Announced Sat, 4 Apr · 16:19 IST
Rights Issue of Up to Rs 50 Crore, 10:1 Stock Split, Capital & Borrowing Limit Hikes
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹133.95
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.7-14.2-18.4-22.5-26.4-33.5-12.2+11.9+38.8+44.7
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AI summary
Board approved a rights issue of equity shares up to Rs 50 Crore to existing shareholders, subject to EGM approval on May 2, 2026. Also approved a 10:1 stock split (Rs 10 to Rs 1 face value), authorized capital hike from Rs 10 Cr to Rs 40 Cr, and higher borrowing and investment limits of Rs 500 Cr each. Plans to set up a wholly owned subsidiary in UAE. Shifts corporate office to Rajkot.
Likely market impact
Rights issue may dilute non-participating shareholders; stock split aims to improve liquidity and broaden retail participation.