The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sachin Modi
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sachin Govindlal Modi, who is NOT a promoter of the company, disclosed a sale of 505,830 shares in Padam Cotton Yarns Ltd through open market on April 2, 2026. His holding reduced from 2,877,448 shares (1.31%) to 2,371,618 shares (1.08%). Notably, the exact number of shares sold (505,830) matches his previously encumbered shares (0.23%), suggesting he sold shares that were pledged or under encumbrance. The total share capital of the company is approximately 219.47 million shares.
This represents a relatively small disposal (0.23% stake) by a non-promoter shareholder. The sale of encumbered shares could indicate liquidity needs or unwinding of a loan against shares. Given the small size and non-promoter status of the seller, the impact on the stock is likely minimal.