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, sold 11,03,359 shares (0.50% of the company's equity) in the open market on 25 March 2026. As a result, the HUF's stake in the company declined from 2.86% (62,87,926 shares) to 2.36% (51,84,567 shares). The transaction was disclosed to BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The total equity/voting capital of the company stood at ₹21,94,70,000 both before and after the transaction.
This is a small, routine reduction of 0.50% in the stake held by a single promoter-family HUF, well within SEBI's creeping acquisition/disposal limits. The change is unlikely to materially impact share price or shift promoter control, but it is a minor signal of a promoter-group entity trimming its holding.