Outcome of the Meeting of the Board of Directors of Shakti Press Ltd pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Equity Shares
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Shakti Press Ltd's Board of Directors approved the allotment of 2,46,41,400 equity shares under its Rights Issue at ₹20 per share (face value ₹10). This raises approximately ₹4,928.28 Lakhs (~₹49.28 Crores) for the company. The Rights Issue was as per the Letter of Offer dated April 29, 2026. The Board also appointed Brickwork Ratings India Private Limited as a SEBI-registered monitoring agency to oversee the use of funds raised. The board meeting was held on June 5, 2026.
Existing shareholders will experience equity dilution due to the large issue size of 2.46 crore shares, which may put short-term pressure on the stock price. However, the capital infusion strengthens the company's balance sheet and funds raised may support growth or reduce debt, benefiting long-term shareholders if deployed productively.