CARYSIL LIMITED has informed the Exchange about general updates
CARYSIL · price
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Carysil Limited's board approved subscribing to a rights issue of its subsidiary, Carysil Steel Limited (CSL), which manufactures stainless-steel kitchen sinks. The company will pick up 18,88,684 equity shares at ₹45 each, totalling about ₹8.50 crore in cash. CSL reported FY25 turnover of ₹66.96 crore and profit after tax of ₹3.91 crore, with net worth of ₹37.71 crore. The investment is being made to fund CSL's capital expenditure, meet working capital needs and strengthen its financial position. Because this is a pro-rata rights issue, Carysil's stake in CSL will remain unchanged at 84.99%, with completion expected by September 30, 2025.
Routine capital infusion into an existing subsidiary — no change in ownership or control. Modest cash outflow (~₹8.50 crore) for capex and working capital support at the subsidiary level; unlikely to materially move the stock on its own.