Intimation of In Principle Approval received for Rights Issue.
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Awaiting price reaction for this filing.
Shakti Press Ltd has received in-principle approval from BSE Limited (dated February 16, 2026) for its proposed Rights Issue of fully paid-up equity shares. The company had applied for this approval on January 8, 2026. This approval allows the company to use BSE's name in its Letter of Offer, but does not certify the correctness of the offer document or guarantee listing. Key details such as the rights issue size, price, and ratio have not been disclosed in this filing. The company still needs to fix a record date, finalize the issue price, and complete all legal and statutory formalities before proceeding.
This is a procedural step forward for the rights issue. Existing shareholders will likely get an opportunity to subscribe to new shares, but terms are not yet known, so the dilution impact on the stock price remains uncertain.