1. The Board approved the issuance of fully paid equity shares of face value of Rs.10/- each of the company on rights basis to eligible equity shareholders of the company as on the record ....
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The Board of Indergiri Finance, at its meeting on 10th February 2026, approved a Rights Issue of fully paid equity shares with a face value of Rs. 10 each, for an aggregate size of up to Rs. 10 Crores, to be offered to eligible equity shareholders on the record date (yet to be notified). Separately, the Board allotted 30 unlisted, secured, redeemable, non-convertible debentures (NCDs) on a private placement basis at Rs. 10 lakh each, totaling Rs. 3 Crores. The NCDs carry a coupon of 9.5% per annum, are secured by a first-ranking pari passu charge on the company's movable assets, and have a 36-month tenure maturing on 10th February 2029.
Shareholders should watch for the rights issue record date announcement; the issue size of Rs. 10 Crores is significant relative to the company and could lead to share dilution. The Rs. 3 Crore NCD raise at 9.5% adds to the company's debt and indicates active capital raising.