Company has received Letters and Undertakings from persons belonging to "Promoter and Promoter Group" category to "Public" category.
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Awaiting price reaction for this filing.
Padam Cotton Yarns Ltd has received request letters and undertakings dated 8th April 2025 from 8 persons in the promoter and promoter group category — Padam Sain Gupta, Prem Lata, Radhika Gupta, Vivek Gupta, Vivek Gupta HUF, Rajev Gupta, Rajev Gupta HUF, and Rekha Gupta — seeking reclassification to the Public category under SEBI LODR Regulation 31A. Notably, all 8 persons currently hold NIL equity shares (0% stake) and have no directorship in the company, stating they have no control or special rights over the company's affairs. The Board of Directors will now consider these reclassification requests. Since these individuals already hold zero shares, the reclassification is an administrative cleanup with no actual change in shareholding.
This is a purely administrative reclassification with no impact on shareholding, since all 8 persons already hold zero shares. Shareholders should see no change in promoter or public shareholding percentages — it simply formalizes the status of persons who had already exited the company.