Outcome of Board Meeting for approving Final letter of offer.
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The Board of Shakti Press Ltd met on April 29, 2026 and approved the Letter of Offer for a Rights Issue. The company will file the Letter of Offer along with Abridged Letter of Offer, Rights Entitlement Letter, and Common Application Form with BSE Limited. The designated stock exchange for this Rights Issue is BSE Limited. The company has made arrangements with NSDL and CDSL for crediting Rights Entitlements in dematerialized form to eligible equity shareholders' demat accounts. The ISIN for credit of dematerialized rights entitlement is INE794C20016. Rights Entitlements will be credited to eligible shareholders' demat accounts before the issue opening date.
Existing shareholders will receive Rights Entitlements allowing them to purchase additional shares, potentially diluting their stake if not exercised. The company gains access to fresh capital through this Rights Issue.