Sachin Govindlal Modi Reduces Shareholding in Padam Cotton Yarns to 1.31%
Sachin Govindlal Modi has reduced his shareholding in Padam Cotton Yarns Limited from 2.27% to 1.31% through the sale of 2100000 shares via open market transactions. The transaction, disclosed under SEBI regulations, was executed on 01/04/2026 and represents a 0.96% reduction in his stake. Modi, who is not part of the promoter group, completed the transaction while the company's total equity capital remained at 219470000 shares.
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Padam Cotton Yarns Limited has received a disclosure under SEBI regulations regarding a shareholding change by Sachin Govindlal Modi. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals a reduction in Modi's stake in the textile company.
Transaction Details
Sachin Govindlal Modi executed the share transaction through open market operations on 01/04/2026. The transaction involved the sale of equity shares, resulting in a decrease in his overall shareholding percentage in Padam Cotton Yarns Limited.
| Transaction Parameter: | Details |
|---|---|
| Shares Sold: | 2100000 |
| Transaction Mode: | Open Market |
| Transaction Date: | 01/04/2026 |
| Percentage Sold: | 0.96% |
Shareholding Analysis
The disclosure provides a comprehensive view of Modi's shareholding position before and after the transaction. His stake reduction reflects a strategic divestment in the company's equity.
| Shareholding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Transaction: | 4977448 | 2.27% |
| After Transaction: | 2877448 | 1.31% |
| Net Change: | -2100000 | -0.96% |
Regulatory Compliance
The disclosure confirms that Sachin Govindlal Modi does not belong to the promoter or promoter group of Padam Cotton Yarns Limited. The company's shares are listed on the Bombay Stock Exchange Limited, and the total equity share capital remains unchanged at 219470000 shares both before and after the transaction.
Company Structure
Padam Cotton Yarns Limited maintains its equity structure with no changes to the total voting capital following this transaction. The disclosure indicates no encumbrances, voting rights other than shares, or convertible securities involved in this particular transaction.
| Company Details: | Information |
|---|---|
| Total Equity Capital: | 219470000 shares |
| Listing Exchange: | Bombay Stock Exchange Ltd |
| Acquirer Status: | Non-Promoter |
| Filing Location: | Ahmedabad |
Historical Stock Returns for Padam Cotton Yarns
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.64% | -17.41% | -23.24% | -26.00% | -26.00% | -26.00% |
What factors might have motivated Modi's strategic divestment of nearly half his stake in Padam Cotton Yarns?
How could this significant shareholding reduction by a major non-promoter investor impact the company's stock price and market sentiment?
Will other institutional or retail investors follow suit with similar divestments given Modi's substantial stake reduction?
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