remains in force until 48 hours after the declaration of un-audited financial results for the half year ended September 30, 2026.

The restriction applies to all directors, designated employees, connected persons, and their immediate relatives. The company issued this notice to BSE Ltd. in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.

Compliance and timeline

The company stated that designated persons and their immediate relatives have been intimated not to trade in the securities of the company during this period. The closure is standard procedure to prevent insider trading while sensitive financial information is being prepared.

The specific date of the board meeting where the un-audited financial results for the half year ended September 30, 2026, will be considered is yet to be announced. The company noted that this date will be intimated in due course.

Key details

The notice was signed by Dinesh Shreevastav, Whole-Time Director, on October 1, 2026. The company’s registered office is located in Karnal, Haryana, with a corporate office in Ahmedabad, Gujarat.

Padam Cotton Yarns Limited concluded its 32nd Annual General Meeting on September 30, 2026, approving key corporate actions including the appointment of a new independent director and an increase in authorized share capital. The meeting, held at the company's registered office in Karnal, saw the adoption of standalone financial statements for FY26.

The board proposed and shareholders approved the appointment of Dharmesh Mithabhai Patel as a non-executive independent director. This addition strengthens the board's governance structure. Additionally, members consented to increasing the authorized share capital, necessitating a subsequent alteration to the capital clause of the Memorandum of Association.

Financial adoption and auditor appointment

Shareholders received, considered, and adopted the standalone audited financial statements for the year ended March 31, 2026. The statutory auditors' report on these statements contained no qualifications, reservations, or adverse remarks. The meeting also confirmed the appointment of M/s. Piyush Kothari & Associates, Chartered Accountants, to fill a casual vacancy in the auditor position.

Voting and attendance details

The meeting commenced at 12:00 pm and concluded at 12:30 pm. A total of 32 members attended the session. Remote e-voting facilities were provided in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Ashish Goyal served as the scrutinizer for the voting process. Results were scheduled for publication on the company website and CDSL within two working days.

Board composition changes

The following directors were present during the proceedings:

The inclusion of Dharmesh Patel marks a shift in the independent director roster, while the existing leadership team maintained continuity throughout the fiscal year review.