Rights Issue at Par Worth Rs 49.95 Cr - Record Date Aug 27, 2026
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved a rights issue of about 49.95 crore equity shares of Rs 1 each at par (no premium), raising roughly Rs 4,994.86 lakhs. Entitlement ratio is 7 new shares for every 15 held. Record date is Aug 27, 2026. Issue opens Sept 3 and closes Sept 18, 2026. Full amount payable on application.
Eligible shareholders can buy 7 new shares at Rs 1 each for every 15 held. Watch for dilution and how the company plans to use the funds raised.