StockWatch
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Residential- Commercial Projects
Rights Issue17 Aug 2026, 07:30 pm

Atal Realtech Plans ₹16 Cr Rights Issue

AI Summary

Atal Realtech Ltd's Board of Directors has approved a fund-raising plan through a rights issue of equity shares, aiming to raise up to ₹16 Crore. The decision was made during a board meeting held on August 17, 2026. The company will offer equity shares of face value ₹2 each to eligible shareholders. The Board has also approved the Draft Letter of Offer and will finalize terms such as issue price, entitlement ratio, and record date. This move is subject to regulatory approvals, including those from SEBI.

Key Highlights

  • Atal Realtech to raise up to ₹16 Crore via rights issue.
  • Board of Directors approved the fund-raising plan.
  • Equity shares of face value ₹2 to be issued.
  • Draft Letter of Offer has been approved.
  • Issue terms to be finalized, subject to regulatory approvals.