Padam Cotton Yarns Promoters Request Reclassification to Public Category

Padam Cotton Yarns Limited has received formal requests from eight promoters seeking reclassification from the promoter category to public category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited about these requests on March 25, 2026.

Promoters Seeking Reclassification

The following eight promoters have submitted requests for reclassification, all currently holding zero equity shares in the company:

Name Category Shares Held Percentage Padam Sain Gupta Promoter 0 0% Prem Lata Promoter 0 0% Radhika Gupta Promoter 0 0% Vivek Gupta Promoter 0 0% Vivek Gupta HUF Promoter 0 0% Rajev Gupta Promoter 0 0% Rajev Gupta HUF Promoter 0 0% Rekha Gupta Promoter 0 0%

Regulatory Framework

The reclassification requests are being made under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation allows promoters to seek reclassification to public category under specific conditions and compliance requirements.

Key Undertakings by Promoters

All requesting promoters have provided comprehensive undertakings confirming they:

Do not hold more than ten percent of total voting rights

Do not exercise control over company affairs directly or indirectly

Have no special rights through formal or informal arrangements

Are not represented on the board of directors

Do not act as key managerial persons

Are not wilful defaulters as per RBI guidelines

Are not fugitive economic offenders

Have no pending regulatory actions against them

Compliance Commitments

The promoters have committed to comply with specific SEBI conditions for three years post-reclassification. They have also undertaken to abide by all conditions listed in Regulation 31A of the SEBI LODR Regulations, 2015, following their reclassification.

Next Steps

The Board of Directors of Padam Cotton Yarns Limited will consider these reclassification requests pursuant to Regulation 31A requirements. The company has submitted all necessary documentation to BSE Limited, including the original request letters received from the promoters on March 25, 2026.

This development represents a significant corporate governance milestone as the company transitions its promoter structure in compliance with regulatory frameworks.

RATHOD MANOJ CHHAGANLAL HUF has filed a disclosure with regulatory authorities regarding a substantial share acquisition 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 significant share acquisition transaction through open market operations. The disclosure reveals a strategic increase in shareholding position in the textile company.

Transaction Parameter: Details Transaction Date: 24/03/2026 Mode of Transaction: Open Market Shares Acquired: 3351037 Transaction Value (% of total capital): 1.53%

Shareholding Changes

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

Holding Period: Number of Shares Percentage of Total Capital Voting Rights (%) Before Transaction: 9638963 4.39% 4.39% After Transaction: 6287926 2.86% 2.86% Net Change: +3351037 +1.53% +1.53%

Company and Regulatory Information

Padam Cotton Yarns Limited maintains its listing status on Bombay Stock Exchange Limited. 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. The transaction falls under the substantial acquisition disclosure requirements, 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.

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