Announced Tue, 16 Jun · 18:07 IST
Rights Issue of Rs. 63.9 Crore at Rs. 10/share; Record Date June 20, 2026
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹35.13
prior close
₹33.67
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-4.3-57.3-55.3-55.7-55.9-57.0-60.7-50.5——
Up moveDown movePending
AI summary
Board approved a rights issue of 6.39 crore fully paid-up equity shares at Rs. 10 per share (face value), aggregating Rs. 63.9 crore assuming full subscription. Ratio is 9 rights shares for every 2 held. Record date is June 20, 2026. Issue opens June 29 and closes July 6, 2026. Outstanding shares will rise to 7.81 crore from 1.42 crore, a ~5.5x expansion.
Likely market impact
Existing shareholders get rights entitlement at face value. Massive dilution likely; share count jumps ~5.5x. Investors should review finances before subscribing.