Antarctica Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2026.
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Antarctica Limited's Board of Directors met on May 14, 2026, and approved a rights issue of equity shares worth up to Rs. 69 crore. The company also decided to increase its authorised share capital from Rs. 67 crore to Rs. 87 crore by adding 20 crore new equity shares of Rs. 1 each. A three-member Rights Issue Committee has been constituted to manage the process. The draft Letter of Offer has been approved, and shareholders will vote via postal ballot (cut-off date May 15, 2026) to approve the capital increase. The rights issue is subject to regulatory approvals and shareholder consent.
Existing shareholders face potential dilution as the company raises up to Rs. 69 crore through a rights issue. The capital raise could strengthen the company's balance sheet and fund growth, but investors should monitor the issue price and entitlement ratio once announced.