Description
The Board of Directors of Padam Cotton Yarns Limited has extended the closing date of its ongoing Rights Issue from March 09, 2026 to March 13, 2026, providing shareholders additional time to exercise their rights.
Summary
Padam Cotton Yarns Limited (Scrip Code: 531395) has extended the closing date of its ongoing Rights Issue from March 09, 2026 to March 13, 2026. The decision was made by the Board of Directors in a meeting held on March 09, 2026. All other terms of the Letter of Offer (LOF) and Common Application Form (CAF) remain unchanged.
Key Points
- Rights Issue closing date extended from March 09, 2026 to Friday, March 13, 2026
- The extension was approved by the Board of Directors in a meeting held on March 09, 2026 (09:45 AM to 10:00 AM)
- Rights Issue originally opened on Monday, March 02, 2026
- Last date for submission of duly filled-in CAF (with application amount) is now March 13, 2026
- No changes to the LOF or CAF except the Issue Closing Date and resultant post-issue timetable
- Reference: Letter of Offer dated February 18, 2026
Regulatory Changes
No regulatory changes. This is an administrative extension of the Rights Issue closing date as permitted under applicable SEBI regulations, approved by the Board of Directors.
Compliance Requirements
- Eligible equity shareholders must submit their duly filled-in Common Application Form (CAF) along with the application amount on or before Friday, March 13, 2026
- Shareholders wishing to renounce rights on-market must do so by Wednesday, March 04, 2026 (no change)
- Off-market transfer of rights entitlements must be completed by Thursday, March 12, 2026
Important Dates
| Event | Date |
|---|---|
| Issue Opening Date | Monday, March 02, 2026 |
| Last Date for On-Market Renunciation | Wednesday, March 04, 2026 |
| Last Date for Off-Market Transfer of Rights Entitlements | Thursday, March 12, 2026 |
| Issue Closing Date (revised) | Friday, March 13, 2026 |
| Finalising Basis of Allotment | Monday, March 16, 2026 |
| Date of Allotment (on or about) | Monday, March 16, 2026 |
| Date of Credit of Right Equity Shares (on or about) | Tuesday, March 17, 2026 |
| Date of Listing (on or about) | Wednesday, March 18, 2026 |
Impact Assessment
The extension provides existing equity shareholders of Padam Cotton Yarns Limited an additional four days to exercise their rights or renounce entitlements. The impact is limited to shareholders of this scrip. Post-issue milestones (allotment, credit, listing) have been adjusted accordingly but remain within a short window following the new closing date. No broader market impact is anticipated.
Impact Justification
Directly affects shareholders of Padam Cotton Yarns Limited who need to act on their rights entitlements; extension provides additional time but does not alter other issue terms.