Key Details of Withdrawn Rights Issue
- Issue Type: Rights Issue of Equity Shares
- Face Value: ₹2 per share
- Total Issue Size: ₹1,600 lakhs (₹16 crore)
- Board Approval Date: August 17, 2026
Withdrawal Decision
- Decision Date: October 6, 2026
- Reason: Prevailing unfavorable market conditions and certain business considerations
- Board Meeting Timing: Commenced at 04:00 p.m., concluded at 05:10 p.m.
Current Status Confirmation
The company confirms that as of the date of this disclosure:
- No Letter of Offer has been issued
- The Issue has not been opened
- No Rights Entitlements have been issued or credited
- No application monies have been received from investors
- No investors or shareholders are affected by this withdrawal
Regulatory Request
Formal request to both stock exchanges to:
- Take this withdrawal on record
- Treat the Draft Letter of Offer (DLOF) as withdrawn
- Close the application made by the Company in respect of the Issue