Century Extrusions Limited has informed the Exchange about General Updates
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The Board of Directors of Century Extrusions Limited met on April 24, 2026, and noted the resignation of Mr. Sanjeev Kishore as Independent Director, effective from the close of business on April 7, 2026. Additionally, the Board approved the Draft Letter of Offer for a Rights Issue of equity shares worth up to Rs. 4,500 Lakhs (Rs. 45 crore). This Rights Issue was initially approved by the Board on February 11, 2026. The Draft Letter of Offer is being filed with BSE and NSE to obtain observations and in-principle approval for the proposed share issuance and listing.
The resignation of an Independent Director reduces board independence, though this was already effective since April 7. The proposed Rights Issue of Rs. 45 crore could dilute existing shareholders' stakes unless they participate, but the funds raised may support the company's growth plans.