Pratik Panels withdraws Rights Issue announced in May 2026
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.7 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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Pratik Panels Ltd has revoked its Rights Issue that was announced on 7th May, 2026, citing unavoidable circumstances. The Rights Issue Committee and Board of Directors decided to withdraw the rights issue at a meeting on 15th July, 2026. Shareholders will not receive any rights entitlement under this now-cancelled issue.
The rights issue is withdrawn due to unavoidable circumstances. Shareholders will not receive any rights entitlement from this previously announced issue.