Intimation under Reg. 42 of SEBI (LODR), read with Reg 68 of SEBI (ICDR), Regulations,
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Awaiting price reaction for this filing.
Padam Cotton Yarns Ltd has fixed Tuesday, February 24, 2026 as the record date for its proposed Rights Issue. The Board had earlier (on October 9, 2026) approved raising up to Rs. 3,240 lakhs (Rs. 32.4 crore) by issuing fully paid-up equity shares on a rights basis to existing shareholders. BSE has already granted in-principle approval for the issue. Shareholders whose names appear in the company's records on the record date will be eligible to receive the Rights Entitlement and apply for the Rights Equity Shares.
Existing shareholders will need to contribute fresh capital to maintain their proportionate holding, making this a potential dilution event. The stock is likely to trade ex-rights around the record date, which typically creates short-term price pressure.