Description
Padam Cotton Yarns Limited's Board of Directors has extended the Rights Issue closing date 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 Board of Directors approved this extension in a meeting held on March 09, 2026, to give shareholders more time to exercise their rights.
Key Points
- Rights Issue closing date extended from March 09, 2026 to Friday, March 13, 2026
- Board meeting held on March 09, 2026 (09:45 AM to 10:00 AM) approved the extension
- No changes to the Letter of Offer (LOF) or Common Application Form (CAF) except for the revised closing date
- Post-issue activity timetable has been revised accordingly
- Rights Issue originally opened on Monday, March 02, 2026
Regulatory Changes
No regulatory changes. This is an operational update extending the Rights Issue period under the existing Letter of Offer dated February 18, 2026.
Compliance Requirements
- Eligible equity shareholders must submit their duly filled-in Common Application Form (CAF) along with the application amount by Friday, March 13, 2026
- Shareholders must note the revised Issue Closure Date of March 13, 2026
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 provides eligible shareholders of Padam Cotton Yarns Limited four additional days to subscribe to the Rights Issue. The change is limited in market impact as it only affects existing shareholders of this scrip. Post-issue activities (allotment, credit, listing) have been pushed back by approximately four days. No changes to the terms of the Rights Issue itself.
Impact Justification
Extension of rights issue closing date affects existing shareholders of Padam Cotton Yarns Limited who need to submit CAFs; limited broader market impact.