Fynx Capital507962Rights issue announcement

Board approves rights issue of up to Rs. 80,00,00,000 in 4:1 ratio

FynX Capital Ltd's board has approved fund raising by way of a rights issue.

By ScoutQuest · Mon 26 Oct 2026, 5:41 PM IST · 3 min read

Issue Size (Value): not exceeding Rs. 80,00,00,000/- (Rupees Eighty Crores only)
Issue Size (Shares): 80 crore equity shares of Rs. 1/- each
Rights Ratio: 4:1 — 4 (Four) rights equity shares for every 1 (One) fully paid-up equity share held

What the company told the exchange

FynX Capital Limited, formerly Rajath Finance Limited (BSE scrip code 507962), has informed BSE that its Board of Directors, at a meeting held on 26 October 2026, approved fund raising by way of a rights issue. The Board has also constituted a Rights Issue Committee and delegated to it the authority to consider and approve the Draft Letter of Offer and to do all other acts necessary in that connection.

The terms as disclosed

Amount: approximately for a value not exceeding Rs. 80,00,00,000/- (Rupees Eighty Crores only)
Instruments: 80 crore equity shares of Rs. 1/- each, with a face value of Rs. 1/- per share
Who is offered the shares: existing shareholders of the company, in proportion to their holdings, on a fully paid-up basis
Ratio: 4:1 — 4 (Four) rights equity shares for every 1 (One) fully paid-up equity share held
Cut-off: shareholders of the company as on the Record Date

What a rights issue is

A rights issue is a way for a listed company to raise fresh money from the people who already own its shares. New equity shares are offered to existing shareholders first, usually in a fixed proportion to what they already hold. Here the proportion is four new shares for every one share held.

Eligible shareholders typically have three routes: take up the offer and pay for the new shares, transfer (renounce) the entitlement to someone else where the terms allow it, or do nothing and let the entitlement lapse once the offer closes. The choice made affects how much of the company that shareholder ends up holding.

Why the ratio matters

The 4:1 ratio means the number of shares on offer is large relative to the current holding of each shareholder. A shareholder who takes up the full entitlement keeps their proportional slice of the company; a shareholder who does not take up any of it ends up with a smaller percentage of a larger share base.

What happens next

The Rights Issue Committee is authorised to consider and approve the Draft Letter of Offer. That document is where the full terms shareholders act on are set out. The Record Date, which fixes who is eligible, is also part of the process the company has said it will follow.

What to watch

The issue is described as approximately for a value not exceeding Rs. 80,00,00,000/-, so the eventual size is stated as a ceiling.
The number of shares to be issued, 80,00,00,000, is very large in relation to the Rs. 1/- face value per share, so the share count of the company changes materially if the issue is fully taken up.
Shares issued in a rights issue rank with the existing equity shares once allotted and paid for.

In short

This is a board-level approval to raise equity capital from existing shareholders through a rights issue, with a ceiling of Rs. 80,00,00,000/- and a 4:1 entitlement ratio. The mechanics shareholders need — application, payment and dates — sit in the Draft Letter of Offer that the Rights Issue Committee is authorised to approve.

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