Rungta Irrigation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/06/2026 ,inter alia, to consider and approve the proposal of fund raising ....
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Rungta Irrigation Ltd has informed BSE that its Board of Directors will meet on Friday, June 12, 2026 to consider and approve a proposal for fund raising through a rights issue of fully paid-up equity shares to eligible existing shareholders. The board will also set up a Rights Issue Committee to handle related matters. The company has closed its trading window for designated persons and directors from June 9, 2026 until 48 hours after the board meeting concludes. No details on issue size, price, or record date have been disclosed yet.
A rights issue means existing shareholders will get the first opportunity to subscribe to new shares, which could lead to dilution if not fully subscribed. Investors should watch for the issue size, price, and ratio once the board approves it on June 12.