S. M. Gold Ltd. Announces Adjustments to Proposed Rights Issue
S. M. Gold Ltd. announced adjustments to the terms and conditions of its proposed rights issue on March 23, 2026, following a meeting of the Board of Directors. The meeting, which commenced at 4:00 P.M. (IST) and concluded at 6:00 P.M. (IST), also addressed the resignation of the Company Secretary and Compliance Officer.The adjustment involves an unsecured loan from a promoter being converted to equity against their rights entitlement. This modification does not affect the issue price, issue size, or rights entitlement ratio.
S. M. Gold Ltd. plans to issue up to 26,475,024 fully paid-up equity shares of face value ₹ 10 each, totaling ₹ 2647.50 Lakhs. The issue price is set at ₹ 10 per share. The rights entitlement ratio is 2 rights shares for every 1 share held as of the record date.
Prior to the rights issue, the company had 13,237,512 equity shares outstanding, which will increase to 39,712,536 equity shares post-rights issue. A record date and ISIN will be announced by the company in due course. The detailed terms of the rights issue will be outlined in a letter of offer to eligible shareholders.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Type of securities proposed to be issued | Fully Paid- up Equity shares of face value of ₹ 10/ - each |
| 2 | Type of Issuance | Rights Issue of Fully Paid Up Equity Shares |
| 3 | Total number of securities proposed to be issued (approximately) | Up to 26475024 Fully Paid-up Equity Shares |
| 4 | Issue Price | ₹ 10/- per share |
| 5 | Terms of payment of Issue Price | On Application (in ₹) - Face Value ₹ 10/ -, Total ₹ 10/ |
| 7 | Rights Entitlement Ratio | 2 (Two) Rights Equity Shares for every 1 (One) Equity Share held as on record date |
| 8 | Outstanding Equity Shares prior to the Rights Issue | 13,237,512 Equity Shares |
| 9 | Outstanding Equity Shares Post Rights Issue | 39,712,536 Equity Shares * |
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