Kanel Industries Ltd Approves Rights Issue Terms

Kanel Industries Ltd's Board of Directors has approved the terms for a Rights Issue. The company will issue 42,52,500 fully paid-up Equity Shares of face value Rs. 10 each at an issue price of Rs. 39.95 per share (including a premium of Rs. 29.95). The total amount to be raised is Rs. 16,98,87,375. The record date for determining eligible shareholders is November 13, 2026. The Rights Issue opens on November 23, 2026, and closes on November 30, 2026. The entitlement ratio is 54 Rights Equity Shares for every 10 Equity Shares held.