Bhandari Hosiery Exports Limited has informed the Exchange about General Updates regarding raising of funds through rights issue
BHANDARI · price
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On the reaction day the stock moved 4.0 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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The Board of Bhandari Hosiery Exports approved a Rights Issue on January 2, 2026, to raise fresh equity of Rs. 49.30 crores. Of this, Rs. 34 crores (around 69%) will go towards long-term working capital needs, Rs. 6.87 crores will be used to repay long-term loans, Rs. 7.43 crores is earmarked for general corporate purposes, and Rs. 1 crore covers issue expenses. The company has chosen BSE as the Designated Stock Exchange for the issue and has formed a three-member Rights Issue Committee to oversee the process. The next committee meeting is scheduled for January 14, 2026, to approve the Draft Letter of Offer.
Existing shareholders will get the opportunity to subscribe to the Rights Issue in proportion to their holdings, which could lead to short-term dilution but should strengthen the company's working capital base and reduce its debt load. The stock may see some pressure near the record date but the fundraise is moderately sized for the company.