Eswara Rao Nandam buys 8.28% of Padam Cotton Yarns in a day.
The open-market purchases make the zero-to-big-block holder the largest single shareholder in a nano-cap with no promoter.
— 1 earlier story on Padam Cotton Yarns Ltd. →What's new
- Eswara Rao Nandam and PACs acquired 1.82 crore shares of Padam Cotton Yarns on June 4.
- The purchase, made on the open market, gives them an 8.28% stake in the company.
- Padam Cotton Yarns has no promoter group and is undergoing a corporate overhaul.
Why this matters
For a company with a ₹22 crore market cap and no promoter, an 8.28% stake from a single entity is a major development. It instantly makes Nandam a significant voice. The acquisition could influence the company's strategic direction, especially during its ongoing business expansion and name change.
What we're watching
- Whether Nandam discloses any further buying or a longer-term plan for the stake.
- Padam Cotton Yarns' next corporate action, now with a new influential shareholder.
- Any response from the company's board or other large shareholders.
The full read
Eswara Rao Nandam bought 1.82 crore shares of Padam Cotton Yarns on June 4. That's 8.28% of the company. In a nano-cap with a market cap of just ₹22 crore, an 8% block is a seismic shift. Nandam went from zero to the single largest shareholder in a day. The company has no promoter group, meaning this new stake carries outsized weight. Padam is in the middle of a corporate overhaul with a name change and business expansion underway. A new major shareholder can now push strategy, question management, or simply hold the board to account. This isn't a block deal or preferential allotment. It's open-market buying, which suggests deliberate accumulation. The filing is a disclosure under SEBI takeover rules, but the real story is about power shifting on the cap table of a company that previously had no dominant holder.
Questions answered
- Who bought the stake and how much did they acquire?
- Eswara Rao Nandam, along with persons acting in concert, bought 1.82 crore shares on June 4. This took their holding from zero to 8.28% of Padam Cotton Yarns.
- Why is this stake significant for the company?
- Padam Cotton Yarns is a nano-cap with a ₹22 crore market cap and has no promoter group. An 8.28% stake from a new, substantial shareholder immediately alters the ownership structure and gives them significant influence.
- How did the acquisition take place?
- The shares were acquired through open-market purchases, not via a block deal or preferential allotment, as disclosed under SEBI takeover regulations.
- What is Padam Cotton Yarns' current corporate situation?
- The company has recently changed its name and is undergoing a business expansion. It operates in the textile sector and has no identified promoter group.
Story so far
All notes on PADAMCO →- 5 Jun 2026 · 12:29 PM IST Eswara Rao Nandam buys 8.28% of Padam Cotton Yarns in a day.
- 5d ago Padam Cotton Yarns rebrands to Padam Industries, adds agri-trading and entertainment