The Right Issue Committee meeting of the Board which is scheduled to be held on 11th March 2026 is being postponed and rescheduled to 16th March 2026, inter alia, to consider and approve ....
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Regal Entertainment & Consultants Ltd has postponed its Rights Issue Committee meeting, originally scheduled for March 11, 2026, to Monday, March 16, 2026. This is the 9th consecutive postponement (previous dates: Feb 4, 10, 13, 19, 24, 27, March 2, and March 5). The meeting was intended to finalise key rights issue terms including the record date, issue price, and entitlement ratio. The reason for the latest delay is the non-receipt of approval from BSE, which is still under process. Until BSE approval is obtained, the rights issue cannot move forward.
Repeated delays in the rights issue suggest ongoing regulatory or compliance hurdles, which may concern existing shareholders waiting for clarity on their entitlement. Until BSE approval comes through, the fundraising timeline remains uncertain, though the company appears committed to proceeding with the rights issue.