Description
Padam Cotton Yarns Limited (BSE: 531395) 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 (BSE Scrip Code: 531395) has announced the extension of its Rights Issue closing date from March 09, 2026 to March 13, 2026. The Board of Directors resolved this extension during a meeting held on March 09, 2026, to provide shareholders additional opportunity to exercise their rights. No other terms of the Letter of Offer (LOF) or Common Application Form (CAF) have changed.
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 had originally opened on Monday, March 02, 2026
- Last date for submission of duly filled Common Application Form (CAF) with application amount is now March 13, 2026
- No changes to the LOF or CAF except for the updated Issue Closing Date and resultant post-issue timetable
Regulatory Changes
No regulatory changes. This is an internal corporate action — the company exercised its discretion to extend the Rights Issue period under applicable SEBI regulations governing rights issues.
Compliance Requirements
- Equity shareholders entitled to participate in the Rights Issue must submit their duly filled 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 (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 |
| Finalisation of 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 is a shareholder-friendly measure providing additional time for eligible equity shareholders to apply under the Rights Issue. The downstream post-issue timeline (allotment, credit, listing) shifts by approximately four days accordingly. The broader market impact is limited as this affects only existing shareholders of Padam Cotton Yarns Limited, a smaller listed entity. No change to issue price, ratio, or other material terms.
Impact Justification
Extension affects only existing shareholders of Padam Cotton Yarns Limited with limited broader market impact; relevant to rights issue applicants who gain additional time to submit CAFs.