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.

Padam Cotton Yarns Limited has formally notified BSE Limited regarding the publication of pre-issue advertisements for its upcoming rights issue, in compliance with Regulation 84 of SEBI ICDR Regulations and Regulation 30 of SEBI Listing Regulations. The company submitted its intimation on February 28, 2026, following an earlier notification dated February 18, 2026.

Rights Issue Details

The textile company is launching a rights issue of up to 9.03 crore fully paid-up equity shares with a face value of ₹1.00 each. The shares are priced at ₹2.07 per share, including a premium of ₹1.07 per share, representing 2.07 times the face value.

Issue Timeline

The rights issue follows a structured timeline with specific dates for different phases of the offering process.

Advertisement Publication

The pre-issue advertisements were published on February 27, 2026, across multiple publications to ensure wide reach among eligible shareholders:

• Financial Express (English) - National Daily, All Editions
• Jansatta (Hindi) - National Daily, All Editions
• Financial Express (Gujarati) - Gujarat Region

The advertisements are also available on the company's official website at www.padamcotton.com , providing easy access for shareholders seeking detailed information about the rights issue.

Application Process and Requirements

The rights issue mandates the use of ASBA (Applications Supported by Blocked Amount) process for all applications. This system allows investors to apply by simply blocking funds in their bank accounts rather than making upfront payments.

Key Application Features:

• Mandatory ASBA Process: All investors must use ASBA for applications
• Dematerialized Form Only: Rights entitlements and allotments will be made only in demat form
• Multiple Application Channels: Physical mode at designated SCSB branches or online through SCSB websites
• Plain Paper Applications: Available for eligible shareholders in case of non-receipt of application forms

Regulatory Compliance and Disclaimers

The company has ensured full compliance with regulatory requirements. The Letter of Offer, dated February 18, 2026, has been filed with the stock exchange and submitted to SEBI for information and dissemination.

Important Regulatory Notes:

• SEBI Filing Status: Letter of Offer submitted for information as issue size is below ₹4900 crore threshold
• BSE Listing: Existing shares trade under symbol PADAMCO (ISIN: INE448D01025)
• US Restrictions: Rights and shares not registered under US Securities Act; no US offering intended
• Risk Factors: Detailed risk factors available in Letter of Offer beginning page 23

Key Intermediaries

The rights issue involves several key intermediaries to facilitate the process:

Company Background

Padam Cotton Yarns Limited was incorporated on November 2, 1994, under the Companies Act, 1956, with CIN L17112HR1994PLC033641. The company operates in the textile sector and maintains its registered office in Karnal, Haryana, with corporate office in Ahmedabad, Gujarat.

The company's promoter group includes Mr. Padam Sain Gupta, Mrs. Prem Lata, Mrs. Radhika Gupta, Mr. Rajeev Gupta, Mr. Vivek Gupta, M/s. Vivek Gupta HUF, Mrs. Rekha Gupta, and M/s. Rajeev Gupta HUF.

The rights issue represents a significant capital raising initiative for the company, with the board retaining the right to extend the issue period up to 30 days from the opening date, subject to regulatory requirements.