Rights Issue Committee approves allotment of 3 crore partly paid-up equity shares
Rights Issue Committee of Century Extrusions Ltd met on October 22, 2026 and approved allotment of equity shares on a rights basis to eligible applicants.
By ScoutQuest · · 2 min read
- Shares Allotted
- 3 crore partly paid-up equity shares allotted
- Face Value
- ₹ 1/- each
- Issue Price
- ₹ 15 per Equity Share, including premium of ₹14 per Equity Share
Allotment approved by the Rights Issue Committee
The Rights Issue Committee of the Board of Directors of Century Extrusions Ltd met on October 22, 2026 and approved the allotment of equity shares on a rights basis to eligible applicants. The meeting ran from 07:30 P.M. to 07:50 P.M.
Terms of the allotment
- Number of shares allotted: 3 crore partly paid-up equity shares
- Face value: ₹ 1/- per equity share
- Issue price: ₹ 15 per Equity Share, which includes a premium of ₹14 per Equity Share
- Basis: the Letter of Offer dated September 08, 2026 and the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE Limited, the designated stock exchange for the rights issue
What a rights issue means
In a rights issue, eligible existing shareholders are offered new shares of the company, usually in proportion to what they already hold and at a stated price. Here that price is ₹ 15 per share against a face value of ₹ 1/-. This update marks the step where the shares are actually allotted to the eligible applicants who took up the offer.
What partly paid-up means
- The shares being allotted are described as partly paid-up equity shares.
- In general, a partly paid-up share is one where the shareholder has not yet paid the full issue price; the balance is called up later by the company.
- For a holder, this means the amount paid at allotment and the amount payable on later calls can be different, and the unpaid balance remains an obligation.
How to read this update
- The figures to focus on are the 3 crore shares allotted, the ₹ 1/- face value, the ₹ 15 issue price and the ₹14 premium per share.
- The allotment is consistent with the earlier Letter of Offer dated September 08, 2026, so the terms are the ones set out for this rights issue.
- Because the shares are partly paid-up, the amount actually collected now is not the same as the total issue price, and future calls would be the point to track.
Also from Century Extrusions
Rights Issue closing date extended by 7 days to October 21, 2026
7 Oct 2026
More numbers
- Partly paid-up equity shares allotted on rights basis3,00,00,000
- Face value per equity share₹ 1/-
- Issue price per equity share₹ 15 per Equity Share
- Premium per equity share included in issue price₹14 per Equity Share
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