Outcome of Board Meeting held on 7th May 2026
Price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Paper, Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Pratik Panels Ltd approved a Rights Issue to raise up to INR 40.25 crore (approximately INR 40,25,00,000) by issuing equity shares of face value INR 1 each to eligible shareholders. The Draft Letter of Offer (DLOF) dated 7th May 2026 was also approved for submission to BSE to seek in-principal approval. A Rights Issue Committee has been constituted to decide key terms including record date, issue price, rights entitlement ratio, and payment terms. The meeting was held at the company's registered office in Mumbai and lasted from 4:30 PM to 6:00 PM. Specific details on the number of shares and exact pricing will be determined in subsequent meetings.
Existing shareholders will receive rights entitlements to purchase additional shares at a price yet to be determined. The dilution impact depends on the final issue price and subscription ratio. This capital raise may support future growth plans but will dilute existing holdings unless shareholders participate.