Bhandari Hosiery Exports Limited Announces Allotment of Shares in Rights Issue
Bhandari Hosiery Exports Limited announced the allotment of 9,29,06,781 equity shares following a rights issue. The allotment was approved by the Rights Issue Committee at a meeting held on March 23, 2026.Shares were issued at a price of Rs. 2.56 per share, including a share premium of Rs. 1.56. The allotment process was finalized in consultation with the BSE Limited and the Registrar to the Issue, aligning with the Letter of Offer dated February 19, 2026.
The company is set to initiate the listing process for the newly allotted shares. As a result of this allotment, the paid-up equity share capital of the company has increased from Rs. 24,00,49,652 to Rs. 33,29,56,433.
The Rights Issue Committee meeting took place between 7:45 PM and 9:00 PM on March 23, 2026.
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