S. M. Gold Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/02/2026 ,inter alia, to consider and approve 1. Draft Letter of Offer including ....
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S. M. Gold Ltd has informed BSE that its Board of Directors will meet on February 17, 2026, at the registered office in Ahmedabad. The main agenda is to review and approve the Draft Letter of Offer for a rights issue of fully paid-up equity shares, which was originally approved by the Board on November 13, 2025. The trading window for directors, officers, and designated persons has been closed with immediate effect until 48 hours after the Board meeting concludes. The company has a paid-up equity capital structure and trades on BSE under scrip code 542034.
Shareholders should expect further details on the rights issue ratio, price, record date, and timeline once the Draft Letter of Offer is approved. Existing shareholders may need to decide on participating in the rights issue or letting their rights lapse, which could lead to short-term dilution or capital infusion depending on uptake.