S. M. Gold Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/03/2026 ,inter alia, to consider and approve to re consider the terms and conditions ....
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S. M. Gold Ltd has informed BSE that a Board of Directors meeting is scheduled for March 23, 2026, at its Ahmedabad registered office. The Board will reconsider the terms and conditions of the Draft Letter of Offer and related documentation for a proposed rights issue of fully paid-up equity shares. This is a follow-up to earlier board meetings held on November 13, 2025 and February 17, 2026, which had approved the fund-raising plan through the rights issue route. The trading window for directors, officers, and designated persons has been closed with immediate effect and will reopen 48 hours after the board meeting concludes.
Reconsideration of the rights issue terms suggests the company may revise pricing, size, or timing of the proposed equity raise, which could affect share price in the short term and dilute existing shareholders when executed. The closed trading window means insiders cannot trade until after the board's decision is announced.