Board approves proposed rights issue of up to Rs 26.5 crore

Corporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹7.38

prior close

₹7.30

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-4.8% vs market

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-5.0-0.2-4.8

Next day

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

The Board approved raising up to Rs 26.5 crore by issuing new fully paid shares to eligible shareholders and possibly selected investors. The record date, offer price, entitlement ratio and payment terms have not yet been decided and require approvals. Vimal Jain was also appointed CFO and President of Operations and Finance effective October 29, 2025.

Likely market impact

Shareholders may need to invest cash to maintain their ownership proportion. The final pricing may affect the stock, while the funds could improve the balance sheet.