Approval of terms of Rights Issue and Fixation of Record Date by Rights Issue Committee of the Board of Directors.
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has finalised terms of its proposed Rights Issue worth about Rs. 24 Crores. The company will issue 2,39,76,000 fully paid-up equity shares at Rs. 10 per share (face value), in the ratio of 6 rights shares for every 1 existing share held. This will expand the total outstanding shares from about 39.96 lakh to nearly 2.80 crore. The record date to determine eligible shareholders is January 30, 2026. The issue price being set at face value suggests it is priced at a steep discount to any prevailing market price, making the entitlement potentially attractive on paper but also highly dilutive.
Existing shareholders will need to decide whether to invest further or let their rights lapse. Because the issue is priced at face value (Rs. 10), the stock could face significant short-term dilution and downward price pressure after the record date as the market adjusts for the massive 7x expansion in share count.