FCFynx Capital507962Rights issue announcement

Rights issue: draft letter of offer and in-principle application shared with BSE

Fynx Capital has shared an in-principle application along with a Draft Letter of Offer with BSE for a proposed rights issue of fully paid-up equity shares.

By ScoutQuest · Tue 27 Oct 2026, 6:40 PM IST · 2 min read

Issue size (figures)

up to 28000.00 lakhs

Issue size (words)

Rupees Eight Thousand Lakhs Only

Board approval date / update date

Board approved on October 26, 2026; update made on October 27, 2026

Rights issue application shared with BSE

The company has shared an in-principle application along with the Draft Letter of Offer with BSE Limited on October 27, 2026, in connection with a proposed rights issue of fully paid-up equity shares to eligible existing shareholders. This follows the Board's approval communicated on October 26, 2026.

Issue size as printed

• Figures: up to 28000.00 lakhs
• Words in brackets: Rupees Eight Thousand Lakhs Only

These two do not match each other. The exact size is best confirmed from the Letter of Offer documents when they are available.

What a rights issue means for a retail holder

• A rights issue offers new shares to existing shareholders, normally in proportion to the shares they already hold.
• An eligible shareholder can either subscribe and pay for the shares offered, or allow the entitlement to lapse.
• A shareholder who does not subscribe may see their percentage holding in the company come down, because new shares are issued to those who do subscribe.

What the update says about the process

• The Board approved the issuance of fully paid-up equity shares by way of a rights issue.
• The company has applied for in-principle approval from BSE and has shared the Draft Letter of Offer.

What to keep an eye on

• The terms of the offer, including how many shares are offered for every share held.
• The price at which the new shares are offered, and how it compares with the current market price.
• The record date and the window during which the offer stays open, so the entitlement is not missed.
• The final size of the issue once BSE's in-principle approval and the Letter of Offer are in place.

The update is a routine intimation under Regulation 30 of the SEBI Listing Regulations and confirms that the rights issue process has moved from Board approval to the exchange-update stage.

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