Rights Issue Committee to meet on October 26 to decide issue price, entitlement ratio and record date
Fresita Proteins has called a meeting of its Rights Issue Committee on Monday, October 26, 2026.
By ScoutQuest · · 2 min read
- Committee Meeting Date
- Monday, October 26, 2026
- Rights Issue Size
- not exceeding Rs. 90 Crore
- Face Value
- ₹10 each
What was announced
The company has called a meeting of its Rights Issue Committee on Monday, October 26, 2026. The committee will consider, discuss and decide the specific terms of the rights issue — the issue price and the related payment mechanism, the rights entitlement ratio, the record date and the timing of the issue.
Background
The Board, at its meeting on Wednesday, August 05, 2026, approved the issue of equity shares of face value of ₹10 each by way of a rights issue for an amount not exceeding Rs. 90 Crore. The issue is proposed to be made under the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable laws.
What a rights issue means
- In a rights issue, a company offers new shares first to its existing shareholders, usually in proportion to the shares they already hold.
- The entitlement ratio decides how many new shares a holder can apply for against each share held — for example, a ratio of 1:2 would mean one new share for every two shares held.
- The issue price is the rate at which these new shares are offered, and it is fixed by the committee.
Why this meeting matters
- The price, the ratio and the record date together decide how much a shareholder has to pay and how many shares they are entitled to.
- The record date fixes the cut-off for eligibility — holders on the register on that date are the ones entitled to participate.
- Until the committee meets, the terms of the offer are not yet fixed by this update.
Trading window
- The company has told its directors, designated persons and their immediate relatives that the trading window for dealing in the company's equity shares is closed from Monday, October 26, 2026 till the expiry of 48 hours after the conclusion of the board meeting.
What shareholders can do
- Watch for the committee's decisions on price, ratio and record date, and compare them with the terms on which the shares are currently held.
- Participating in a rights issue usually requires applying and paying within the window the company announces; not applying may reduce your percentage holding if others subscribe.
Also from Fresita Proteins
Board meeting on 30th October, 2026 to consider September-quarter results and registered office shift
23 Oct 2026
More numbers
- Maximum size of the rights issueRs. 90 Crore
- Face value per rights equity share₹10
- Trading window closure after board meeting48 hours
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