Board approves 1:1 rights issue at Rs80 per share

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Price reactionminutes from the announcement price · days from the prior close

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₹126.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+4.2% vs market

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AI summary

The board approved a proposed rights issue of up to 86.60 lakh fully paid shares at Rs80 each, including a Rs70 premium. Eligible shareholders as of 28 October 2026 may receive one rights share for each existing share. The issue could raise up to Rs69.28 crore if fully subscribed and opens on 4 November 2026.

Likely market impact

Shareholders may need to invest to maintain their ownership; those who do not participate may see their ownership reduce.