Board approves 1-for-1 rights issue at Rs 80 per share
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The board approved up to 8.66 million fully paid equity shares at Rs 80 each, including a Rs 70 premium, to raise up to Rs 69.28 crore if fully subscribed. The 1-for-1 rights issue is for shareholders on the October 28, 2026 record date. Rights are credited October 29, and the issue runs November 4-18, 2026.
Eligible holders can subscribe or sell their rights. If they do neither, their ownership percentage may fall as new shares are issued.