Board Consideration for the Request received from Promoters for reclassification under Regulations 31A
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On March 27, 2026, the Board of Padam Cotton Yarns Ltd approved a request from 8 promoter group members — Padam Sain Gupta, Prem Lata, Radhika Gupta, Vivek Gupta, Vivek Gupta HUF, Rajev Gupta, Rajev Gupta HUF, and Rekha Gupta — to be reclassified from 'Promoter/Promoter Group' to 'Public' category under SEBI Regulation 31A. Notably, all 8 persons together hold 0 shares (0% of paid-up equity capital). The original request letters were dated January 2, 2026 and received by the company on March 25, 2026. The reclassification still requires approval from shareholders and BSE before it becomes effective. The company confirmed it will continue to meet minimum public shareholding norms post reclassification.
This is largely a procedural/technical cleanup since these 8 promoter group members already hold zero shares in the company, so there is no real change in ownership or voting power. Shareholders should not expect any meaningful impact on promoter holding, stock price, or control of the company from this filing.