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, part of the promoter group of Padam Cotton Yarns Ltd, has sold 3,500,000 equity shares (1.59% of the company's share capital) through the open market on 20 March 2026. The sale reduced the HUF's holding from 14,138,963 shares (6.44%) to 10,638,963 shares (4.85%). The transaction was carried out on the BSE, and the company's total equity share capital remained unchanged at 21,947,000 shares.
This is a reduction in promoter group stake by over 1.5 percentage points via open-market sale, which may be viewed as a mild negative signal by retail investors, as promoter selling can indicate reduced insider confidence. However, the post-sale holding of 4.85% still keeps the entity as a meaningful shareholder.