Rights Issue of 1.97 cr shares at Rs 10 each, 16 for every 5 ratio

Rights Steep DiscountCorporate Actions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹15.62

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-5.3% vs market

Other Electrical Equipment peers, median of 51sector-0.1%-4.9% vs sector

On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 4.9 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+0.3-5.3-0.1-4.9

Next day

-9.7+1.1-10.9+0.4-10.1

-5.2+1.3-6.6+0.2-5.4

-25.2+2.0-27.2+1.2-26.4

-21.4+0.3-21.8+0.4-21.9

-17.5+1.1-18.6-0.3-17.3

-15.6-3.2-12.3-4.5-11.1

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 51Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rights Issue Committee approved a Rights Issue of 1,96,68,019 equity shares at Rs 10 per share (face value), aggregating to Rs 1966.80 lakhs assuming full subscription. Entitlement ratio is 16 Rights shares for every 5 existing shares held. Record date is October 14, 2026. Issue opens October 29 and closes November 5, 2026. Outstanding shares will rise from 61.46 lakh to 2.58 crore on full subscription.

Likely market impact

Major dilution ahead - share count set to more than quadruple. Issue at face value signals steep discount. Eligible shareholders must decide by record date Oct 14.