Padam Cotton Yarns Ltd board approved reclassification of 8 promoter/promoter group members to 'Public' category on March 27, 2026.
All 8 outgoing promoters hold NIL shares (0% equity) and have confirmed no control, board representation, or special rights in the company.
Reclassification is subject to shareholder approval and BSE Limited's approval under Regulation 31A of SEBI LODR Regulations, 2015.