Rights Issue7 May 2026, 06:31 pm
Pratik Panels to Raise ₹40.25 Cr via Rights Issue
AI Summary
Pratik Panels Ltd's board approved raising up to ₹40.25 Cr through a rights issue of equity shares to eligible shareholders. The board also approved the Draft Letter of Offer (DLOF) for submission to BSE Limited, seeking in-principal approval. A Rights Issue Committee has been formed to decide on the record date, issue price, entitlement ratio, and terms of payment. Intermediaries and agencies will also be appointed.
Key Highlights
- Pratik Panels plans to raise up to ₹40.25 Cr via a rights issue.
- The Draft Letter of Offer (DLOF) has been approved for submission to BSE.
- A Rights Issue Committee will determine key terms, including record date and issue price.
- Appointment of intermediaries and agencies is also approved.
Price Impact
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