Announced Thu, 5 Nov, 2026 · 17:54 IST
Board revises authorisation for proposed ₹210 crore rights issue
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AI summary
The board corrected its 4 November 2026 disclosure to clarify that the Rights Issue Committee may finalise and file the offer for a proposed rights issue of up to ₹210 crore, assuming full subscription and payment of all calls. The issue price, entitlement ratio, payment schedule and record date are still to be decided. Other disclosures remain unchanged.
Likely market impact
Terms are still pending. Eligible shareholders may need cash to maintain their stake, while those who do not participate face dilution.