Consecutive Commodities Ltd Approves Rights Issue of Equity Shares
Consecutive Commodities Limited, formerly known as Consecutive Investments & Trading Company Limited, announced that its Board of Directors approved the terms of a Rights Issue of Equity Shares. The Board meeting was held on Tuesday, June 2, 2026.The Board considered and approved the terms for the issuance of fully paid-up Equity Shares designated as 'Rights Equity Shares' through a Rights Issue.
A detailed overview of the Rights Issue includes the following key parameters:
| Detail | Specification | Value |
|---|---|---|
| Type of Issue | Rights Issue of Fully paid-up Equity Shares | N/A |
| Total Securities Proposed | Equity Shares | 48,04,50,000 |
| Face Value & Issue Price | Rs. 1.00/- per Equity Share | Rs. 1.00/- |
| Right Entitlement Ratio | Equity Shares per 1 Equity Share Held | Three Equity Shares for every 1 (One) Equity Share |
| Outstanding Shares (Pre-Issue) | Equity Shares | 16,01,50,000 |
| Outstanding Shares (Post-Issue) | Equity Shares (assuming full subscription) | 64,06,00,000 |
| Record Date | Determining eligible shareholders | Monday, June 08, 2026 |
| Last Date for On Market Renunciation | Rights Issue Period | Thursday, June 18, 2026 |
| Issue Closing Date | Rights Issue Period | Tuesday, July 07, 2026 |
| Payment Terms | Total Amount Payable | Rs. 1.00/- |
The Right Issue is structured to raise funds through the issuance of 48,04,50,000 Equity Shares, each carrying a face value of Rs. 1.00/-. The total consideration for the issue aggregates to Rs. 48,04,50,000.
For shareholders, the eligibility to participate in the Rights Issue is determined by the record date set for Monday, June 08, 2026. The opportunity for shareholders to renounce their rights remains open until Thursday, June 18, 2026.
Stock Price Movement
At the close of trade today, Consecutive Commodities Ltd settled at ₹0.93, ticking up by 2.20% for the day. During the session, shares moved within a range, trading between a low of ₹0.92 and a high of ₹0.95.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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