RATHOD MANOJ CHHAGANLAL HUF has filed a disclosure with regulatory authorities regarding a share sale transaction in Padam Cotton Yarns Limited , as mandated under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The Hindu Undivided Family (HUF) entity executed a share sale transaction through open market operations on 25/03/2026. The disclosure reveals a strategic reduction in shareholding position in the textile company.

Shareholding Changes

The transaction resulted in a notable decrease in RATHOD MANOJ CHHAGANLAL HUF's ownership structure in the company. The entity's voting rights and shareholding percentage both decreased proportionally following the share sale.

Company and Regulatory Information

Padam Cotton Yarns Limited maintains its listing status on Bombay Stock Exchange Limited with scrip code 531395. The company's equity share capital structure remained unchanged at 219470000 shares both before and after the transaction. RATHOD MANOJ CHHAGANLAL HUF operates as a non-promoter entity in relation to the target company.

Compliance and Documentation

The disclosure was submitted simultaneously to BSE Limited and the Board of Directors of Padam Cotton Yarns Limited, headquartered in Karnal, Haryana. Manoj Rathod, serving as Karta of the HUF, signed the regulatory filing from Ahmedabad on 25/03/2026. The transaction falls under the substantial acquisition disclosure requirements under Regulation 29(2), necessitating formal notification to stock exchanges and the target company's management.

The filing includes comprehensive details about voting rights, share encumbrances, and diluted share capital calculations as required under SEBI regulations. No encumbrances, warrants, or convertible securities were involved in this particular transaction.

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.