Ratnaveer Precision Engineering Ltd Approves Rights Issue to Raise Up To Rs 330 Crores
Ratnaveer Precision Engineering Limited has announced the approval of a rights issue, which is intended to raise up to Rs 330.00 Crores from eligible equity shareholders. The decision was made by the company's Board of Directors during a meeting held on June 11, 2026.The board approved the issuance of fully paid Equity Shares with a face value of Rs. 10.00/- each. This rights issue is planned to be offered exclusively to existing equity shareholders as of a yet-to-be-determined record date.
A crucial aspect of the approval includes the formation of a dedicated Committee of Directors, named the 'Rights Issue Committee'. This committee has been established to manage various aspects related to the Rights Issue. Its responsibilities include finalizing the structure and timing of the issue, making necessary applications to regulatory authorities, and determining or altering the treatment of any fractional entitlements.
The company confirmed that the full amount corresponding to the issue price will be payable upon application by the eligible equity shareholders. The detailed terms and conditions for the Rights Issue, including the application procedure, are expected to be specified in a Letter of Offer, which will be issued in due course.
Key details regarding the outstanding securities before the planned rights issue are as follows:
| Particulars | Details |
|---|---|
| Securities Offered | Fully paid up Equity Shares |
| Face Value per Share | Rs 10.00/- each |
| Total Rights Issue Target | Up to Rs 330.00 Crores |
| Outstanding Equity Shares (Pre-issue) | 7,14,26,681 |
The company, formerly known as Ratnaveer Metals Limited, is proceeding with the rights issue in coordination with the appointed committee to ensure the successful execution of the plan.
RATNAVEER Stock Price Movement
Ratnaveer Precision Engineering Limited shares today slipped by 1.57% to settle at ₹159.90.The stock saw considerable movement against its trading range, with nearly 2 million shares exchanged during the session.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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