Intimation of the further extention of closing date of Right issue Newspaper publication
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shakti Press Ltd has further extended the closing date of its ongoing Rights Issue. The issue, which opened on May 7, 2026, was originally scheduled to close on May 18, 2026 but has now been extended to May 29, 2026. This extension was approved by the Rights Issue Committee on May 11, 2026, to provide shareholders more time to exercise their rights. The issue involves up to 2,46,41,400 equity shares at Rs 20 per share (Rs 10 face value + Rs 10 premium), totalling up to Rs 4928.28 lakhs. The ratio is 7 rights shares for every 1 share held, with the record date being April 29, 2026. No changes have been made to the Letter of Offer except for the modified closing date and resulting post-issue schedule.
This extension gives eligible shareholders additional time to participate in the rights issue, potentially improving subscription levels. There is no change in issue pricing or terms, so the impact on existing shareholders is neutral in terms of dilution, but those who have not yet subscribed now have more time to do so.