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 17,92,127 equity shares (0.82% of paid-up capital) through the open market on 27 March 2026. After the sale, the HUF's holding declined from 51,84,567 shares (2.36%) to 33,92,440 shares (1.54%). The total share capital of the company stood at approximately 21,94,70,000 shares, unchanged before and after the transaction. The disclosure has been made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a modest reduction in promoter group stake via open market sale, which retail investors may view as a mild negative signal about insider confidence, though the size of the sale is relatively small. No material impact on share price is expected from this single transaction, but further promoter group selling should be monitored.