Bhandari Hosiery Exports Limited has informed the Exchange regarding ''. allotment of 9,29,06,781 Equity Shares at its right issue committee meeting held on 23.03.2026.
BHANDARI · price
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Bhandari Hosiery Exports has completed the allotment of 9,29,06,781 equity shares (face value Re. 1 each) under its rights issue at Rs. 2.56 per share, which includes a share premium of Rs. 1.56 per share. The allotment was approved by the Rights Issue Committee on March 23, 2026, based on the Letter of Offer dated February 19, 2026, with BSE as the Designated Stock Exchange. As a result, the paid-up equity share capital has risen from Rs. 24.00 crore to Rs. 33.29 crore, an increase of about 39% in the share base. The company will now apply for listing of the newly allotted shares on the stock exchanges.
Existing shareholders who did not subscribe to the rights issue will see their stake diluted by roughly 28%, while the company has raised approximately Rs. 23.78 crore in fresh capital. The new shares will soon be listed and become tradable, which may add short-term supply pressure on the stock price.