Description
Padam Cotton Yarns Limited's Board of Directors has extended the closing date of its ongoing Rights Issue from March 09, 2026 to March 13, 2026, revising the post-issue timetable accordingly.
Summary
Padam Cotton Yarns Limited (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 in a meeting held on March 09, 2026, to provide additional time for shareholders to exercise their rights. 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
- Board meeting held on March 09, 2026 (09:45 AM – 10:00 AM) approved the extension
- Rights Issue originally opened on Monday, March 02, 2026
- The Letter of Offer dated February 18, 2026 remains unchanged except for the closing date
- Eligible equity shareholders must submit duly filled Common Application Forms (CAF) with application money by March 13, 2026
- Post-issue timetable has been revised consequentially
Regulatory Changes
No regulatory changes. This is an administrative extension of the Rights Issue schedule by the company’s Board of Directors under applicable SEBI regulations governing rights issues.
Compliance Requirements
- Eligible equity shareholders must submit their CAF (along with application money) on or before Friday, March 13, 2026
- Shareholders wishing to renounce their rights entitlements on-market must do so by Wednesday, March 04, 2026 (unchanged)
- 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 eligible shareholders of Padam Cotton Yarns Limited an additional four days to exercise their rights. This is a routine administrative action with no change to the financial terms of the Rights Issue. Shareholders who have already submitted their CAFs are unaffected. The revised post-issue schedule pushes allotment, credit, and listing dates by approximately four days. Market impact is limited to existing shareholders of the company.
Impact Justification
Extension of a rights issue closing date affects existing shareholders who need to act before the new deadline; limited broader market impact but material for eligible shareholders of this specific company.