Announced Thu, 13 Aug · 19:36 IST
Board approves Rights Issue at Rs 3.17 per share, raising up to Rs 29.34 cr
KSHITIJPOL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹2.98
prior close
₹3.10
base price
After-mkt
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AI summary
Board approved terms of a Rights Issue of up to Rs 29.34 crore at Rs 3.17 per share (face value Rs 2, premium Rs 1.17) in ratio 2 new shares for every 5 held. Record date Aug 19, 2026; issue opens Aug 27, closes Sep 4. Post-issue share count rises from 15.42 cr to 24.68 cr shares. Also approved Q1 FY27 results: revenue Rs 14.34 cr, PAT Rs 0.82 cr.
Likely market impact
Eligible shareholders as of Aug 19 get rights entitlement at Rs 3.17. Not subscribing leads to about 37 percent dilution of existing holding.