We hereby Submit the Letter of offer for the Rights issue
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Padam Cotton Yarns Limited has submitted the Letter of Offer for its Rights Issue to BSE, following Board approval on February 18, 2026. The company is offering up to 9,03,70,000 fully paid equity shares of face value ₹1 at a price of ₹2.07 per share (including a premium of ₹1.07), aggregating up to ₹18.71 crore. Eligible shareholders can subscribe in the ratio of 7 rights shares for every 10 equity shares held as on the record date of February 24, 2026. The issue opens on March 2, 2026 and closes on March 9, 2026, with allotment expected on March 10, 2026 and listing on March 11, 2026. The Rights Entitlements will be credited to demat accounts of eligible shareholders before the issue opening date.
Existing shareholders will get an opportunity to subscribe to additional shares in proportion to their holdings, though their stake percentage may change depending on participation. Shareholders should review the Letter of Offer, especially the risk factors and objects of the issue, before deciding to subscribe or renounce.