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Corporate Announcement
  • Security Code531395
    CompanyPADAM COTTON YARNS LTD.
    Exchange Received Time21/09/2024 16:53:09
    Exchange Disseminated Time21/09/2024 16:53:10
    Time Taken00:00:01
     
     
     Board Meeting Outcome for Intimation Pursuant To Regulation 30 And 33 Of SEBI (Listing Obligation & Disclosure Requirements), Regulation 2015 And Outcome Of Board Meeting | 9/21/2024 4:53:10 PM 
     Pursuant to the Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, we wish to inform you that the Board of Directors of Padam Cotton Yarns Limited at their meeting held today i.e., Saturday, 21st September, 2024, inter alia, has considered and approved: 1. To increase in Authorised Capital from existing Rs. 7,00,00,000/- (Rupees Seven Crores Only) to Rs. 10,00,00,000/- (Rupees Ten Crores Only) and corresponding amendments to the Clause V of the Memorandum of Association of the Company subject to approval of Shareholders in General Meeting; 2. To Evaluated the various options available to the Company to raise funds and thereafter the Board decided to differ the fund-raising exercise to further explore the options with prospective investors and also to re-evaluate the available options; 3. Other Agendas enclosed herewith. 
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