RPRashi Peripherals544119QIP fundraising

Board approves fund raise up to Rs. 900 Crores; authorised capital to rise to Rs. 50,00,00,000

Board Meeting outcome, November 5, 2026 — multiple decisions.

By ScoutQuest · Thu 5 Nov 2026, 8:16 PM IST · 3 min read

Fund Raise Size

up to Rs. 900 Crores via QIP, preferential issue or other permissible modes

Authorised Share Capital

from Rs. 35 crore to Rs. 50,00,00,000

Secondary Stake Sale

26% of Rashi Semiconductor Solutions to Restar Corporation, Japan

Board meeting outcome, November 5, 2026

The Board of the company met on Thursday, November 5, 2026 and approved a set of decisions covering fund raising, share capital, a stake sale, quarterly results and audit appointments. The meeting ran from 4:30 p.m. to 6:30 p.m. (IST).

Fund raising of up to Rs. 900 Crores

• The Board considered and approved a proposal to raise an aggregate amount not exceeding Rs. 900 Crores by issuing equity shares.
• The routes named are a Qualified Institutions Placement (QIP), a preferential issue, or other permissible modes.
• The issue is subject to approval of the shareholders. The Board or a duly constituted committee has been authorised to decide the terms and conditions.

In simple terms: the company plans to issue new equity shares to bring in money. The price, the timing and the number of shares are to be decided later, and shareholders will be asked to approve the fund raise.

Authorised share capital to go up

• Existing: Rs. 35 crore divided into 7,00,00,000 equity shares.
• Proposed: Rs. 50,00,00,000 divided into 10,00,00,000 equity shares of Rs. 5/- each.
• This is done by creation of 3,00,00,000 additional equity shares of Rs. 5/- each, ranking pari-passu with the existing equity shares.
• The Board also approved alteration of Clause V (Capital Clause) of the Memorandum of Association, subject to approval of the shareholders.

Authorised share capital is the ceiling up to which a company may issue shares; it is not money raised. A higher ceiling creates room to issue the new shares for the fund raise.

Restar Corporation and RSSPL

• The Board approved the authority to execute a Share Purchase Agreement and Shareholders Agreement between the company and Restar Corporation, Japan.
• These relate to a secondary sale of 26% shareholding of Rashi Semiconductor Solutions Private Limited (RSSPL) by the company.
• Execution of the agreements is subject to the applicable statutory, regulatory and contractual approvals wherever required.

A secondary sale here means the company is selling part of its existing holding in RSSPL, rather than RSSPL issuing fresh shares to the buyer.

Results and other board items

• Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026 were reviewed by the Audit Committee and approved by the Board, along with the Limited Review Report issued by the auditors.
• 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 the calendar year 2028, subject to approval of the shareholders.
• Price Waterhouse Chartered Accountants LLP (FRN 012754N/N500016) was appointed Joint Statutory Auditors to fill the casual vacancy arising from the cessation of Deloitte Haskins and Sells LLP, consequent upon the latter becoming ineligible to continue in accordance with Section 141(3)(e) of the Companies Act, 2013.
• 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 fund raise and the increase in authorised share capital both require shareholder approval before they can proceed, so the terms are not final yet.
• When a QIP or preferential issue is priced, it can change the number of shares in circulation. The issue price and the number of shares allotted would determine how existing holdings are affected.
• The 26% secondary sale is at the stage of authority to execute the agreements, and remains subject to the applicable statutory, regulatory and contractual approvals wherever required.

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