Rights Issue Committee meeting on Oct 15, 2026 to approve issue price, entitlement ratio, record date

Indergiri Finance's Rights Issue Committee meets on Thursday, October 15, 2026 to approve the issue price, entitlement ratio, record date and the issue opening and closing dates.

Mon 12 Oct 2026

Rights Issue Size

up to Rs. 1,000 Lakhs

Committee Meeting Date

Thursday, October 15, 2026

Board Approval Size

fully paid-up equity shares of face value Rs. 10/- each, aggregating up to Rs. 10 Crores

Rights issue committee meeting called

• Indergiri Finance has informed the exchanges that a meeting of its Rights Issue Committee will be held on Thursday, October 15, 2026.
• The meeting is to approve the Issue Price, Entitlement Ratio, Record date, Issue open and closure dates, and other modalities related to the proposed Rights Issue.
• It will also take up other incidental and ancillary matters that the board may decide.

What is already in place

• In-principal approvals have been received from BSE Limited towards the proposed Rights Issue of up to Rs. 1,000 Lakhs (Rupees One Thousand Lakhs Only) to the eligible equity shareholders of the company.
• The Board, at its meeting held on February 10, 2026, had approved the proposal for issuance of fully paid-up equity shares of face value of Rs. 10/- each, aggregating up to Rs. 10 Crores.
• The Board, at the forthcoming meeting, will consider the final terms and modalities of the said Rights Issue.

What a rights issue means for a shareholder

• In a rights issue, a company offers new shares to its existing equity shareholders, usually in proportion to the shares they already hold — this proportion is the entitlement ratio.
• The issue price and the entitlement ratio are the two numbers that decide how much a shareholder has to pay to subscribe.
• A shareholder who does not subscribe may see their share of the company reduce once the new shares are allotted; a shareholder who subscribes pays for the additional shares.

Trading window

• The Trading Window for dealing in the securities of the company shall remain closed till 48 hours after conclusion of the Board Meeting.

What to watch for

• The key details to look for from the October 15, 2026 meeting are the issue price, the entitlement ratio, the record date and the issue opening and closing dates.
• The size of the issue stands at up to Rs. 1,000 Lakhs, as per the in-principal approvals received, and up to Rs. 10 Crores as approved by the Board on February 10, 2026.

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