Shanti Gold International Approves Rights Issue of Equity Shares with ₹215 Issue Price
Shanti Gold International Ltd has approved the terms of a Rights Issue of fully paid-up Equity Shares. The company's Board of Directors confirmed the issue details, which include an offer size of ₹99,83,46,265.The rights issue concerns the issuance of Equity Shares with a face value of ₹10/- each. Under the approved terms, the Issue Price for the Rights Equity Share is set at ₹215/-, inclusive of a premium of ₹205/- per share. The full amount of the Issue Price will be payable on application.
Key details regarding the rights offering are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities Issued | Fully paid-up Equity Shares (Rights Equity Shares) |
| Total Number of Securities Offered | 46,43,471 shares |
| Issue Price per Share | ₹215/- |
| Total Issue Size (Assuming full subscription) | ₹99,83,46,265 |
| Record Date | August 06, 2026 |
Rights Entitlement and Timeline
The rights issue provides a specific entitlement ratio to Eligible Equity Shareholders. Shareholders are entitled to 19 Rights Equity Shares of ₹10/- each for every 295 Equity Shares of ₹10/- each held by them on the record date.The timeline for the Rights Issue is as follows:
| Event | Date |
|---|---|
| Rights Issue Opening Date | Friday, August 14, 2026 |
| Last Date for On Market Renunciations of Rights Entitlement | Tuesday, August 18, 2026 |
| Last Date for Off Market Renunciation of Rights Entitlements | Thursday, August 20, 2026 |
| Rights Issue Closing Date | Friday, August 21, 2026 |
Shareholding and Post-Issue Status
Prior to the proposed Rights Issue, the company had an outstanding equity share capital of 7,20,96,000 Equity Shares. Assuming a full subscription to the rights issue, the total outstanding equity shares post Rights Issue is projected to be 7,67,39,471 Equity Shares.The Board further specified rules concerning fractional entitlements and shareholders holding less than 295 Equity Shares as of the Record Date. If an Eligible Equity Shareholder's holding is less than 295 Equity Shares or not a multiple of 295, their fractional entitlement will be ignored during computation. These specific shareholders will be given preferential consideration for the Allotment of one additional Rights Equity Share each if they apply for additional shares over and above their rights entitlement.
SHANTIGOLD Stock Price Movement
Shares of Shanti Gold International Limited are edging higher to ₹216.6 as of 2:00 PM today, climbing by 0.16% in live trading. The equity sees activity with 259,399 shares traded during the session, fluctuating within an intraday range defined by a low of ₹214.65 and a high of ₹217.8.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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