Padam Cotton Yarns Limited Receives Requests for Promoter Re-Classification
Padam Cotton Yarns Limited announced on March 25, 2026, that it received requests from several individuals belonging to the Promoter and Promoter Group for re-classification from 'Promoter/Promoter Group' to 'Public Category'. The Board of Directors will consider these requests.The individuals and their current shareholding details are as follows:
| S. No. | Name of Promoter/Promoter Group | Category | No. of shares held | Percentage of the total equity |
|---|---|---|---|---|
| 1 | Padam Sain Gupta | Promoter | 0 | 0 |
| 2 | Prem Lata | Promoter | 0 | 0 |
| 3 | Radhika Gupta | Promoter | 0 | 0 |
| 4 | Vivek Gupta | Promoter | 0 | 0 |
| 5 | Vivek GuptaHUF | Promoter | 0 | 0 |
| 6 | Rajev Gupta | Promoter | 0 | 0 |
| 7 | Rajev GuptaHUF | Promoter | 0 | 0 |
| 8 | Rekha Gupta | Promoter | 0 | 0 |
| Total | Total | 0 | 0 |
The individuals have confirmed they do not hold more than ten percent of the total voting rights of the Company, do not exercise control over the company's affairs, and do not have special rights through formal or informal arrangements. They also confirm they are not represented on the board of directors, are not willful defaulters, key managerial persons, or fugitive economic offenders, and have no pending regulatory actions against them. They have committed to complying with conditions outlined in Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, both immediately and for a period of three years post re-classification.
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