Antarctica Limited has informed the Exchange about General Updates
ANTGRAPHIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Antarctica Limited's Board approved a Rights Issue to raise up to Rs. 69 crore through issuance of equity shares of Rs. 1 each to existing shareholders. The Board also approved increasing the Authorised Share Capital from Rs. 67 crore to Rs. 87 crore (adding 20 crore new shares), subject to shareholder approval via Postal Ballot. A three-member Rights Issue Committee has been constituted to manage the process, including appointing intermediaries and finalising the issue price and entitlement ratio. The record date for the Postal Ballot is May 15, 2026. The Draft Letter of Offer has been approved for filing with NSE.
The Rights Issue will dilute existing shareholders unless they subscribe. The capital increase signals the company is preparing for significant fund mobilisation. Shareholders should expect further details on pricing and timelines once the record date is notified.