Rights Issue Committee meeting on October 07, 2026 to consider Issue Price, Entitlement Ratio

The Board approved a Rights Issue of partly paid-up equity shares for an amount not exceeding Rs. 30 Crores at its meeting on October 01, 2026.

Thu 1 Oct 2026

Rights Issue Size

not exceeding Rs. 30 Crores

Share Type

partly paid-up equity shares

Face Value

Rs.10/- each

Board Approval Date

October 01, 2026

Rights Issue Committee Meeting Date

October 07, 2026

What the company has informed

The company has given prior intimation that a meeting of the Rights Issue Committee of its Board of Directors is scheduled for Thursday, October 07, 2026. At this meeting, the committee will consider the Issue Price, the Entitlement Ratio and other modalities related to the Rights Issue. This is subject to receipt of in-principle approval from the stock exchanges and/or such other regulatory approvals as may be required.

What has already been approved

• The Board of Directors, at its meeting held on Thursday, October 01, 2026, approved a Rights Issue of partly paid-up equity shares for an amount not exceeding Rs. 30 Crores.
• The shares have a face value of Rs.10/- each.
• The offer is to the eligible equity shareholders of the company.

What is to be considered at the committee meeting

• Issue Price
• Entitlement Ratio
• Other modalities related to the Rights Issue

What a rights issue means, in simple terms

In a rights issue, a company offers new shares to its existing shareholders. The Entitlement Ratio decides how many new shares a shareholder is entitled to against the shares already held, and the Issue Price decides the price at which those new shares are offered. Both are yet to be considered by the committee.

Why partly paid-up matters

Partly paid-up shares are shares for which the shareholder pays only a part of the amount at the time of allotment, with the balance payable later as and when the company calls for it. The split of how much is payable now and how much later is among the modalities connected with the issue.

Points to keep in view

• The Issue Price and Entitlement Ratio are to be considered at the October 07, 2026 meeting.
• The Rights Issue is subject to in-principle approval from the stock exchanges and/or such other regulatory approvals as may be required.
• A rights issue adds to the number of shares in issue once allotted, which can change the percentage holding of shareholders who do not subscribe.

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