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Mumbai , Dec. 8

PADAM Cotton Yarns Ltd has informed the Bombay Stock Exchange that its shareholders have given their consent, through postal ballot, to the board to sell, transfer and/or otherwise dispose of the whole or a substantial part of the company's assets with the infrastructure, facilities, utilities attached there to and/or any other idle assets in whole or part on a going concern basis or otherwise to any company, institution, firm or individual. A fire that occurred in the main building hosting the main plant and machinery had ravished these assets.

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