Intimation under Regulation 30 of SEBI (LODR) Regulations 2015 for issue of shares on right basis
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Pratik Panels Ltd's board of directors met on 7th May 2026 and approved a rights issue of equity shares to raise up to INR 40.25 crore (approximately Rs 40.25 crores). The shares will have a face value of INR 1 each and will be offered to eligible equity shareholders as on a record date to be notified later. The board also approved the Draft Letter of Offer (DLOF) and constituted a Rights Issue Committee to finalise terms such as the rights entitlement ratio, issue price, and timing. The DLOF will be submitted to BSE for in-principal approval.
Existing shareholders will receive rights entitlements, and the company will see equity dilution. The raised capital could support growth or reduce debt, but the exact use of proceeds has not been disclosed yet.