Saboo Sodium Chloro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/03/2026 ,inter alia, to consider and approve 1. the proposal for fund ....
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Saboo Sodium Chloro Limited has informed BSE that its Board of Directors will meet on March 5, 2026 to consider and approve a proposal to raise funds through a Rights Issue of equity shares with a face value of Rs. 10 each. The company will also consider and approve the Draft Letter of Offer for the Rights Issue and seek in-principle approval under SEBI LODR Regulation 28(1). The size of the proposed rights issue is up to Rs. 56 crore. This is a preliminary intimation, and actual terms including issue price, ratio, and record date are yet to be decided. The company has not disclosed the specific purpose or deployment of the raised funds in this filing.
For existing shareholders, a rights issue means they will get the first opportunity to buy additional shares in proportion to their existing holdings, which could lead to dilution if they do not subscribe. The stock may see volatility around and after the board meeting as terms of the issue are announced.