SI Capital Announces Details of Equity Rights Issue: Up To 75 Million Shares Offered at Rs 10 Per Share

SI Capital Announces Details of Equity Rights Issue: Up To 75 Million Shares Offered at Rs 10 Per Share​

SI Capital & Financial Services Ltd has approved key terms for a rights issue intended to eligible shareholders. The Board of Directors, in its meeting on July 24, 2026, ratified the structure of the Rights Issue, which follows an earlier approval granted by BSE Limited regarding the In Principle Approval of the offer.

The company confirmed that it will issue Equity Shares for a face value of Rs. 10 each. The total number of securities proposed in this rights issue is up to 75,75,000 Equity Shares, aggregating up to Rs. 757.50 Lakhs (Rupees Seven Hundred and FiftySeven Lakhs Fifty Thousand only), subject to the finalization of the Basis of Allotment and assuming full subscription.

Rights Issue Details

The terms approved by the Board define several critical aspects of the offering:

• Instrument: Fully Paid-up Equity Shares of 10/- Each.
• Maximum Offering: Up to 75,75,000 Equity Shares for an amount not exceeding Rs. 757.50 Lakhs.
• Rights Entitlement Ratio: The ratio is set at 3:2 (Three Equity Share for every Two Fully Paid Equity Shares held by existing shareholders on the Record Date).
• Issue Price: The Rights Issue Price has been fixed at Rs. 10.00 per Rights Equity Share.

Eligible equity shareholders will receive Rights Entitlements (REs) prior to the issue opening date, which have arrangements made with NSDL and CDSL for credit in dematerialized form. Shareholders who receive REs can apply for the rights issue or renounce them through the secondary market or via off-market transfer.

Key Timelines and Shareholding Figures

The company has set specific dates for allotment determination and the offering period. The Record Date, determining which shareholders are eligible to apply, is set as Friday, July 31, 2026.


Outstanding Equity and Share Structure

The approved terms outline the shift in outstanding shares post-issue. Prior to the Rights Issue, the company had an outstanding equity base of 50,50,000 shares. Upon completion of the Rights Issue, the total number of shares is projected to reach 1,26,25,000.

The ISIN for entitlement rights has been assigned as INE417F20017. The Board also confirmed that if any shareholder holds a fractional entitlement (i.e., less than two Equity Shares or not in the multiple of 2), their fractional entitlement will be ignored, but they will receive preferential consideration for one additional Rights Equity Share if they apply over and above their entitled share quantity.

Stock Price Movement​

As of 15:13, SI Capital & Financial Services Ltd. is ticking up by 5.00% in the market, trading at ₹32.77 per share. The shares moved between a low of ₹32.70 and an intraday high of ₹32.77.