The Board has fixed record date for the purpose of ascertaining the eligibility of shareholders for sub-division of shares by the Company i.e. Friday, June 27, 2025.
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Padam Cotton Yarns Ltd has fixed Friday, June 27, 2025 as the record date to determine shareholders eligible for a sub-division of equity shares. Each existing equity share with a face value of Rs. 10 will be split into 10 equity shares with a face value of Re. 1 each (a 1:10 stock split). The sub-division was approved by shareholders through a resolution passed on June 5, 2025, and the Board finalised the record date at its meeting on June 7, 2025. The company is complying with SEBI's Regulation 42 for this intimation.
Shareholders holding shares as of June 27, 2025 will see their share quantity increase tenfold while the price per share is expected to adjust proportionally, leaving overall investment value unchanged. The lower face value and share price may improve liquidity and make the stock more accessible to small retail investors.