Libas Consumer Products Ltd. Board Approves Right Issue to Raise Up to ₹14.50 Crore
Libas Consumer Products Limited announced that its Board of Directors, meeting on Tuesday, June 2, 2026, approved a significant fundraising initiative through a rights issue of equity shares. The company also constituted a dedicated committee to manage the process.The Board approved the raising of funds by issuing equity shares of the company with a face value of ₹10 per share. The proposed aggregate amount for this rights issue does not exceed ₹14.50 crore (Rupees Fourteen crore fifty lakh only). The issue will be offered to the eligible equity shareholders of the company.
The details regarding the proposed securities issuance are as follows:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Equity Shares |
| Type of issuance | Right Issue |
| Total amount for which securities will be issued | ₹ 14.50 crore (Rupees Fourteen crore fifty lakh only) |
In addition to approving the fund raise, the Board also formally constituted the Rights Issue Committee. The committee comprises Mr. Riyaz Ganji, Mr. Nishant Mahimtura, and Mr. Ashish Dubey. This committee has been empowered to undertake all necessary activities required for the successful completion of the proposed rights issue.
The Board meeting, which took place on June 2, 2026, resulted in the company moving forward with the rights issue on the specified terms.
LIBAS Stock Price Movement
On Tuesday, Libas Consumer Products Limited shares edged higher, closing at ₹12.83 after gaining 0.08% for the period. The stock saw solid trading activity, moving on a total volume of 25,608 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.