Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of Consecutive Commodities Limited approved the terms of a rights issue on June 2, 2026. The company will issue 48.04 crore fully paid-up equity shares of face value Rs. 1 each, at an issue price of Rs. 1 per share (i.e. at par, with no premium), aggregating to about Rs. 48.05 crore. Existing shareholders will get 3 rights shares for every 1 share held, with the record date set as June 8, 2026. The issue opens on June 18, 2026 and closes on July 7, 2026. If fully subscribed, the total share count will rise sharply from 16.02 crore to 64.06 crore shares.
This is a heavily dilutive issue — the share count will quadruple if fully taken up, and since the price is at face value with no premium, the raise largely expands the share base rather than reflecting any price appreciation. Shareholders must decide by July 1, 2026 whether to subscribe or renounce their rights, and the stock may see pressure around the ex-rights date.