Padam Cotton Yarns Limited has commenced the remote e-voting process for its postal ballot, seeking shareholder approval to increase the borrowing power of the Board up to ₹100 crore. The e-voting period opened on July 03, 2026, and will close on August 01, 2026. The notice was published in the Financial Express and Jansatta newspapers on Friday, July 03, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations.

The Board of Directors, in its meeting held on May 30, 2026, approved the appointment of Mr. Ashish Goyal, Proprietor of M/s A. Goyal & Associates, as the Scrutinizer. The cut-off date for determining shareholder eligibility is June 05, 2026. The company completed the dispatch of the postal ballot notice on June 30, 2026.

Alteration of Object Clause and Office Shift

The company proposes to alter its main object clause to facilitate entry into agricultural trading and the entertainment sector. It also seeks to shift its registered office from Haryana to Gujarat to achieve operational and administrative convenience, subject to the approval of the Regional Director.

Financial Resolutions

To support financial requirements, the company seeks consent to create mortgages or charges on its movable and immovable properties to secure borrowings up to ₹100 crore. The Board also seeks approval to borrow monies up to an aggregate amount of ₹100 crore through loans, bonds, or debentures, in addition to temporary loans obtained in the ordinary course of business.

Key Postal Ballot Details

Padam Cotton Yarns has submitted an application to BSE Ltd. to reclassify its promoters from the promoter and promoter group categories to the public category. The application, filed on March 30, 2026, seeks approval under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move follows a prior approval from the Board of Directors on March 27, 2026.

The reclassification request covers eight specific entities associated with the company. According to the filing, these entities currently hold no equity shares in the company. The list includes named individuals and Hindu Undivided Families (HUFs).

Promoters seeking reclassification

The following table details the promoters and promoter group members included in the reclassification application:

The Board's decision to support the reclassification was communicated to the exchange within the stipulated timeframe. The company confirmed that the announcement regarding this application has been uploaded to its official website. The reclassification will alter the shareholding structure of Padam Cotton Yarns upon approval by the exchange.