Rajgor Castor Derivatives Launches Rights Issue, Offering 2.39 Million Equity Shares at Rs 10

Rajgor Castor Derivatives Launches Rights Issue, Offering 2.39 Million Equity Shares at Rs 10​

Rajgor Castor Derivatives Limited (RCDL) has announced a proposed Rights Issue of up to 2,39,15,852 fully paid-up equity shares of the company. The issue is being conducted on a rights basis and provides existing eligible shareholders with an opportunity to subscribe to the securities at an issue price of Rs 10/- per share.

The total aggregate size of the proposed Rights Issue stands at up to Rs 23,91,58,520/-, representing 2,39,15,852 equity shares with a face value of Rs 10/- each. The issue is available in the ratio of 1 Rights Equity Share for every 1 Fully Paid-up Equity Share held by eligible shareholders as on the Record Date, which is set as Monday, August 24, 2026.

The company has approved the Final Letter of Offer and confirmed that Investors can trade Rights Entitlements (REs) in lots of 3,000 REs.

Issue Timeline and Key Dates​

The proposed timeline for the Rights Issue is as follows:

Business Snapshot and Financial Performance​

Rajgor Castor Derivatives Limited operates as a premier partner in the castor oil and its derivatives market for both domestic and international clientele. The company's manufacturing plant is strategically located in Harij, Gujarat, boasting a capacity of 450 MT per day. RCDL began exporting products in FY 2023-24, strengthening its position as a global player in the industry.

A summary of the financial health of the company shows an upward trend in profitability:

Details of the Issue Proceeds and Utilization​

The proceeds generated from this Rights Issue are intended to meet both working capital requirements and general corporate purposes. The projected financial details for the issue are as follows:


The net proceeds are planned to be utilized for:

• Working Capital Requirement: ₹ 1,800.00 Lakhs
• General Corporate Purposes: ₹ 566.59 Lakhs

| Total Net Proceeds | 2,366.59 Lakhs |

The company has also disclosed its significant reliance on agricultural commodity prices and the dependency of revenue generation on operations within the State of Gujarat, noting that the state contributed between 87.17% and 90.31% of total revenue in the last three financial years (FY 2023-24 to FY 2025-26).

The complete terms of the issue, including application procedures, are detailed in the Letter of Offer available on the company's website.

RCDL Stock Price Movement​

As of 1:21 PM, shares of Rajgor Castor Derivatives Limited rally higher to ₹27.50, gaining 5.16% as trading heats up in the live market. The stock sees activity mounting, with a volume totaling 57,000 shares recorded so far.