Board approves rights issue of up to Rs. 31.50 crore, constitutes Rights Issue Committee

Board meeting held on 9th October, 2026.

Fri 9 Oct 2026

Rights Issue Size

not exceeding Rs. 31.50 Crores

Board Meeting Date

9th October, 2026

Rights Issue Committee

Mr. Manojkumar Choukhany (Chairman), Mr. Manish Agrawal and Ms. Khushbu Bharakatya

Board meeting outcome

The board of Goblin India Ltd met on 9th October, 2026 and approved a rights issue of equity shares of an amount not exceeding Rs. 31.50 Crores (Rupees Thirty-One Crore and Fifty Lakh) to eligible equity shareholders of the company as on the record date.

What the board approved

• Issuance of an amount not exceeding Rs. 31.50 Crores by way of a rights issue of equity shares to the eligible equity shareholders of the company as on the record date, which is to be determined and notified.
• Appointment of various intermediaries for the rights issue.
• Constitution of the Rights Issue Committee — Mr. Manojkumar Choukhany (Chairman), Mr. Manish Agrawal (Member) and Ms. Khushbu Bharakatya (Member) — to proceed with the rights issue and to decide the other terms and conditions, including the record date, rights entitlement ratio, issue price, timing and terms of payment, appointment of intermediaries and other related matters.

What a rights issue means

In a rights issue, a company offers new shares to its existing shareholders, generally in proportion to the shares they already hold. An investor normally needs to hold the shares on the record date fixed for the issue to be eligible to subscribe. The price, ratio and dates are announced separately.

What is decided and what is still to be decided

• Approved: the fundraising route (rights issue) and the maximum amount of Rs. 31.50 Crores, along with the committee that will run the process.
• To be decided by the Board or the Rights Issue Committee: the record date, the rights entitlement ratio, the issue price, the timing and terms of payment, and the total number of securities to be issued.

Details given in the annexure

• Type of securities proposed to be issued: fully paid-up equity shares of the company.
• Type of issuance: rights issue to the eligible equity shareholders of the company as on the record date.
• Total number of securities proposed to be issued or the total amount for which the securities will be issued: to be determined by the Board.

Reading the update together

The decision is to raise money by issuing new equity shares to existing shareholders rather than to the public at large, with an outer limit of Rs. 31.50 Crores on the amount. The terms that determine how the issue affects an individual shareholder — the entitlement ratio and the price — will be settled separately by the Rights Issue Committee.

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