Ducon Infratechnologies Limited has informed the Exchange regarding 'Intimation regarding In-principle approval of Rights Issue of the Company pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015'.
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Ducon Infratechnologies has received in-principle approval from BSE for a proposed rights issue of up to Rs. 49.5 Crores, to be offered to existing eligible equity shareholders. The equity shares will have a face value of Rs. 1 each, but the final issue price, number of shares, and premium are yet to be decided. The approval was granted by BSE on August 14, 2025, based on the company's application filed on May 6, 2025. A record date will be fixed later, with at least 3 working days' advance notice, and the company must disclose the issue price at least 3 days before that date. The move is a capital-raising exercise by the company.
This is a fund-raising move that may dilute existing shareholders who choose not to subscribe, but also gives eligible shareholders the right to maintain their proportional ownership. The actual impact on shareholders will depend on the issue price, ratio, and timing, which are not yet announced.