Silgo Retail board approves rights issue of up to Rs 45 crore
SILGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.6 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Silgo Retail board approved a rights issue of partly paid-up equity shares (face value Rs 10) of up to Rs 45 crore to eligible shareholders. The board also approved the Draft Letter of Offer for NSE submission, an increase in authorized share capital subject to member approval, and a notice for an EGM. Another board meeting is scheduled by December 22, 2025 to finalise issue price, entitlement ratio, record date, and other terms.
Up to Rs 45 crore fundraise via rights issue may dilute existing shareholders. Final pricing and record date awaited.