Announced Mon, 24 Aug, 2026 · 19:05 IST

Board approves allotment of 4 crore rights equity shares at Rs 1.20 each

Corporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹1.29

prior close

₹1.31

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+1.2% vs market

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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AI summary

The board allotted 4 crore fully paid-up rights equity shares of face value Re 1 each at Rs 1.20 per share including a Rs 0.20 premium. The company will seek listing and trading approval from stock exchanges for these shares. Separately, Mrs. Shefali Gupta resigned as Company Secretary effective Aug 31, 2026, and Mr. Gaurav Khandelwal was appointed as the new Company Secretary and Compliance Officer effective Sep 1, 2026.

Likely market impact

Large rights issue will expand share count and may dilute existing holders. Change in compliance officer is a routine administrative update.