Extention of Rights issue closure period
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Padam Cotton Yarns Limited has extended the closing date of its ongoing Rights Issue by 4 days, from March 09, 2026 to March 13, 2026. The Rights Issue originally opened on March 02, 2026, and the Board of Directors decided to extend the period to give eligible shareholders additional time to apply. The Letter of Offer and Common Application Form remain unchanged except for the revised closing date. Key revised dates include allotment on March 16, 2026, credit of shares on March 17, 2026, and listing on or about March 18, 2026.
This is a routine procedural extension and generally signals that the company wants higher subscription participation from shareholders. For investors, it simply means a few extra days to decide whether to exercise their rights entitlements before the issue closes.