Shanti Gold International Ltd Approves Rights Issue Terms and Reappoints Internal Auditor for FY 2026-27
Shanti Gold International Limited announced that its Board of Directors, at a meeting held on Friday, July 31, 2026, approved the terms of a planned Rights Issue and ratified the appointment of M/s. Ankit Mundra & Associates as the Internal Auditors for the financial year 2026-27.The Board meeting covered multiple key corporate decisions pertaining to shareholder capital structure and statutory compliance.
Details of Proposed Rights Issue
The approved Rights Issue is targeted at existing shareholders and has several defined parameters, aimed at raising significant capital for the company. The proposed offering involves fully paid up Equity Shares.Key financial and structural details of the Rights Issue are summarized below:
| Particulars | Detail |
|---|---|
| Type of Security Proposed to be Issued | Fully paid up Equity Shares of face value of ₹10/- each (Rights Equity Shares) |
| Total Number of Securities Proposed to be Issued | 46,43,471 fully paid up Equity Shares |
| Issue Price per Rights Equity Share | ₹215/- (including a premium of ₹205/- and face value of ₹10/-) |
| Total Issue Size (assuming full subscription) | ₹99,83,46,265 |
Prior to the rights issue, the company held 7,20,96,000 Equity Shares of ₹10/- each. Assuming full subscription of the offered securities, the total number of outstanding equity shares post Rights Issue is determined to be 7,67,39,471 shares of ₹10/- each.
The terms and timelines governing the offering include:
- Record Date: August 06, 2026, which determines the eligible equity shareholders entitled to receive the rights entitlement.
- Rights Issue Period: The Opening Date is set for Friday, August 14, 2026, with a Closing Date of Friday, August 21, 2026.
- Entitlement Ratio: Eligible Equity Shareholders are entitled to 19 Rights Equity Shares for every 295 Equity Shares held as on the record date.
The full amount of the Issue Price, which is ₹215/-, will be payable on application.
Appointment of Internal Auditor
Concurrently with the capital market decisions, the Board approved the appointment of M/s. Ankit Mundra & Associates (Firm Registration No. 025271C) to serve as the Internal Auditors of Shanti Gold International Limited for the financial year 2026-27.M/s. Ankit Mundra & Associates, a firm committed to delivering high quality assurance and advisory services, has been appointed with effect from July 31, 2026. The appointment is designated for the re-appointment of the firm for the specified fiscal year.
SHANTIGOLD Stock Price Movement
Shares of Shanti Gold International Limited are edging higher to ₹216.85 as of 1:45 PM, gaining 0.27% or ₹0.59 in live trading. The equity currently trades within an intraday range spanning from a low of ₹214.65 to a high of ₹217.8, with over 254,094 shares traded.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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