Rights issue deferred; authorised capital increase proposed
KRISHIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.3 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board deferred the planned rights issue of up to Rs 100 crore due to technical issues, expected to be resolved within one month. It also approved increasing authorised capital from Rs 24.5 crore to Rs 30 crore, covering 3 crore equity shares of Rs 10 each, subject to shareholder approval on November 21, 2025.
The delay postpones possible new share issuance and dilution; the capital increase needs shareholder approval.