Rights Issue23 Mar 2026, 06:58 pm
S. M. Gold Ltd Announces Rights Issue of Equity Shares for Fund Raising
AI Summary
S. M. Gold Limited has announced a rights issue of equity shares at a face value of Rs. 10.00/- for fund raising. The Board of Directors considered the proposal at their meeting held on March 23, 2026. The rights issue will involve up to 26475024 fully paid-up equity shares, with a rights entitlement ratio of 2:1. The record date for the rights entitlement will be announced in due course. This decision follows the resignation of the Company Secretary and Compliance Officer, and the acceptance of revised terms and conditions of a draft letter of offer by the Promoter.
Key Highlights
- S. M. Gold Ltd announces a rights issue of equity shares for fund raising.
- The rights issue involves up to 26475024 fully paid-up equity shares with a face value of Rs. 10.00/- each.
- The rights entitlement ratio is 2:1, meaning 2 rights equity shares for every 1 equity share held.
- The record date for the rights entitlement will be announced in due course.
- The decision follows the resignation of the Company Secretary and Compliance Officer and the acceptance of revised terms and conditions of a draft letter of offer by the Promoter.