BSE clears reclassification of 8 promoter group members to public category

Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹0.96

prior close

₹0.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+3.2% vs market

Other Textile Products peers, median of 186sector-0.3%+2.4% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 2.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-1.1+3.2-0.3+2.4

Next day

+2.1-0.5+2.5-0.5+2.6

+1.0-0.1+1.2-0.5+1.6

+1.0-1.3+2.4-0.8+1.9

+0.0-2.0+2.0-1.3+1.3

+0.0-1.6+1.6-1.2+1.2

-2.1-1.5-0.6-1.4-0.7

15d

+1.0+2.9-1.8-0.7+1.8

+14.6+3.4+11.2-1.3+15.9

+1.0+2.5-1.5-1.4+2.4

-5.2-0.1-5.1-3.7-1.5

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 186Pending

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

AI summary

Padam Cotton Yarns has received BSE approval to reclassify 8 promoter and promoter group members under Regulation 31A of SEBI LODR. The members are Padam Sain Gupta, Prem Lata, Radhika Gupta, Vivek Gupta, Vivek Gupta HUF, Rajev Gupta, Rajev Gupta HUF, and Rekha Gupta. Notably, all 8 members already hold 0 shares in the company. They will now be treated as public shareholders rather than part of the promoter group, effectively shrinking the formal promoter list on record.

Likely market impact

Formal promoter group shrinks; these 8 persons shift to public category, which may reduce disclosed promoter holding on record.