RECEIPT OF IN-PRINCIPLE APPROVAL FORM BSE REGARDING RIGHT ISSUE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Regal Entertainment & Consultants Ltd has received in-principle approval from BSE Limited (dated March 16, 2026) for its proposed rights issue of fully paid-up equity shares. The total size of the rights issue will not exceed ₹850 Lakhs (₹8.5 Crores). The approval allows the company to use BSE's name in its Letter of Offer and proceed with the issue. The company must still complete post-issue requirements, including fixing a record date, complying with SEBI and listing regulations, and obtaining basis of allotment approval from the designated stock exchange. The company is responsible for all disclosures and any consequences from misstatements in the offer document.
This is a procedural milestone — the company has cleared the first regulatory hurdle to raise up to ₹8.5 Crores from existing shareholders via a rights issue. Existing shareholders may need to decide whether to participate when the offer formally opens, and the stock could see dilution if the issue is fully subscribed.