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, sold 6,10,539 equity shares (0.28%) of Padam Cotton Yarns Ltd in the open market on April 6, 2026. The transaction was carried out on the BSE (Ahmedabad-based). Post-sale, the HUF's holding stands at 27,81,901 shares, i.e., 1.26% of the company's paid-up equity capital, down from 1.54% earlier. The total equity share capital of the company remains unchanged at approximately 21.94 crore shares. The disclosure was filed under SEBI's takeover regulations to report the change in shareholding and voting rights.
This is a small, routine trimming of a promoter-group stake and is unlikely to move the stock meaningfully. With post-sale holding still at 1.26%, no takeover-related thresholds are triggered, though retail investors may note continued mild promoter-group selling pressure in the open market.