Board approves draft for proposed rights issue of up to Rs 210 crore
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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On 4 November 2026, the board approved the draft offer for a proposed rights issue of partly paid equity shares to eligible shareholders, assuming full subscription and payment of all call money. The issue size is up to Rs 210 crore. The issue price, rights ratio, upfront and later payments, and record date are yet to be decided and will be announced separately. The board also approved a shareholder postal ballot with remote voting.
Shareholders may need to invest more to maintain their ownership stake. Final pricing, rights ratio and possible dilution are still unknown.