Shakti Press Ltd Announces Rights Issue of Equity Shares
Shakti Press Ltd announced that its Board of Directors, in a meeting held on April 23, 2026, approved the terms for a Rights Issue of fully paid-up Equity Shares. The proposed issuance is structured to raise capital by offering shareholders the right to subscribe to new shares.The Rights Issue proposes the issuance of 2,46,41,400 Equity Shares. Each share has a face value of Rs. 10.00 and carries a premium of Rs. 10.00. Cumulatively, the issuance represents an aggregate amount of Rs. 49,28,28,000. The issue price has been set at Rs. 20.00 per Equity Share.
The company specified the following key details regarding the allotment and timeline:
| Detail | Specification |
|---|---|
| Type of Securities | Fully paid-up Equity Shares ('Rights Equity Shares') |
| Issue Type | Rights Issue of Fully paid-up Equity Shares |
| Total Shares Proposed | 2,46,41,400 Equity Shares |
| Issue Price | Rs. 20.00 per Equity Share |
| Record Date | Wednesday, April 29, 2026 |
| Rights Issue Period | Opening Thursday, May 7, 2026 |
| Last Date for Renunciation | Wednesday, May 13, 2026 |
| Entitlement Ratio | 7 Rights Equity share for every 1 fully paid-up Equity share |
The company reported that prior to the Rights Issue, there were 35,20,200 Equity shares outstanding, and post-Rights Issue, the total outstanding shares are expected to be 2,81,61,600 Equity shares of Rs. 10.00 each.
Regarding the payment terms, the subscription for the Rights Equity Share requires the following payment breakdown:
| Component | Face Value | Premium | Total Amount Payable |
|---|---|---|---|
| Amount Per Share | Rs. 10.00 | Rs. 10.00 | Rs. 20.00 |
The detailed terms of the Rights Issue, including procedures for application and fractional entitlements, are set to be included in the Letter of Offer.
Stock Price Movement
At the close of trade today, Shakti Press Ltd shares dropped, settling at ₹23.51, marking a 1.43% dip for the day. Throughout the session, the stock tested a range, finding support near ₹23.20 before reaching an intraday peak of ₹24.40.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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