Bhandari Hosiery Exports Limited has informed the Exchange regarding Board meeting held on January 02, 2026.
BHANDARI · price
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Bhandari Hosiery Exports Limited's board, at its meeting on January 2, 2026, approved raising Rs. 49.30 crores through a Rights Issue of fresh equity shares. The proceeds will be used for working capital needs (Rs. 34.00 crores), reducing long-term loans (Rs. 6.87 crores), general corporate purposes (Rs. 7.43 crores), and issue-related expenses (Rs. 1.00 crore). BSE will serve as the Designated Stock Exchange for the issue. A three-member Rights Issue Committee has been formed to finalize the terms, with the next meeting scheduled for January 14, 2026 to approve the Draft Letter of Offer.
Existing shareholders will get the right to subscribe to additional shares in proportion to their holdings, which will dilute equity. Short-term stock price may face pressure, but the capital raise aims to strengthen working capital and reduce debt, supporting long-term growth.