Description
Padam Cotton Yarns Limited has extended the closing date of its ongoing Rights Issue from March 09, 2026 to March 13, 2026, following a Board of Directors meeting held on March 09, 2026.
Summary
Padam Cotton Yarns Limited (BSE Scrip Code: 531395) has extended the closing date of its Rights Issue from March 09, 2026 to March 13, 2026. The Board of Directors approved this extension at a meeting held on March 09, 2026 (09:45 AM to 10:00 AM) to provide shareholders additional time to exercise their rights. The Letter of Offer and Common Application Form remain unchanged except for the revised Issue Closing Date and resultant post-issue activity timetable.
Key Points
- Rights Issue originally scheduled to close on March 09, 2026; extended to Friday, March 13, 2026
- Issue opened on Monday, March 02, 2026 per the Letter of Offer dated February 18, 2026
- Extension approved by the Board of Directors on March 09, 2026
- All other terms of the LOF and CAF remain unchanged
- Eligible equity shareholders must submit duly filled-in Common Application Form (CAF) along with application money by March 13, 2026
Regulatory Changes
No regulatory changes. This is a company-level administrative decision to extend the Rights Issue closure date. The revision only affects the Issue Closing Date and the indicative timetable for post-issue activities.
Compliance Requirements
- Equity shareholders entitled to participate in the Rights Issue must submit their CAF (with application amount) by Friday, March 13, 2026
- The company has notified BSE Limited’s Listing Department as required under listing obligations
Important Dates
| Event | Date |
|---|---|
| Issue Opening Date | Monday, March 02, 2026 |
| Last Date for On-Market Renunciation of Right Entitlements | 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 has minimal market impact and is limited to existing shareholders of Padam Cotton Yarns Limited. Shareholders who had not yet applied now have until March 13, 2026 to submit their CAFs. The post-issue timeline (allotment, credit, and listing) shifts by approximately four days. No changes to the terms, pricing, or structure of the Rights Issue have been made.
Impact Justification
Routine administrative extension of a rights issue closing date for a small-cap company; affects only existing shareholders of Padam Cotton Yarns Limited with no broader market implications.