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Sunshield Chemicals has finalised terms of its upcoming Rights Issue following a committee meeting on September 17, 2025. The company will issue 14,41,776 fully paid-up equity shares of Rs. 10 face value at a price of Rs. 901 per share, including a premium of Rs. 891. Total issue size is approximately Rs. 129.90 crore. Eligible shareholders can subscribe in the ratio of 10 rights shares for every 51 equity shares held on the record date of September 24, 2025. The issue opens on September 30, 2025 and closes on October 24, 2025, with renunciation trading ending on October 16, 2025.
Existing shareholders will need to decide whether to subscribe to their entitlement or let it lapse. The price of Rs. 901 per share and entitlement ratio of 10:51 will determine the effective dilution. Shareholders holding fewer than 6 shares will have zero entitlement and cannot renounce their rights.