Padam Cotton Yarns Ltd has approved raising up to Rs. 27 Crore through a rights issue of equity shares for eligible shareholders to strengthen the capital base.

Additionally, the company has decided to shift its corporate office and the maintenance of its books of accounts to a new location in Ahmedabad.

These strategic updates matter for shareholders as the fund infusion will support future capital requirements, while the office relocation marks an operational shift in the company's administrative setup.