Announced Fri, 24 Jul · 15:11 IST
Rights Issue of up to Rs 7.57 Cr at 3:2 ratio opens Aug 10
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.1%1-day move
₹31.21
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.1+2.5————————
Up moveDown movePending
AI summary
Board approved a Rights Issue of up to 75,75,000 equity shares at Rs 10 each (at face value, no premium), aggregating up to Rs 757.50 Lakhs. Ratio is 3 shares for every 2 held. Record date is July 31, 2026. Issue opens Aug 10 and closes Sep 3, 2026. Outstanding shares will rise from 50.50 lakh to 126.25 lakh on full subscription. Eligible shareholders can apply or renounce rights.
Likely market impact
Significant equity dilution expected. Issue priced at face value, no premium for existing holders. Eligible shareholders must decide to apply or renounce by Sep 3.