Padam Cotton Yarns Limited has completed its rights issue process with significant developments including post-issue advertisement publication and substantial acquisition disclosures by multiple investors. The company fulfilled its regulatory obligations under SEBI ICDR Regulations while witnessing notable stake acquisitions through the rights offering, followed by subsequent trading activity. A new substantial investor, Bon Lon Private Limited, has joined the existing stakeholders with a significant acquisition.

Rights Issue Completion Details

The Board of Directors had previously approved the allotment of 9,03,70,000 rights equity shares during a meeting held on March 16, 2026, raising ₹1870.659 lakhs through the offering. The rights issue was executed at an issue price of ₹2.07 per rights equity share, with each share carrying a face value of Re.1/- and a premium of ₹1.07 per share.

Substantial Acquisitions by Multiple Investors

Three significant investors have disclosed substantial acquisitions under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. All investors, who are not part of the promoter group, acquired substantial stakes through the rights issue allotment process.

Sachin Modi's Acquisition

Sachin Govindlal Modi acquired 1,47,50,000 equity shares through the rights issue allotment, representing 5.51% of the company's total share capital on March 18, 2026.

Bon Lon Private Limited's Entry

Bon Lon Private Limited emerged as a new substantial investor, acquiring 1,50,00,000 equity shares representing 6.83% of the company's total share capital through the rights issue allotment on March 18, 2026. The company, incorporated under CIN: U65100DL1988PTC033038, made this acquisition without any prior holding in Padam Cotton Yarns.

Rathod Manoj Chhaganlal HUF's Stake Changes

Rathod Manoj Chhaganlal HUF initially disclosed the acquisition of 1,45,00,000 equity shares, representing 6.61% of the company's total share capital through rights issue allotment on March 18, 2026. However, in subsequent disclosures under Regulation 29(2), the HUF sold shares through open market transactions, reducing their holding significantly.

In the latest disclosure dated March 20, 2026, Rathod Manoj Chhaganlal HUF sold 35,00,000 shares through open market transactions, further reducing their holding from 1,41,38,963 shares (6.44%) to 1,06,38,963 shares, representing 4.85% of the total share capital.

Current Investor Holdings Summary

Post-Issue Advertisement Publication

The company published its post-issue advertisement on March 18, 2026, in Financial Express (English) National Daily and Jansatta (Hindi) National Daily across all editions. This publication was mandated under Regulation 92 of the SEBI ICDR Regulations and Regulation 30 of the SEBI Listing Regulations. The advertisement provided detailed information including subscription statistics, basis of allotment, and successful allottee details.

Subscription and Capital Structure Impact

The rights issue received a total of 1,209 applications for 9,45,37,124 rights equity shares, with 963 valid applications ultimately receiving allotment. Following the successful allotment, the company's paid-up equity share capital increased from ₹12,91,00,000 to ₹21,94,70,000, with the number of shares rising from 12,91,00,000 to 21,94,70,000. The rights equity shares commenced trading on BSE from March 19, 2026.

Padam Cotton Yarns Limited has announced an extension of its ongoing rights issue closing date, providing shareholders additional time to participate in the offering. The decision was made during a board meeting held on March 09, 2026, extending the deadline by four days to accommodate shareholder participation.

Rights Issue Extension Details

The company's board of directors, in their meeting held on March 09, 2026, which commenced at 09:45 A.M. and concluded at 10:00 A.M., decided to extend the rights issue closing date from March 09, 2026 to March 13, 2026. This extension aims to provide shareholders with additional opportunity to exercise their rights in the ongoing rights issue.

The rights issue originally opened on March 02, 2026 and was initially scheduled to close on March 09, 2026. With the extension, the last date for submission of the duly filled-in Common Application Form (CAF) along with the application amount is now Friday, March 13, 2026.

Revised Issue Schedule

The company has released an updated timeline for the rights issue and subsequent activities:

Impact on Documentation

The company clarified that there will be no changes to the Letter of Offer (LOF) dated February 18, 2026, and the Common Application Form (CAF), except for the modification in the issue closing date and the resultant changes in the indicative timetable of post-issue activities. All other terms and conditions of the rights issue remain unchanged.

Shareholder Communication

Equity shareholders entitled to apply for the rights issue have been requested to take note of the revised issue closure date of Friday, March 13, 2026. The extension provides eligible shareholders additional time to complete their application process and exercise their rights in the offering.

The announcement was signed by Dinesh Shreevastav, Whole-Time Director of the company, and communicated to BSE Limited as part of the company's regulatory compliance obligations.