Padam Cotton Yarns Limited, a prominent textile company, has officially announced the scheduling of a Board of Directors' meeting for January 24, 2025. The meeting will focus on several crucial corporate matters, including the approval of bonus shares, which will require shareholder approval before proceeding.

Key Agenda Items for the Meeting

1. Bonus Shares Proposal: The company plans to discuss the proposal for the issuance of bonus shares to its equity shareholders. This proposal will be subject to shareholder approval at an Extra Ordinary General Meeting (EGM), to be convened shortly after the board meeting.

2. EGM Preparation: In addition to the bonus share proposal, the board will finalize the date, time, and venue for the upcoming EGM. The EGM will be essential for shareholders to approve the bonus shares, and the board aims to finalize the dates for book closure, record date, and cut-off date for the purpose of the meeting. The company will also discuss e-voting procedures for the meeting.

3. Appointment of Scrutinizer: The board will appoint Mr. Ashish Goyal, a Company Secretary in Whole-time Practice and proprietor of M/s A. Goyal & Associates, to act as the scrutinizer for the voting process during the EGM. This ensures a transparent and compliant voting process for the approval of the proposed resolutions.

4. Other Matters: The meeting will also address any other corporate matters with the permission of the chair, ensuring that all necessary business is covered during the session.

Insider Trading and Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018, Padam Cotton Yarns Ltd. has announced the closure of the trading window for Designated Persons and their immediate relatives, including insiders, from January 15, 2025. The trading window will remain closed until 48 hours after the conclusion of the Board meeting, which is scheduled for January 24, 2025.

This closure of the trading window is a standard practice to prevent insider trading and ensure that unpublished price-sensitive information (UPSI) is not disclosed or traded upon before the announcement is made public.

Corporate Governance and Compliance

Padam Cotton Yarns Limited's commitment to corporate governance is evident in its proactive approach to compliance with SEBI regulations. The company is ensuring full compliance with the Listing Obligations and Disclosure Requirements (LODR), maintaining transparency in its financial and corporate practices.

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