Shanti Gold International Limited Announces Rights Issue of Equity Shares at ₹215 per Share

Shanti Gold International Limited Announces Rights Issue of Equity Shares at ₹215 per Share​

Shanti Gold International Limited has announced a rights issue of fully paid-up equity shares, offering eligible shareholders an opportunity to subscribe to the new securities. The offering is set for release to shareholders on a rights basis, with the Board confirming the terms and conditions of the issue on July 31, 2026.

The company intends to offer up to 46,43,471 equity shares under this Rights Issue. Each share has a face value of ₹10, and it is being offered at an issue price of ₹215 per share, which includes a premium of ₹205. The total aggregate proceeds sought from the public for the Issue are up to ₹998.35 million, based on the assumption of full subscription.

The terms of the Rights Issue are structured as follows:

Transaction Mechanics and Timeline​

The offer is directed towards eligible equity shareholders, with the specified ratio being 19 Rights Equity Shares for every 295 fully paid-up Equity Shares held as of the Record Date, which is scheduled for August 6, 2026.

Key dates for the rights issue are as follows:


The company has received in-principle approvals from BSE and NSE for the listing of these Rights Equity Shares.

Utilization of Net Proceeds​

The net proceeds generated from the issue are proposed to be utilized to meet both working capital requirements and general corporate purposes. The estimated total net proceeds amount stands at ₹993.35 million, after accounting for estimated issue expenses totaling approximately ₹5.00 million.

The funds are planned to be deployed as follows:


The utilization plan is based on current business plans and management estimates, and a monitoring agency has been appointed for the Gross Proceeds.

Company Profile and Financial Health​

Shanti Gold International Limited was originally formed as a partnership firm in 2003 before converting into a public limited company in 2013. The company operates as a manufacturer of high-quality 22 Kt CZ casting gold jewellery, serving both corporate clients and the general market across multiple Indian states and four countries abroad.

The company’s financial performance reflects steady growth over the last three fiscal years:

Operational Focus and Risk Mitigation​

The company’s business relies on its integrated in-house manufacturing capabilities across two facilities—Andheri Manufacturing Facility (2,700 kg per annum) and the Marol Manufacturing Facility (4,000 kg per annum). A new Proposed Jaipur Facility is under construction and expected to add 1,200 kgs per annum upon completion.

The company also provides detailed information regarding its financial commitments and governance structure, noting that it does not have any ongoing material adverse litigation against the company as of the date of the Letter of Offer. Furthermore, management has confirmed that none of the Promoters or Directors have been declared as a wilful defaulter or fraudulent borrower by the RBI.

SHANTIGOLD Stock Price Movement​

Today, Shanti Gold International Limited saw its equity climb, settling at ₹217.41 after gaining 0.62%. The shares traded within a narrow range of ₹214.65 to ₹218.9, with 478,866 shares passing through the market today.