Board approves rights issue of partly paid equity shares up to ₹ 9,000 million
Board meeting of Evonile Pharma held on November 04, 2026.
By ScoutQuest · · 1 min read
- Aggregate Rights Issue Amount
- up to ₹ 9,000 million (Rupees Nine Thousand Million only)
- Board Meeting Date
- November 04, 2026
- Instrument
- rights issue of partly paid-up equity shares
What the board approved
- A rights issue of partly paid-up equity shares, termed Rights Equity Shares, to the eligible equity shareholders of the company.
- The aggregate amount is up to ₹ 9,000 million (Rupees Nine Thousand Million only).
- The decision follows the board's earlier approval of the issuance recorded at its meeting on October 08, 2026.
Who fixes the remaining terms
A Rights Issue Committee has been authorised to decide the other terms and conditions of the rights issue. This includes the record date, the issue price, the right entitlement ratio and other related matters, within applicable laws including the SEBI ICDR Regulations.
Other items cleared at the meeting
- The payment schedule for the issue.
- The utilisation of the issue proceeds.
- The Letter of Offer, to be shared with BSE Limited and SEBI, and dispatched to eligible equity shareholders.
What partly paid-up shares mean for a shareholder
In a partly paid-up issue, the shareholder pays for the shares in stages rather than all at once. The payment schedule approved by the board sets the timing and amounts of these instalments. The issue price and entitlement ratio, once decided, will determine how many shares an eligible shareholder can apply for and at what cost.
Key figure to track
- ₹ 9,000 million: the maximum aggregate amount the company proposes to raise through this rights issue.
Also from Evonile Pharma
Rights Issue Record Date Fixed at November 11, 2026; 5:12 Entitlement at INR 860 per Share
4 Nov 2026
Rights issue record date fixed at November 11, 2026; price INR 860 per share, ratio 5:12
4 Nov 2026
Audio recording of earnings call on Q2 and half-year results put on company website
4 Nov 2026
More numbers
- Aggregate size of the rights issue₹ 9,000 million
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.