SI Capital Approves Rights Issue: Details, Timeline Set for up to 75.75 Lakh Shares

SI Capital Approves Rights Issue: Details, Timeline Set for up to 75.75 Lakh Shares​

SI Capital & Financial Services Limited has approved the terms of a proposed rights issue, offering eligible shareholders an opportunity to subscribe to new equity shares at a fixed price. The rights issue is part of plans stemming from previous Board approvals and subsequent in-principle approval received from BSE Limited on June 24, 2026.

The company's Board of Directors approved the terms during its meeting held on July 24, 2026. The Rights Issue involves the issuance of fully paid-up equity shares, each having a face value of Rs. 10.00.

Key Terms of the Rights Issue​

Under the approved structure, SI Capital is proposing to issue up to 75,75,000 Equity Shares. These new securities are being offered for an aggregate amount not exceeding Rs. 757.50 Lakhs. The rights entitlement ratio is set at three (3) Equity Shares for every two (2) Fully Paid Equity Shares held by the Existing Shareholders on the Record Date.

The issue price for the Rights Equity Share has been finalized at Rs. 10.00 per share. The ISIN obtained for the Entitlement Rights is INE417F20017.

Critical Dates and Timeline​

The eligibility of shareholders to apply for the Right Issue will be determined based on a set Record Date. Key dates related to the rights entitlement and subscription period have been finalized:


The Record Date, which determines the shareholders eligible to apply for the Right Issue, is set as July 31, 2026. The Board also noted that the Issue period could potentially be extended by up to 30 days from the Issue Opening Date, provided such extension is determined by the Board or an authorized Rights Issue committee.

Shareholding Impact and Fractional Entitlement​

The rights issue is expected to significantly impact the company's outstanding share capital. Prior to the offering, SI Capital had 50,50,000 Outstanding Equity Shares. Post Rights Issue, the total shares are projected to reach 1,26,25,000, assuming full subscription.

Regarding fractional entitlement, the offer is based on the 3:2 ratio. If an Eligible Equity Shareholder's shareholding is less than two (2) Equity Shares or not in a multiple of two, their fractional entitlement will be ignored during the initial computation. However, these shareholders will receive preferential consideration for the allotment of one additional Rights Equity Share if they apply for it over and above their calculated Rights Entitlement.

The terms of the Right Issue, including the detailed application procedure, are available in the Letter of Offer which is being filed with BSE Limited.

Stock Price Movement​

As of 14:44, shares of SI Capital & Financial Services Ltd are edging higher, trading at ₹32.77 and posting a strong 5.00% gain. The stock has seen movement within an intraday range established between the low of ₹32.70 and its current high at ₹32.77.