Rights issue of 3.99 crore shares at Rs 10 approved
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The rights issue committee approved up to 3,98,87,540 fully paid shares at Rs 10 each, raising up to Rs 40 crore. Eligible holders are offered 59 shares for every 5 held on October 27, 2026. The issue runs from November 12 to December 1, 2026. Full subscription would increase shares outstanding to 4,32,67,840.
Shareholders must pay Rs 10 for each of 59 rights shares offered per 5 shares held; not participating may reduce their ownership share.