The Board has approved to raise funds by issuing equity shares through Rights issue in their meeting held on 09/10/2025
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The board of Padam Cotton Yarns Ltd (BSE: 531395) met on October 9, 2025 and approved a Rights Issue of equity shares to raise up to Rs. 32.40 Crore. The shares will have a face value of Re. 1 each and will be offered to existing eligible shareholders on a record date that has not yet been disclosed. The issue price, ratio, and other terms are yet to be finalised by the Board or a committee at a later date. The rights issue will be carried out under Section 62(1)(a) of the Companies Act, 2013 and SEBI's ICDR Regulations, subject to necessary approvals.
Existing shareholders may face dilution if they do not subscribe to the rights, and the stock price typically adjusts downward by roughly the theoretical entitlement value once the issue goes ex-rights. Successful subscription will bring up to Rs. 32.40 Crore of fresh capital into the company.