Century Extrusions LimitedCENTEXTNSE
Century Extrusions approves ₹4500 lakh rights issue at ₹15 per share
As filed · Century Extrusions Limited has informed the Exchange that Board of Directors at its meeting held on September 08, 2026, has decided to issue equity shares on rights basis in the ratio of 3 : 8, i.e 3
CapitalMixedNotablemateriality 68 out of 100
What happened
FactCentury Extrusions’ Board approved the terms of a proposed rights issue of up to ₹4500 Lakhs, comprising 3,00,00,000 equity shares assuming full subscription. The issue is priced at ₹15 per share, with a 3-for-8 entitlement ratio, a September 15, 2026 record date, and an issue period from September 23 to October 14, 2026.
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
Evidence
How CapitSignal classified this
- Reasoning:
- The approved issue would raise up to ₹4500 Lakhs if fully subscribed and gives eligible shareholders a defined opportunity to participate based on their holdings. The filing does not state the proposed use of proceeds; further terms, including renunciation, are to be included in the Letter of Offer.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%