OUTCOME OF THE BOARD MEETING HELD ON FEBRUARY 04, 2026
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The Board of Directors of Regal Entertainment & Consultants Ltd, at its meeting on February 4, 2026, approved raising funds through a Rights Issue of fully paid-up equity shares with a face value of ₹10 each, for an aggregate amount not exceeding ₹850 Lakhs. The Rights Issue will be offered to existing eligible equity shareholders as on a record date, which is yet to be notified. The Board also approved the Draft Letter of Offer and constituted a Rights Issue Committee comprising the Managing Director & CFO, two Independent Directors, and the Company Secretary to oversee the issue and allotment process. The company will comply with the Companies Act, 2013, SEBI ICDR Regulations 2018, and other applicable laws for the issue.
This is a dilutive fund-raising event — eligible shareholders will get the right (but not obligation) to subscribe to additional shares in proportion to their existing holdings. Short-term share price may face pressure due to dilution and ex-rights adjustment, while the company will gain fresh capital up to ₹8.5 crore once the issue is completed.