Board approves change in Rights Issue objects; First & Final Call of Rs 37.50/share
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BCC Fuba India board approved reallocation of Rights Issue proceeds. Some imported machinery dropped due to US-Iran war and cheaper domestic alternatives; solar plant capacity upgraded from 470 to 500 KWP. Capital expenditure revised up by Rs 12.91L; general corporate purpose reduced. Total net proceeds unchanged at Rs 3,396.68L. First & Final Call of Rs 37.50/share (incl Rs 32.50 premium) on 45.93L partly paid-up shares, payable May 25-Jun 8, 2026. Record date May 6.
Partly paid-up shareholders must pay Rs 37.50/share by Jun 8 to avoid forfeiture. Fund reallocation is minor; core objects (debt repayment, subsidiary investment) unchanged.