The Board of Directors at its meeting approved the sub-division / stock split.
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.3 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.
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Padam Cotton Yarns Limited announced that its Board of Directors, at a meeting held on April 23, 2025, approved a sub-division (stock split) of equity shares. Under the proposed split, every 1 equity share of Rs. 10 face value will be divided into 10 equity shares of Re. 1 face value each. The current paid-up share capital is Rs. 12.91 crore, comprising 1.29 crore shares of Rs. 10 each, which will become 12.91 crore shares of Re. 1 each post-split. The company stated the rationale is to enhance liquidity and make shares more affordable for small investors. A postal ballot will be conducted to seek shareholder approval, with the record date to be decided later. Completion is expected within approximately 3 months from shareholder approval.
The 1:10 stock split will reduce the per-share price proportionally, making the stock more accessible to retail investors and potentially improving trading liquidity. Shareholder value remains unchanged, as the total share capital stays the same — only the number of shares increases tenfold.