Approval of Issue of Equity Shares on Rights Basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Esaar (India) Ltd's board, at its meeting on June 10, 2026, approved a Rights Issue of equity shares (face value Rs. 10 each) to eligible shareholders for an amount not exceeding Rs. 6,000 lakhs (Rs. 60 crore). The Board also approved the Draft Letter of Offer for filing with SEBI and stock exchanges, and constituted a Rights Issue Committee to oversee the process. The exact number of shares and the issue price are yet to be finalized and will be determined later. Separately, the board appointed Mr. Dipesh B. Mistri as the new Chief Financial Officer with effect from June 10, 2026; he brings over 10 years of experience in finance, accounts, taxation, and corporate law.
Shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, though this will dilute their stake if they don't participate. The exact price and record date are still pending, so existing investors should watch for further announcements. The Rs. 60 crore fund raise could strengthen the company's capital base, but no specific use of funds has been disclosed yet.