Board withdraws proposed rights issue of up to ₹1,600 lakhs; no Letter of Offer issued, no application monies received

Atal Realtech has withdrawn its proposed rights issue of equity shares.

Tue 6 Oct 2026

Issue Size

aggregating up to ₹1,600 lakhs

Face Value

equity shares of face value ₹2 each

Board Meeting Date

Tuesday, October 06, 2026

The company has decided not to go ahead with the rights issue it had proposed. In a letter to BSE Limited and the National Stock Exchange of India Limited, Atal Realtech Limited said its Board of Directors, at its meeting held on Tuesday, October 06, 2026, decided to withdraw the proposed rights issue of equity shares and not to proceed further with it.

What was proposed

• The company had shared a Draft Letter of Offer with the stock exchanges for a proposed rights issue of equity shares of face value of ₹2 each, aggregating up to ₹1,600 lakhs.
• That plan followed the approval of the Board of Directors dated August 17, 2026.

Why the withdrawal

• The update states the decision was taken in view of the prevailing unfavourable market conditions and certain business considerations.

What the company has confirmed

• As on date, the company has not issued the Letter of Offer.
• It has not opened the Issue.
• It has not issued or credited any Rights Entitlements.
• It has not received any application monies in connection with the Issue.
• Accordingly, in the company's own words, no investor or shareholder is affected by this withdrawal.

What a rights issue is

A rights issue is an offer of new shares to existing shareholders, usually in proportion to their current holding and at a set price, giving them a chance to put more money into the company and keep their share of ownership intact. Because this one had not opened and no entitlements had been created, shareholders had not been asked to pay anything.

Next step sought

The company has requested the stock exchanges to take this withdrawal on record, to treat the Draft Letter of Offer shared with them as withdrawn, and to close the application it had made in respect of the Issue. The Board meeting commenced at 04:00 p.m. and concluded at 05:10 p.m.

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