StockWatch
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Iron & Steel Products
Rights Issue10 Sept 2026, 10:10 pm

Ratnaveer Precision Engineering Allots 1.25 Cr Rights Shares

AI Summary

Ratnaveer Precision Engineering Limited announced the final allotment of 1,24,99,669 equity shares on a rights basis. The issue price was ₹264 per share, including a premium of ₹254. This allotment increases the company's paid-up equity share capital from ₹71,42,66,810 to ₹83,92,63,500. The Board of Directors approved the allotment in a meeting held on September 10, 2026. The company also approved the extinguishment of lapsed rights entitlements and deactivation of the corresponding ISIN.

Key Highlights

  • Allotment of 1,24,99,669 equity shares completed.
  • Rights issue price set at ₹264 per share.
  • Paid-up share capital increased post-allotment.
  • Lapsed rights entitlements extinguished.