Board approves Rights Issue to raise up to Rs.40 crore

Fund Raising View source PDF Explain this filing

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

-2.5%Reaction day

₹39.49

prior close

₹39.26

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-2.9% vs market

Gems, Jewellery And Watches peers, median of 36sector+0.7%-3.2% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.2 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-1.0

15m

-1.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5+0.4-2.9+0.7-3.2

Next day

-3.8+0.4-4.2+0.5-4.3

-1.8+0.3-2.1+0.8-2.5

-1.3+0.2-1.5-0.2-1.1

-1.9+0.5-2.4-0.4-1.5

-3.8+0.7-4.5+0.3-4.1

-4.1+0.9-5.0-1.4-2.7

15d

-3.8+1.6-5.4-0.5-3.2

-2.9+2.4-5.3-2.2-0.7

-16.5+1.1-17.6-0.4-16.0

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UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board approved a Rights Issue of equity shares with face value of Rs. 10 each to eligible shareholders, to raise up to Rs. 4000 lakhs (around Rs. 40 crore) inclusive of premium. The Board delegated powers to a Rights Issue Committee to decide terms and conditions. The issue is subject to regulatory approvals under Companies Act 2013 and SEBI ICDR Regulations. The Board meeting was held on 6 August 2026.

Likely market impact

Eligible shareholders will get rights entitlement to buy more shares. Issue may dilute existing holdings. Await record date and pricing details.