Ducon Infratechnologies Receives In-Principle Approval for Proposed Rights Issue from Stock Exchanges
Ducon Infratechnologies Limited has received in-principle approval from both the National Stock Exchange of India and BSE Limited regarding its proposed rights issue of equity shares. The approvals were issued on August 6, 2026, clearing a key regulatory hurdle for the company's planned capital raise.The company received the in-principle approval letters from the stock exchanges permitting the issuance of Equity Shares on a Rights basis. These approvals are crucial steps toward finalizing and listing the securities.
Key Details of Rights Issue Approval
The National Stock Exchange of India granted in-principle approval for the issue of up to equity shares at a face value of Re 1/- each, totaling up to Rs 25 Crores on a rights basis to eligible equity shareholders. This approval is subject to the company fulfilling various conditions including filing the listing application and securing statutory approvals from authorities such as SEBI, RBI, and MCA.BSE Limited also granted in-principle approval for the issuance of Equity Shares on a Rights basis following the receipt of required documentation. The exchange's permission allowed the company to use its name in the Letter of Offer concerning the proposed rights issue.
The essential details related to the approvals are summarized below:
| Exchange | Approval Date | Issue Type | Face Value / Target |
|---|---|---|---|
| BSE Limited | August 6, 2026 | Equity Shares on a Rights basis | Not specified |
| NSE | August 6, 2026 | Proposed Rights issue of Equity Shares | Re 1/- each / Up to Rs 25 Crores |
DUCON Stock Price Movement
Shares of Ducon Infratechnologies Limited edged higher in the market today, closing at ₹3.16 after gaining 1.95%. The stock traded within a session range of ₹3.05 to ₹3.34 and saw heavy activity with a volume of 244,213 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.