1. Alteration of Main Object Clause of Memorandum of Association
Purpose: To add new business activities not currently covered in main object clause
New Business Areas:
Agricultural, agro-based, horticultural, food and allied products trading (import/export/distribution)
Entertainment business including shows, films, music programs, TV channels, and entertainment websites
Approval Required: Special Resolution under Sections 4, 13 of Companies Act, 2013
Financial Impact: Not quantified in disclosure
2. Shift of Registered Office from Haryana to Gujarat
Current Address: 196, 1st Floor, G T Road, Opp. Red Cross Market Karnal, Haryana, 132001
Proposed Location: State of Gujarat (specific address not provided)
Rationale: Operational and administrative convenience
Previous Approval: Board initially approved on July 11, 2025; shareholders approved via postal ballot on August 8, 2025, but implementation lapsed due to time constraints
Approval Required: Special Resolution under Sections 12, 13 of Companies Act, 2013 and Rule 30 of Companies (Incorporation) Rules, 2014
Regulatory Approval: Requires confirmation from Regional Director (Northern Region)
3. Creation of Mortgage/Charge on Company Assets
Purpose: To secure borrowings, debentures, financial assistance up to ₹100 crores
Authority: Section 180(1)(a) of Companies Act, 2013
Security Coverage: All immovable and movable assets (tangible and intangible), present and future, whole or substantially whole of undertakings
Maximum Limit: ₹100.00 Crores (Rupees Hundred Crores Only)
Lenders: Banks, financial institutions, investors, debenture holders, other lenders
4. Increase in Borrowing Power Limit
New Limit: ₹100.00 crores (Rupees Hundred Crores Only)
Authority: Section 180(1)(c) of Companies Act, 2013
Coverage: Excludes temporary loans from bankers in ordinary course of business
Borrowing Instruments: Loans, bonds, notes, debentures, other securities (convertible or non-convertible)
Lenders: Banks, financial institutions, mutual funds, other persons
Voting Details
Cut-off Date: June 5, 2026 (for determining voting eligibility)
Voting Method: Remote e-voting only (no physical ballot forms)
Voting Period: July 3, 2026 (9:00 AM IST) to August 1, 2026 (5:00 PM IST)
Service Provider: CDSL (Central Depository Services India Limited)
Scrutinizer: Mr. Ashish Goyal, Proprietor of M/s A. Goyal & Associates, Company Secretary in Whole-time Practice
Results Declaration: On or before August 4, 2026
Document Distribution
Electronic Mode: To members with registered email addresses as per MCA Circular Nos. 14/2020, 17/2020 and subsequent circulars including General Circular No. 03/2025
Availability: Company website (www.padamcotton.com/notices.php) and BSE website (www.bseindia.com)
