Rights Issue30 Jul 2026, 04:11 pm
Pratiksha Chemicals Plans ₹70 Cr Rights Issue
AI Summary
Pratiksha Chemicals Ltd announced its Board of Directors has approved a Rights Issue to raise up to ₹70 crore by issuing equity shares. The face value of each share is ₹10. The company will also seek shareholder approval for an increase in authorized share capital from ₹7.5 crore to ₹77.5 crore. Additionally, the board approved the rescinding of a previous special resolution regarding the authorized share capital increase. The company is also seeking approval for the reclassification of certain shareholders from Promoter to Public category, subject to stock exchange approval. A Rights Issue Committee has been formed to manage the process.
Key Highlights
- Board approves Rights Issue to raise up to ₹70 crore.
- Equity shares with a face value of ₹10 to be issued.
- Authorized share capital to be increased to ₹77.5 crore.
- Shareholder approval sought for capital increase and rescinding resolution.
- Reclassification of promoters to public category approved.
Price Impact
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