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 shareholder in Padam Cotton Yarns Ltd (Scrip Code: 531395), sold 10,00,000 equity shares (about 0.46% of the company's capital) through open-market transactions on BSE on March 23, 2026. As a result, the HUF's holding fell from 1,06,38,963 shares (4.85%) to 96,38,963 shares (4.39%). The disclosure has been filed under SEBI's substantial acquisition and takeover rules to report the change in holding. No encumbrance, voting rights, or convertible securities details were disclosed beyond the ordinary equity shares.
This is a small, below-1% stake reduction by a single HUF entity and is unlikely to materially move the share price or change the company's overall ownership structure. The HUF remains a sizeable shareholder at over 4%, so this looks like a routine portfolio adjustment rather than a meaningful sentiment signal.