The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rathod Manoj Chhaganlal HUF
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Rathod Manoj Chhaganlal HUF, a promoter group entity of Padam Cotton Yarns Ltd, has filed a SAST disclosure for an open market sale of 361,037 equity shares (0.17% of the company's share capital) on 19 March 2026. As a result, the HUF's holding in the company decreased from 14,500,000 shares (6.61%) to 14,138,963 shares (6.44%). The total equity share capital of the company remains unchanged at 21,947,000 shares. This is a small, incremental trimming of promoter group stake through the open market route.
This is a minor stake sale (less than 0.2%) by a promoter group entity and is unlikely to have any meaningful impact on the stock price or shareholder confidence. The promoter group's overall control in the company remains intact above 6%.