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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sachin Govindlal Modi, a non-promoter shareholder of Padam Cotton Yarns Ltd, has filed a disclosure under SEBI's Takeover Regulations for a change in his shareholding. He sold 857,500 shares (0.39% of the company's equity) through open market transactions on March 24, 2026. After this sale, his holding reduced from 6,884,948 shares (3.14%) to 6,027,448 shares (2.75%) of the company. The disclosure was filed from Ahmedabad, and the company's total equity share capital stands at approximately 21.95 crore shares. The sale triggered the 2% disclosure threshold for change in shareholding in a financial year under SAST norms.
Since the seller is a non-promoter and the transaction is relatively small (0.39% of equity), this is unlikely to materially affect the stock price. However, retail investors may note continued selling by an existing non-promoter shareholder, which could signal a gradual exit from the stock.