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, part of the promoter group of Padam Cotton Yarns Ltd, sold 33,51,037 equity shares (1.53% of total share capital) in the open market on 24/03/2026. This brought the HUF's holding down from 96,38,963 shares (4.39%) to 62,87,926 shares (2.86%) of the company. The total equity share capital of the company remains 21,94,70,000 shares. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which is mandatory when promoter group holdings change materially.
A promoter-group entity trimming its stake by 1.53% via open market sale is generally seen as a mildly negative signal for retail investors, as it indicates the insider is choosing to exit part of the position rather than hold or increase it. The remaining 2.86% holding still keeps the HUF as a meaningful shareholder, so the impact is limited rather than alarming.