National Stock Exchange Grants In-Principle Approval for Rajgor Castor Derivatives Limited’s Proposed Rights Issue
Rajgor Castor Derivatives Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) regarding its proposed rights issue. The issuance relates to fully paid-up equity shares and is intended to raise funds up to Rs. 23,91,58,520/-.The NSE granted the approval on August 7, 2026, confirming the proposal for the rights issue of the company’s shares. The issuance pertains to fully paid-up equity shares with a face value of Rs. 10/each.
Key financial details of the proposed offering are summarized below:
| Metric | Details |
|---|---|
| Company Name | Rajgor Castor Derivatives Limited |
| Total Capital Raised | Up to Rs. 23,91,58,520/- |
| Face Value per Share | Rs. 10/- |
| Ratio | [Information not provided] |
The rights issue is designed for eligible equity shareholders of the company and is subject to various conditions outlined by the Exchange. The NSE confirmed that the ratio in which the shares are proposed to be issued on a rights basis may not create any odd lots.
Conditions for Listing and Completion
The grant of in-principle approval from the Exchange is conditional upon Rajgor Castor Derivatives Limited fulfilling several requirements, including:
- Filing the listing application promptly after allotment.
- Obtaining statutory and other necessary approvals, ensuring compliance with guidelines and regulations issued by relevant statutory authorities.
- Adhering to all directives and guidelines of the Exchange and any statutory bodies.
- Complying with all conditions established under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as applicable on the date of listing.
- Compliance with the Companies Act, 1956 / Companies Act, 2013 and other relevant laws.
The NSE also specified that until further notice, the company should not take any steps to dematerialize the securities except for the rights entitlement granted pursuant to this in-principle approval.
RCDL Stock Price Movement
On Friday, shares of Rajgor Castor Derivatives Limited shed value, tumbling down 4.64% to settle at ₹29.90 after trading closed. The stock saw considerable activity during the session, with a total traded volume recording 42,000 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.
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