Bhandari Hosiery Exports Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/04/2026 ,inter alia, to consider and approve the modification in ....
BHANDARI · price
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Bhandari Hosiery Exports has called a Board Meeting on 6th April 2026 to consider and approve a change in how the company plans to use the money it raised through a recently concluded Rights Issue. The modification is being proposed because the Rights Issue was undersubscribed. The company has not yet disclosed the revised use of funds, which will be shared after the board meeting. The Rights Issue was completed recently and the funds were originally earmarked for specific purposes which now need to be realigned.
Undersubscription of the Rights Issue suggests weaker investor demand. Modification of fund usage may shift capital toward alternate priorities, which could be viewed either positively (better deployment) or negatively (original plans shelved). Shareholders should wait for the board outcome to understand the new use of funds before drawing conclusions.