Outcome of the Right Issue Committee meeting of the Board of Directors held on January 20,2026.
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The Rights Issue Committee approved the First Call of Rs. 10 per share on 2,99,25,394 partly paid-up equity shares (face value Rs. 10, with Rs. 2.50 already paid). Of the Rs. 10 call, Rs. 2.50 will go towards face value and Rs. 7.50 towards securities premium. Total call money to be collected is approximately Rs. 29.93 crore. These partly paid shares were originally allotted on November 10, 2025 under a Rights Issue (Letter of Offer dated October 9, 2025). The record date to identify eligible shareholders is January 27, 2026. The payment window runs from February 2 to February 16, 2026. Existing holders must pay the balance or risk forfeiture of their shares.
Holders of partly paid rights shares need to arrange funds during the February 2–16, 2026 window to avoid losing their shares. The company will raise around Rs. 29.93 crore, boosting its equity capital and reserves, though dilution from the original rights issue is already in place.