Small-cap stock below ₹100: Padam Cotton Yarns announces 1:10 stock split

Stock Market Today: Small-cap stock below ₹100, Padam Cotton Yarns, announced a 1:10 stock split on Wednesday, April 23.

Padam Cotton Yarns Stock Split Details

In its intimation of the stock split on the exchanges, Padam Cotton Yarns said that the Board of Directors of the company at their meeting held on Wednesday, 23 April, 2025, approved the sub-division/or split of equity shares of the company, such that 1 (One) Equity Share of ₹10/- (Rupees Ten Only) each fully paid up, be sub-divided or split into 10 (Ten) equity shares having face value of Re 1/- (Rupee One Only) each fully paid up, subject to necessary approvals.

Padam Cotton Yarns Stock Split Record Date

The record date for the sub-division or split of existing equity shares shall be decided after obtaining requisite approval of the shareholders of the company and will, however, be intimated in due course, said Padam Cotton Yarns Ltd.

Other Announcements

Padam Cotton Yarns said that the Capital Clause of the Memorandum of Association of the company, will be substituted in the following manner, subject to the approval of the shareholders, in order to accommodate the sub-division or split of the equity shares.

Looking at the proposed stock split, Padam Cotton Yarns said that “The Authorised Share Capital of the Company ₹13,00,00,000/- (Rupees Thirteen Crore Only) divided into 13,00,00,000 (Thirteen crore) Equity Shares of Re. 01/- (Rupees One Only) each with the power to increase and reduce the capital of the company and to divide the shares in the capital.”

Padam Cotton Yarns Share Price Movement

Padam Cotton Yarns share price opened at ₹7,748 on the BSE on Wednesday, slightly higher than the previous day's closing price of ₹76.67. It, however, slipped downwards post the announcement. Padam Cotton Yarns share price hit a low of ₹73 during the intraday trade, which meant a decline of close to 5%.

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