Allotment of Equity Shares on Rights Basis
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has completed its rights issue, allotting 2,39,76,000 fully paid-up equity shares at Rs. 10 per share (issued at par, equal to face value). The shares were allotted in a ratio of 6 rights shares for every 1 existing share held, with the record date being January 30, 2026. As a result, the company's paid-up equity share capital has increased from Rs. 3.99 crore (39.96 lakh shares) to Rs. 27.97 crore (2.79 crore shares), a 7-fold expansion. The allotment was approved by the Rights Issue Committee on February 25, 2026, based on the Letter of Offer dated January 29, 2026.
Existing shareholders who did not subscribe to the rights issue will see their stake diluted by about 85.7%. Shareholders who want to maintain their proportional ownership would need to invest additional capital, as the issue was priced at par with no apparent discount.