Pursuant to the in-principal approval received from BSE Limited vide letter dated September 12, 2025 for the proposed Right Issue of the Company and Regulations 30,42 and other applicable ....
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Sunshield Chemicals Ltd has finalised the terms of its proposed Rights Issue following BSE's in-principle approval received on September 12, 2025. The company will issue up to 14,41,776 fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 901 per share, aggregating to a total issue size of approximately Rs. 129.90 crores. The Rights Entitlement ratio is set at 10 equity shares for every 51 shares held on the record date of Wednesday, September 24, 2025. The issue opens on September 30, 2025 and closes on October 24, 2025. Shareholders holding less than 6 shares will have zero entitlement, while fractional entitlements below 51 shares will be ignored with preferential allotment offered for additional share applications.
Eligible shareholders as on the September 24, 2025 record date can subscribe to the rights issue to maintain their proportional ownership; the issue may lead to dilution for those who do not subscribe. The price of Rs. 901 (with Rs. 891 premium over face value) signals the company is raising capital at near-market valuation.