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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Sachin Govindlal Modi, a member of the promoter group of Padam Cotton Yarns Ltd, has disclosed a sale of 10,50,000 equity shares (0.48% of the company's total share capital) in the open market on March 30, 2026. His holding in the company has come down from 60,27,448 shares (2.75%) to 49,77,448 shares (2.27%). The total equity share capital of the company stands at 21,94,70,000 shares. This disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
A promoter trimming stake in the open market by nearly half a percent is a mild negative signal for retail investors, but since the sale size is small and the holding remains below 3%, the price impact is likely limited.