Newspaper Publication on March 18, 2026 for the Finalization of Basis of Allotment of Rights issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Padam Cotton Yarns Limited (BSE Scrip Code: 531395) has submitted copies of newspaper clippings of the post-issue advertisement published on March 18, 2026 in Financial Express (English) and Jansatta (Hindi) to BSE. The ad discloses the subscription details, basis of allotment, number of successful allottees, refund dispatch and credit of securities for the company's recently concluded Rights Issue, in compliance with SEBI ICDR Regulations 2018. The advertisement is also available on the company's website (www.padamcotton.com). The filing was signed by Whole-Time Director Dinesh Shreevastav (DIN: 11030609). The Rights Issue appears to have been oversubscribed, with the basis of allotment now finalized and shares ready for listing.
This is a routine post-issue compliance filing, not a new corporate action. It confirms the Rights Issue process has been completed and the company is moving toward listing of the newly allotted shares. Existing shareholders may see a short-term dilution effect, but the formal allotment completion is a procedural positive. Watch for the actual listing date and any price discovery post-listing.