Rashi Peripherals544119Board key decisions
Board approves authorised capital increase to Rs. 50 crore, up to Rs. 900 crore fund raise, 26% stake sale
Board meeting on November 5, 2026 approved several items: Q2/H1 results (quarter and half year ended September 30, 2026), authorised share capital increase from Rs. 35 crore to Rs. 50,00,00,000, a fund raise of up to Rs. 900 Crores.
By ScoutQuest · · 2 min read
26%RSSPL shareholding for secondary sale
- Authorised share capital increase
- from Rs. 35 crore to Rs. 50,00,00,000
- Fund raise approved
- up to Rs. 900 Crores
- Stake sale in subsidiary
- secondary sale of 26% of Rashi Semiconductor Solutions
The Board of Directors met on November 5, 2026 and approved a set of decisions covering results, capital, fund raising, a stake sale in a subsidiary, and board and auditor changes.
Financial results
- The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, along with the Limited Review Report issued by the auditors.
- The results were reviewed by the Audit Committee and approved by the Board at the meeting.
Authorised share capital
- Approved an increase from Rs. 35 crore (Rupees thirty-five crores) to Rs. 50,00,00,000 (Rupees fifty crores).
- The increase is by creation of an additional 3,00,00,000 (three crores) equity shares of Rs. 5/- each, ranking pari-passu with the existing equity shares, taking the total to 10,00,00,000 (ten crores) equity shares.
- The Board also approved alteration of Clause V (Capital Clause) of the Memorandum of Association. Both steps are subject to the approval of shareholders.
Fund raising
- The Board approved a proposal to raise funds for an aggregate amount not exceeding Rs. 900 Crores through issuance of equity shares by way of a Qualified Institutions Placement (QIP) or preferential issue or other permissible modes.
- Shareholder approval will be sought, and the Board or a duly constituted committee is authorised to decide the terms and conditions of the issue.
Stake sale in semiconductor subsidiary
- The Board approved the authority to execute a Share Purchase Agreement and Shareholders Agreement between Rashi Peripherals Limited and Restar Corporation, Japan, for secondary sale of 26% shareholding of Rashi Semiconductor Solutions Private Limited (RSSPL) by the Company.
- Execution of these agreements is subject to applicable statutory, regulatory and contractual approvals wherever required.
Auditor change
- Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016) was approved as Joint Statutory Auditors to fill a casual vacancy. The vacancy arose from the cessation of M/s. Deloitte Haskins and Sells LLP (FRN 117366W/W-100018), which became ineligible to continue as statutory auditors under Section 141(3)(e) of the Companies Act, 2013.
Board and committees
- Mr. Sanjeev Keskar (DIN 03441367) was appointed Additional Independent Director (Non-Executive) with effect from November 5, 2026, up to the date of the Annual General Meeting to be held in calendar year 2028, subject to shareholder approval.
- The Board approved reconstitution of the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee and Corporate Social Responsibility Committee with effect from November 6, 2026.
Points to note
- The authorised capital increase and the fund raising proposal both still require shareholder approval, so they are proposals at this stage.
- The Restar Corporation arrangement is described as a secondary sale of a 26% shareholding in RSSPL by the Company, and signing of the agreements is subject to statutory, regulatory and contractual approvals.
10,00,00,000+42.9%
Existing7,00,00,000After10,00,00,000
Also from Rashi Peripherals
Board approves fund raise up to Rs. 900 Crores; authorised capital to rise to Rs. 50,00,00,000
5 Nov 2026
Standalone results for the September 30, 2026
5 Nov 2026
Customs order confirms ~Rs. 2.15 crore demand; ~Rs. 87.43 lakh partially dropped
4 Nov 2026
More numbers
- Authorised share capital after increaseRs. 50,00,00,000/-
- Existing authorised share capitalRs. 35,00,00,000/-
- Additional equity shares created3,00,00,000
- Total equity shares after increase10,00,00,000
- Existing equity shares before increase7,00,00,000
- Fund raise size approvedRs. 900 Crores
- RSSPL shareholding proposed for secondary sale26%
- Face value per equity shareRs. 5/-
Source: BSE · 5 Nov 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.