Rathod Manoj Chhaganlal HUF Reduces Shareholding in Padam Cotton Yarns to 1.26%
Rathod Manoj Chhaganlal HUF has reduced its shareholding in Padam Cotton Yarns Limited from 1.54% to 1.26% through the sale of 610,539 shares via open market transactions on 06/04/2026. The disclosure, made under SEBI Regulation 29(2), shows the HUF's holding decreased from 3,392,440 shares to 2,781,901 shares. The HUF is not part of the company's promoter group, and the transaction represents a 0.28% reduction in shareholding percentage.
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Padam Cotton Yarns Limited has received a disclosure from Rathod Manoj Chhaganlal HUF regarding a substantial reduction in shareholding under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a significant divestment by the HUF in the textile company.
Transaction Details
The disclosure reveals that Rathod Manoj Chhaganlal HUF sold 610,539 shares through open market transactions on 06/04/2026. This sale resulted in a reduction of the HUF's shareholding percentage from 1.54% to 1.26% of the company's total share capital.
| Transaction Parameter: | Details |
|---|---|
| Shares Sold: | 610,539 |
| Transaction Mode: | Open Market |
| Transaction Date: | 06/04/2026 |
| Percentage Reduction: | 0.28% |
Shareholding Position
The HUF's shareholding position shows a clear reduction following the transaction. Before the sale, Rathod Manoj Chhaganlal HUF held 3,392,440 shares representing 1.54% of the company's equity. Post-transaction, the holding decreased to 2,781,901 shares, constituting 1.26% of the total share capital.
| Shareholding Details: | Before Transaction | After Transaction |
|---|---|---|
| Number of Shares: | 3,392,440 | 2,781,901 |
| Percentage Holding: | 1.54% | 1.26% |
| Voting Rights: | 1.54% | 1.26% |
Regulatory Compliance
The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that Rathod Manoj Chhaganlal HUF does not belong to the promoter or promoter group of Padam Cotton Yarns Limited.
Company Information
Padam Cotton Yarns Limited maintains its equity share capital at 219,470,000 shares, which remained unchanged before and after the transaction. The company's shares are listed on the Bombay Stock Exchange Limited, providing liquidity for such open market transactions.
The transaction reflects standard market activity where institutional and individual investors adjust their portfolio positions based on investment strategies and market conditions.
Historical Stock Returns for Padam Cotton Yarns
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.47% | -11.86% | -23.66% | -31.60% | -31.60% | -31.60% |
Will other institutional investors follow suit and reduce their positions in Padam Cotton Yarns amid potential sector headwinds?
How might this divestment impact Padam Cotton Yarns' stock price and trading volumes in the coming quarters?
What strategic initiatives is Padam Cotton Yarns planning to attract new institutional investors and strengthen market confidence?
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