Bhandari Hosiery Exports Limited has informed the Exchange about General Updates
BHANDARI · price
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bhandari Hosiery Exports Limited has completed the allotment of 9,29,06,781 equity shares under its Rights Issue at Rs. 2.56 per share (face value Re. 1, premium Rs. 1.56). The Rights Issue Committee approved the allotment on March 23, 2026, following the Basis of Allotment finalised in consultation with BSE. As a result, the company's paid-up equity capital has increased from Rs. 24.00 crore to Rs. 33.30 crore. The company will now apply for listing of the newly allotted shares. The Letter of Offer for the issue was originally dated February 19, 2026.
The share count has risen by roughly 39%, which may create short-term dilution pressure on existing shareholders. However, the Rs. 2.56 issue price is well below the face value cushion, and once listed, trading activity in the newly allotted shares will depend on subscription and post-issue demand.