The Board of Directors at it''s meeting held on February 25, 2026 fixed the size of the right issue as was disclosed in Draft Letter of Offer dated October 09, 2025 which was filled with ....
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Enbee Trade & Finance Ltd has filed its Letter of Offer for a rights issue of up to 1,20,05,00,007 (about 120.5 crore) fully paid-up equity shares of face value ₹1 each at an issue price of ₹1 per share, aggregating up to ₹12,005 lakhs (about ₹120 crore). The issue is being offered to existing shareholders in the ratio of 21 rights shares for every 10 shares held on the record date of Wednesday, March 4, 2026. The issue price is at par with the face value, meaning no premium is being charged. The issue opens on March 12, 2026 and closes on March 20, 2026, with listing on BSE. The promoter is Amarr Narendra Galla, and ICICI Bank is the banker to the issue.
This is a large rights issue that more than triples the existing share count (21 new shares for every 10 held), which will significantly dilute existing shareholders who do not subscribe. However, the issue is priced at par with no premium, which is favourable for subscribing shareholders. Eligible shareholders must act between March 12 and March 20, 2026 to either subscribe or renounce their rights entitlements.