Rights Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.9 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Saboo Sodium Chloro Ltd, at its meeting held on March 5, 2026, approved raising funds up to Rs 55.96 Crores through a Rights Issue of partly paid-up equity shares with a face value of Rs 10 each. The rights entitlement will be offered to eligible equity shareholders as on a record date that will be notified later. The specific terms such as issue price, entitlement ratio, payment schedule, and record date are yet to be decided by the Board in due course. The issue is subject to statutory and regulatory approvals under the SEBI ICDR Regulations. The company is based in Jaipur, Rajasthan, and operates in the salt and chemicals space.
Existing shareholders may need to contribute additional capital to maintain their stake, as they will be offered the right to subscribe to the issue proportionately. The dilution potential and exact pricing will become clearer once the Board finalizes the issue terms in the coming weeks.