Announcement under Regulation 30 - Issue of Securities on Rights Basis and decided the terms of the Rights issue
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Awaiting price reaction for this filing.
Padam Cotton Yarns has finalised the terms of its Rights Issue, approved at a board meeting on February 18, 2026. The company will issue 9.03 crore fully paid-up equity shares at Rs. 2.07 per share, including a Rs. 1.07 premium over the Rs. 1 face value, raising about Rs. 18.71 crores assuming full subscription. The entitlement ratio is 7 rights shares for every 10 shares held, and the issue size is below the Rs. 32.4 crores upper limit originally cleared by the board. The record date is February 24, 2026, with the issue opening on March 2, 2026 and closing on March 9, 2026. If fully subscribed, the total share count will rise from 12.91 crore to 21.95 crore, a roughly 70% increase. Existing shareholders can subscribe, renounce, or apply for additional shares, and entitlements will be credited in demat form under ISIN INE448D20017.
This is a capital raise that will dilute existing shareholders by about 70% on full subscription, though eligible holders can protect their stake by exercising rights. The issue price of Rs. 2.07 is well below typical market levels, and any steep discount could weigh on the stock price ex-record date. BSE is the designated stock exchange for the issue.