StockWatch
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Diversified Commercial Services
Board Meeting10 Jun 2026, 06:21 pm

Esaar India Approves Rights Issue Up to ₹600 Cr, Appoints New CFO

AI Summary

Esaar India Ltd's Board of Directors has approved a Rights Issue of equity shares, aiming to raise up to ₹600 crore. The board also appointed Mr. Dipesh B. Mistri as the new Chief Financial Officer (CFO) & Key Managerial Personnel (KMP), effective June 10, 2026. A Rights Issue Committee has been formed to oversee the process, and necessary intermediaries have been appointed. The company will separately intimate the Record Date.

Key Highlights

  • Board approves Rights Issue of up to ₹600 crore.
  • Mr. Dipesh B. Mistri appointed as new CFO & KMP.
  • Rights Issue Committee constituted for oversight.
  • Draft Letter of Offer to be filed with SEBI.