Announced Wed, 15 Jul · 18:25 IST
Pratik Panels revokes Rights Issue announced in May 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
-0.9%1-day move
₹5.74
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.9-6.4-7.0-8.5+1.6+2.8————
Up moveDown movePending
AI summary
Pratik Panels Limited's Rights Issue Committee, on 15 July 2026, decided to revoke the Rights Issue announced on 7 May 2026, citing unavoidable circumstances. The board meeting ran from 5:30 PM to 6:15 PM. No new issue or revised terms were disclosed.
Likely market impact
Shareholders no longer need to act on the earlier rights issue. Removes near-term dilution risk but also drops a planned capital raise.