Multibagger! 2:3 Bonus Issue: Microcap Textile Stock To Ex-Trade Next Week; Shares Jump 246% in 6M

A BSE-listed textile stock, Padam Cotton Yarns Ltd., is in focus as the company has announced a bonus issue scheduled for next week. The shares of Padam Cotton Yarns Ltd. will trade ex-bonus starting March 18, 2025. This means that shareholders holding the stock as of the day before the record date (March 18) will be eligible for the bonus issue.

Padam Cotton Yarns Bonus Issue Details

Padam Cotton Yarns Ltd. announced a bonus issue for its shareholders through a circular dated January 24, 2025. According to the exchange filing, "To issue bonus shares in the ratio of 02:03, i.e., two (02) bonus equity shares of face value of Rs. 10/- each for every three (03) existing equity shares of face value of Rs. 10/- each held by the shareholders of the company as on the record date to be fixed for the bonus issue. The Bonus Issue of Equity Shares is subject to approval of the shareholders and other applicable statutory and regulatory approvals, as may be required."

Padam Cotton Yarns Share Price Movement

Shares of Padam Cotton Yarns Ltd in the latest trading session closed in the green at Rs.159.10, registering a minor gain of 0.094%. Despite trading flat this week with a modest 0.60% increase, the stock has delivered stellar returns over the past six months, skyrocketing 246%. In the last year, Padam Cotton shares have zoomed by a massive 600%, becoming a multibagger stock.

Padam Cotton Yarns Bonus History

Padam Cotton Yarns Ltd. has announced two bonus issues since January 8, 2025. The latest 2:3 bonus issue is set to take effect on March 18, 2025 (ex-date). This means shareholders will receive two additional shares for every three shares they hold on the record date.

About Padam Cotton Yarns Ltd.

Established in 1994, Padam Cotton Yarns Ltd. is a leading player in the textile industry, specializing in the production and distribution of high-quality cotton yarns. The company has built a strong reputation for its premium textile products, catering to both domestic and international markets.