Board approves allotment of 89,84,000 equity shares at ₹20 each under rights issue
Rights issue completed.
- Shares Allotted
- 89,84,000 fully paid-up equity shares
- Face Value
- ₹10 each
- Issue Price
- ₹20 per share
- Paid-up Capital Before
- ₹8,98,56,280
- Paid-up Capital After
- ₹17,96,96,280
What happened
The Board of Directors met on September 30, 2026 (8:00 p.m. to 8:30 p.m.) and approved the allotment of shares under the company's rights issue.
- Shares allotted: 89,84,000 fully paid-up equity shares
- Face value: ₹10 each
- Issue price: ₹20 per equity share
- Offer size in the Letter of Offer: up to 89,85,628 equity shares
- Allottees: eligible equity shareholders and Renouncees
Capital structure change
Paid-up equity share capital increases from ₹8,98,56,280 to ₹17,96,96,280 with the addition of 89,84,000 equity shares.
How to read this
A rights issue offers new shares to existing shareholders, usually at a set price. Here almost the entire offered quantity was taken up. The share count roughly doubles, so existing holders who did not subscribe will see their percentage holding reduced, while the company receives fresh funds. The basis of allotment was finalised with the Registrar, Skyline Financial Services Private Limited, and BSE as the Designated Stock Exchange.
More numbers
- Shares allotted89,84,000
- Issue price per share₹20
- Face value per share₹10
- Offer size (up to)89,85,628
- Paid-up capital before₹8,98,56,280
- Paid-up capital after₹ 17,96,96,280
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