Sunrest Lifescience Announces Right Issue of Equity Shares with Specific Timeline
Sunrest Lifescience Limited has announced a rights issue of equity shares, providing existing shareholders an opportunity to participate in the company’s growth. The board meeting held on August 4, 2026, approved the terms and timeline for this corporate action.The eligibility for the rights issue is set by a record date of August 10, 2026. The public offer period begins with the Issue Open Date scheduled for August 18, 2026. Shareholders will have until August 28, 2026, as the Last Date for On Market Renunciation of the Right Entitlement. The issue is slated to close on September 2, 2026.
The terms and financial structure of the rights issue are detailed as follows:
| Particulars | Details |
|---|---|
| Type of Securities | Fully Paid up Equity Shares |
| Face Value per Share | Rs. 10/- |
| Issue Price per Share | Rs. 35/-, including a premium of Rs. 25/- |
| Rights Ratio | 1 Right Equity Share for every 1 Fully paid-up Equity Share held by the Eligible Equity Shareholder as on the Record Date |
| Existing Shares (Pre-Issue) | 4,291,200 Equity Shares of Rs. 10/- each |
| Potential Shares (Post-Issue) | 8,582,400 Equity Shares of Rs. 10/- each (assuming full subscription) |
The company noted that the Full Amount for Rights Equity Shares must be paid by the eligible shareholders at the time of making an application.
Management has also confirmed that the Board retains the right to extend the issue period, provided the extension does not exceed 30 days from the Issue Opening Date. The announcement specified that no withdrawal of application shall be permitted by any Applicant after the Issue Closing Date.
Sunrest Lifescience Limited further stated that the terms of payment and procedure for the Rights Issue will be fully detailed in a Letter of Offer, which will be issued to Eligible Equity Shareholders who hold shares as of the Record Date.
SUNREST Stock Price Movement
As of 1:17 PM, shares of Sunrest Lifescience Limited are holding steady in live trading at ₹36.50, maintaining a flat movement with zero percentage change. The equity continues to trade within its daily price band, fluctuating between ₹29.20 and ₹43.80 during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.