Pashupati Cotspin Limited has appointed Ms. Kratika Soni as its Whole Time Company Secretary and Compliance Officer, effective August 05, 2026. The Board of Directors approved the appointment at its meeting held on the same date, following the resignation of Ms. Tanvi Mafatlal Patel from the post. This change in Key Managerial Personnel ensures continuity in compliance functions for the cotton ginning and spinning company, which recently reported a significant surge in profitability for Q1FY27.

The Board accepted the resignation of Ms. Tanvi Mafatlal Patel (ICSI Membership No. A58543) with effect from the close of business hours on August 05, 2026. Ms. Patel cited personal reasons for her departure. She ceases to be a Key Managerial Personnel under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has intimated the BSE Limited and National Stock Exchange of India Limited regarding this change.

Appointment Details

Ms. Kratika Soni (ICSI Membership No. A80404), an Associate Member of the Institute of Company Secretaries of India, has been appointed to succeed Ms. Patel. She holds a Bachelor's Degree in Commerce from Jai Narayan Vyas University, Jodhpur, Rajasthan. The Nomination and Remuneration Committee recommended her appointment to ensure compliance with Regulation 6 of the SEBI LODR Regulations, 2015, and other applicable provisions of the Companies Act, 2013.

Regulatory Compliance

The filing was made pursuant to Regulation 30 of the SEBI LODR Regulations, 2015. The disclosure includes details required under Part A of Schedule III of the regulations, along with subsequent SEBI Master Circulars, including SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2025, and SEBI master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026.

This personnel change occurs shortly after Pashupati Cotspin reported a 257% year-on-year jump in standalone net profit to ₹7.24 crore for the quarter ended June 30, 2026. The Board, chaired by Managing Director Saurin Jagdishbhai Parikh, had previously noted that the cotton ginning business is seasonal, with operations typically running from October to April.

Craft Emerging Market Fund PCC has acquired a 6.42% stake in Pashupati Cotspin Limited by purchasing 10,132,543 equity shares via open market transactions. The acquisition, executed on January 29, 2025, marks a significant entry for the Mauritius-based fund into the textile firm's shareholding structure. The transaction was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following a correction to an earlier filing that lacked specific date details.

The acquisition was carried out by Craft Emerging Market Fund PCC – Citadel Capital Fund and Craft Emerging Market Fund PCC – Elite Capital Fund, which are acting in concert. These entities are not part of the promoter group of Pashupati Cotspin Limited. The shares were purchased in the open market, resulting in a total holding of 10,132,543 shares carrying voting rights. Prior to this transaction, the acquirers held nil shares in the company.

The total equity share capital and voting capital of Pashupati Cotspin Limited stands at 157,840,000 shares. The acquired block represents exactly 6.42% of both the total share/voting capital and the total diluted share/voting capital. There are no encumbrances, pledges, or liens associated with these newly acquired shares, nor are there any warrants or convertible securities involved in this specific acquisition.

The revised disclosure was submitted to the Bombay Stock Exchange (BSE) on July 24, 2026. Ashwanee Ramsurrun, authorized signatory for Craft Emerging Market Fund PCC, signed the document from Mauritius. The filing explicitly references a previous SAST disclosure filed on June 5, 2026, noting that the current submission corrects the omission of the specific acquisition date in the earlier notice. This ensures regulatory compliance regarding the transparency of substantial share acquisitions in listed entities.