Agarwal Float Glass India Limited Withdraws Proposed Rights Issue Due to Market Conditions
Agarwal Float Glass India Limited (formerly Agarwal Float Glass India Private Limited) has announced the withdrawal of its proposed Rights Issue. The company stated that the decision was taken due to prevailing market conditions and other external factors impacting capital market sentiment.The company had previously received the necessary internal approvals to move forward with the rights issue. The Board of Directors had accorded approval for the proposed rights issue during a meeting held on February 3, 2025.
The proposed issue involved equity shares of ₹10/- each, aggregating up to ₹15 Crores. The in-principle approval for the issue was granted for a period of 12 months from the date of approval.
In a statement issued on April 28, 2026, the company confirmed that it would not be proceeding with the proposed Rights Issue within the stipulated validity period, which concluded on April 28, 2026.
Accordingly, Agarwal Float Glass India Limited has formally decided not to proceed with the proposed Rights Issue and has withdrawn the plans. The company stated that it will continue to comply with all applicable regulatory requirements.
AGARWALFT Stock Price Movement
Shares of Agarwal Float Glass India Limited today slipped by 0.64% to settle at ₹38.75. The stock traded between ₹37.05 and ₹38.9 today, recording a total volume of 4,500 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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