Board approves Rs 58.91 crore rights issue at Rs 10 per share
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.3 pts less than Nifty Microcap 250 and 7.9 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board approved 58,906,105 fully paid shares at Rs 10 each, equal to face value, for existing shareholders. The entitlement is 17 rights shares for every 2 shares held, with full subscription expected to raise Rs 58.91 crore. The record date is October 30, 2026, and the issue runs from November 6 to November 26, 2026. Shares would rise from 6,930,130 to 65,836,235.
Shareholders may need extra capital to preserve their stake. Those who do not subscribe will have a lower ownership percentage.