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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Promoter Sachin Modi sold 2,100,000 shares of Padam Cotton Yarns Ltd in an open market transaction on April 1, 2026. This reduced his holding from 4,977,448 shares (2.27% stake) to 2,877,448 shares (1.31% stake). The total share capital of the company remained at 219,470,000 shares. The transaction was conducted via open market sale, and the seller had previously encumbered 2,100,000 shares (which may have been the shares sold). This represents a reduction of approximately 0.96 percentage points in the promoter's holding.
The sale reduces the promoter's stake by nearly 1%, signaling a partial exit by a promoter group member. While the stake remains small, the sale may be viewed as a lack of confidence signal given the low promoter holding.