Sachin Modi Acquires Shares in Padam Cotton Yarns Ltd.
Padam Cotton Yarns Limited announced that Sachin Govindlal Modi has acquired shares in the company, triggering a disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The acquisition, which concluded on March 18, 2026, involved the purchase of 1,47,50,000 shares, representing 5.51% of the company’s share/voting capital and 5.51% of the diluted share/voting capital.
Prior to the acquisition, Sachin Govindlal Modi’s holdings were zero. Following the transaction, his holdings remain at 1,47,50,000 shares, or 5.51% of the total share/voting capital and diluted share/voting capital.
Padam Cotton Yarns Limited's total equity share capital/total voting capital stands at Rs. 21,94,70,000, equivalent to 21,94,70,000 equity shares of Re. 1 each. The total diluted share/voting capital also amounts to Rs. 21,94,70,000, with 21,94,70,000 equity shares of Re. 1 each. The acquired shares are part of the promoter group.
Sachin Govindlal Modi’s PAN is on record. The announcement was made from Ahmedabad on March 18, 2026.
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