Outcome of the Board Meeting for the Allotment of Rights equity shares
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 4.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Padam Cotton Yarns has allotted 9.03 crore Rights Equity Shares at ₹2.07 per share (face value Re.1 plus ₹1.07 premium), raising roughly ₹18.71 crore in line with its Letter of Offer dated February 18, 2026. Following this allotment, the company's paid-up equity capital has risen from ₹12.91 crore to ₹21.95 crore, with total outstanding shares increasing from 12.91 crore to 21.95 crore. The Board approved the allotment at its meeting on March 16, 2026, after finalising the basis of allotment with BSE as the designated stock exchange. Shareholders who did not subscribe to their rights entitlement would have seen their proportional holding diluted accordingly.
Existing shareholders face dilution of around 70% in their stake since the share count jumped significantly. The modest premium of ₹1.07 over face value suggests the company raised primarily to meet capital needs rather than reward shareholders at a premium price.