StockWatch
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Construction Vehicles
Rights Issue28 May 2026, 11:04 pm

Board approves ₹41.25 First & Final Call for Rights Issue

AI Summary

The Board of Directors of 505196, at its meeting on May 28, 2026, approved the first and final call money of ₹41.25 per share on 1,20,91,760 partly paid-up equity shares. These shares were issued as part of a Rights Issue on April 9, 2026, representing the remaining 25% of the issue price of ₹165 per share. Wednesday, June 3, 2026, has been fixed as the record date for determining eligible shareholders for this call. Trading in these partly paid-up equity shares (ISIN: IN9806C01016) will be suspended from June 3, 2026. Further details will be provided in the Call Notice.

Key Highlights

  • Board approved ₹41.25 first & final call per share.
  • Call money for 1.2 crore partly paid Rights Issue shares.
  • Record date for call money is June 3, 2026.
  • Trading in partly paid shares suspended from June 3.
  • Completes 25% of the ₹165 Rights Issue price.