Bhandari Hosiery Exports Limited has informed the Exchange about outcome of Right Issue COmmittee meeting
BHANDARI · price
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Bhandari Hosiery Exports has completed its Rights Issue by allotting 9.29 crore equity shares of face value Re. 1 each at Rs. 2.56 per share (including a Rs. 1.56 share premium). The Rights Issue Committee approved the allotment on March 23, 2026, based on the Basis of Allotment finalized with BSE as the Designated Stock Exchange. As a result, the company's paid-up equity capital has risen from Rs. 24.00 crore to Rs. 33.30 crore — a roughly 39% increase. The company will now apply to list the newly allotted shares on the exchanges. The original Letter of Offer was dated February 19, 2026.
Shareholders will see their shareholdings proportionally adjusted as new shares are allotted and listed. The fresh capital raised strengthens the company's equity base, but existing shareholders may experience short-term price pressure as the additional shares increase the total float.