Allotment of Equity Shares on Rights Basis
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has allotted 2,39,76,000 fully paid-up equity shares through a rights issue at Rs. 10 per share, which is the same as the face value (issued at par). The issue was offered in the ratio of 6 rights shares for every 1 existing share held as on the record date of January 30, 2026. Following this allotment, the company's paid-up equity capital has increased from Rs. 3.99 crore (39.96 lakh shares) to Rs. 27.97 crore (2.797 crore shares), a roughly 7-fold expansion in the share base. The allotment was finalised in consultation with the registrar (KFin Technologies) and approved by BSE as the designated stock exchange.
The rights issue was priced at par, meaning existing shareholders had to invest more capital without any immediate price benefit, and the share count has multiplied by 7, which will dilute earnings per share significantly. Shareholders who did not subscribe will see their effective stake drop to about 14% of the expanded capital.