Ducon Infratechnologies Approves Rights Issue Worth Up To Rs 25 Crores
Ducon Infratechnologies Limited announced that its Board of Directors had approved a significant Rights Issue for eligible equity shareholders. The decision was made during a meeting held on Friday, June 12, 2026.The board meeting utilized Video Conferencing and other Audio-Visual Means to deliberate and approve the terms related to the proposed capital raise. Key among the approvals was the issue of Equity Shares with a face value of Re. 1.00/- each for cash, with an aggregate size specified up to Rs. 25.00 Crores (Rupees Twenty-Five Crores Only).
The board also approved the formation of a Rights Issue Committee comprising certain Directors. This committee is tasked with overseeing matters relating to the Rights Issue, including finalizing the terms and conditions, structure, timing, and handling fractional entitlements. Furthermore, the company appointed various intermediaries in connection with the planned issuance and gave approval for the Draft Letter of Offer pertaining to the Rights Issue.
The core details regarding the securities and the Rights Issue were outlined as follows:
| Particulars | Details |
|---|---|
| Securities Type | Equity Shares |
| Face Value per Share | Re. 1.00/- |
| Type of Issue | Rights Issue |
| Outstanding Shares Before Issue | 32,49,25,587 Equity Shares of Re. 1.00/- each |
| Terms of Payment | The full amount per Equity Share is payable upon application by eligible equity shareholders |
The terms and conditions for the Rights Issue will be detailed in a Letter of Offer. This Letter of Offer will be issued electronically to all eligible equity shareholders holding shares as on the determined Record Date, with the specifics regarding the rights entitlement ratio to yet be finalized by the Board of Directors.
DUCON Stock Price Movement
Today, Ducon Infratechnologies Limited shares surged to close at ₹3.75 after edging higher by 4.74%. The equity saw a total traded volume of 997,134 shares as the stock settled for the day.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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