Rights Issue
CapitalWatchNotablemateriality 69 out of 100
What happened
FactApproved the following terms of the Rights Issue. (b) Total number of Rights Equity Shares and Rights Issue size: 1,06,62,786 Rights Equity Shares each. (c) Rights Issue Price: Rs. 150/- (Rupees One Hundred and Fifty Only) per Rights Equity Share fully paid.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
Watch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
- for Q4, we have an order book of around INR 160 crores plus, and we expect to continue with the same kind of o (management committed by Q4 FY26)
- we are fairly confident that we will be able to reach that -- numbers that we are targeting to. (management committed by Q4 FY26)
Evidence
How CapitSignal classified this
- Reasoning:
- RIGHTS_ISSUE base 64; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%