Board approves Rs 27 crore rights issue, shifts corporate office

Corporate Actions View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.1% vs market

Other Textile Products peers, median of 189sector-0.3%+0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.3 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of Padam Cotton Yarns approved raising up to Rs 27 crore through a rights issue of equity shares of face value Re.1 each, to be allotted to eligible existing shareholders. The record date and final terms such as ratio and issue price will be decided later. The board also approved shifting the corporate office within Ahmedabad to Sun Gravitas, Radio Mirchi Road, Satellite.

Likely market impact

Potential dilution for existing shareholders once rights issue terms are finalised. Corporate office shift is routine administrative.