Rajgor Castor Derivatives Limited Announces Rights Issue of Equity Shares
Rajgor Castor Derivatives Limited has approved the issuance of fully paid-up equity shares through a Rights Issue to its existing shareholders. The company's Board of Directors authorized the issuance for an aggregate amount not exceeding ₹ 23,91,58,520.The proposed rights issue involves equity shares with a face value of ₹ 10.00 each. The board has established a framework where specific terms, including the final issue price, right entitlement ratio, record date, and payment terms, will be determined by the Board of Directors. These details will be communicated to eligible shareholders holding equity shares as of the designated record date.
To facilitate this transaction, the company approved the Draft Letter of Offer dated July 16, 2026. This document will be used to seek in-principle approval for the issuance and listing of the new equity shares.
Rights Issue Committee Formation
The Board has constituted a Rights Issue Committee to oversee the execution of the transaction. The committee is authorized to determine the record date, set the issue price, establish the right entitlement ratio, and appoint necessary intermediaries. The committee also holds the authority to perform all acts and deeds deemed necessary for the completion of the Rights Issue.
The composition of the Rights Issue Committee is as follows:
| Name | Designation | Role in Committee |
|---|---|---|
| Mr. Brijeshkumar Vasantlal Rajgor | Managing Director | Chairperson |
| Mr. Maheskumar Shankarlal Rajgor | Non-Executive Director | Member |
| Ms. Himali Mahesbhai Thakkar | Non-Executive and Independent Director | Member |
Transaction Summary
The following table outlines the core details of the proposed securities issuance:
| Category | Details |
|---|---|
| Type of Securities | Equity Shares (Face Value of INR 10.00 each) |
| Type of Issuance | Rights Issue |
| Total Amount | Up to ₹ 23,91,58,520 |
| Eligible Participants | Existing Equity Shareholders as of the record date |
RCDL Stock Price Movement
Rajgor Castor Derivatives Limited shares edged higher today to settle at ₹25.1, gaining 0.40% in post-market activity. The stock saw a total turnover of 6,000 shares as it traded flat against its intraday range.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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