The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Eswara Rao Nadam & PACs
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Eswara Rao Nandam along with Persons Acting in Concert (Vishaal Nandam, Uma Nandam, and Ajaraya Business Corporation) disclosed acquisition of 1,22,68,200 shares representing 5.59% of Padam Cotton Yarns Ltd. The acquisition was done through open market purchases on 13th and 14th May 2026. On 13th May, 1,13,18,200 shares (5.16%) were purchased, followed by 9,50,000 shares (0.43%) on 14th May. The acquirer and all PACs confirmed they do not belong to the promoter or promoter group of the company. Total share capital of the company is 21,94,70,000 equity shares.
The acquisition crosses the 5% disclosure threshold but remains below the 10% creeping acquisition trigger. Since all acquirers are non-promoters, this represents an increase in public shareholding rather than a change in promoter stake.