StockWatch
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Printing & Publication
Rights Issue29 Apr 2026, 08:51 pm

Shakti Press Board Approves Letter of Offer for Rights Issue

AI Summary

Shakti Press Ltd's Board of Directors convened on April 29, 2026, to approve the 'Letter of Offer' for its upcoming Rights Issue. The approval includes the Abridged Letter of Offer, Rights Entitlement Letter, and Common Application Form, which will be filed with BSE Limited, the designated stock exchange. The company has also finalized arrangements with NSDL and CDSL to ensure the credit of Rights Entitlements (REs) in dematerialized form to eligible equity shareholders' demat accounts. The ISIN for these dematerialized REs is INE794C20016, and they will be credited prior to the issue opening date. This marks a significant step towards the company's capital raising initiative through the Rights Issue.

Key Highlights

  • Board approved the Letter of Offer for the Rights Issue.
  • Required documents for the Rights Issue are finalized.
  • BSE Limited will be the designated stock exchange.
  • Arrangements made for dematerialized Rights Entitlements.
  • ISIN for Rights Entitlements is INE794C20016.