Promoter Group Acquires Shares in Padam Cotton Yarns Ltd, Boosting Stake to 7.99%
Eswara Rao Nandam, Vishaal Nandam, Uma Nandam, and Ajaraya Business Corporation, acting as Persons Acting in Concert (PAC), have completed an acquisition of shares in Padam Cotton Yarns Ltd (TC). The acquisition pertains to the promoter group associated with the company, which is listed on the Bombay Stock Exchange (BSE).The transaction involved the acquisition of shares carrying voting rights by the specified parties. These individuals and entities reported holdings totaling 1,75,27,250 shares, representing 7.99% of the total share/voting capital of Padam Cotton Yarns Ltd. All acquirers' stakes have been recorded as being acquired through the open market.
The involved shareholders and their corresponding acquisitions are detailed below:
| Name | Number of Shares Acquired | Percentage Stake |
|---|---|---|
| Eswara Rao Nandam | 1,75,27,250 | 7.99% |
| Vishaal Nandam | 6,50,000 | 0.30% |
| Uma Nandam | 1,75,27,250 | 7.99% |
| Ajaraya Business Corporation | 1,75,27,250 | 7.99% |
In addition to the direct acquisition of shares carrying voting rights, the entities also acquired shares or other instruments that entitle them to receive voting shares in the TC. This included 6,50,000 such instruments, representing 0.30%, which were also acquired via open market. The date recorded for this acquisition is June 4, 2026.
The total number of encumbered/invoked shares by the acquirers amounted to 1,81,77,250, which corresponds to an 8.28% stake based on the records.
Key operational and capital figures relating to the acquisition and the company’s structure are summarized below:
| Metric | Value (Shares) |
|---|---|
| Total shares carrying voting rights acquired | 175,27,250 |
| Shares acquired through instruments/varrants | 6,50,000 |
| Total encumbered shares by acquirer | 1,81,77,250 |
| Capital/Total Voting Capital of TC post-acquisition | 21,94,70,000 |
Stock Price Movement
As of 12:42, shares of Padam Cotton Yarns Ltd are currently trading at ₹0.98, as the stock dips by 1.01% for the day. The equity has fluctuated throughout the session, swinging between an intraday low of ₹0.98 and a high of ₹1.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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