Nature of the Event

Regulatory disclosure filed with BSE and NSE regarding a proposed rights issue of equity shares, in compliance with SEBI ICDR Regulations and Companies Act, 2013.

Key Quantitative Figures

  • Issue Size: Up to 3,00,00,000 (3 crore) equity shares
  • Face Value: ₹1 per share
  • Issue Price: ₹15 per share (₹1 face value + ₹14 premium)
  • Total Amount: ₹45 crore (assuming full subscription)
  • Record Date: September 15, 2026
  • Ratio: 3 rights shares for every 8 fully paid-up equity shares held
  • Payment Schedule: ₹7.5 on application, ₹7.5 in one or two subsequent calls by January 31, 2027

Dates of Action

  • Rights Entitlement Credit Date: September 17, 2026
  • Issue Opening Date: September 23, 2026
  • Last Date for On-Market Renunciation: October 8, 2026
  • Issue Closing Date: October 14, 2026
  • Finalization of Basis of Allotment: October 15, 2026 (on or about)
  • Date of Allotment: October 15, 2026 (on or about)
  • Credit of Rights Equity Shares: October 16, 2026 (on or about)
  • Date of Listing: October 19, 2026 (on or about)

Parties Involved

  • Issuer: Century Extrusions Limited
  • Registrar to Issue: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Banker to Issue: ICICI Bank Limited
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Designated Stock Exchange: BSE Limited
  • Statutory Auditors: M/s. Alps & Co, Chartered Accountants
  • Advisor to Issue: Sumedha Fiscal Services Limited

Objects of the Issue

Net proceeds of ₹43.9 crore (after estimated issue expenses of ₹1.1 crore) will be utilized as follows:

1. Repayment of Unsecured Loans: ₹14 crore (full repayment of loans from various private entities)

2. Working Capital Requirements: ₹20 crore for brownfield expansion at Kharagpur manufacturing facility

3. General Corporate Purposes: ₹9.9 crore (not exceeding 25% of gross proceeds)

Capital Structure Impact

  • Pre-Issue Paid-up Capital: 8,00,00,000 equity shares of ₹1 each
  • Post-Issue Paid-up Capital: 11,00,00,000 equity shares of ₹1 each (assuming full subscription)
  • Dilution: 37.5% increase in share capital
  • Promoter Holding: Promoters have committed to fully subscribe to their entitlements and may subscribe to unsubscribed portion

Financial Impact

  • Securities Premium Account: Increase by ₹42 crore (₹14 premium × 3 crore shares)
  • Debt Reduction: ₹14 crore unsecured loan repayment will reduce interest burden
  • Working Capital: ₹20 crore infusion to support operations and expansion

Risk Factors Disclosed

The document lists 56 risk factors including:

  • Promoter association with NPA company (Century Aluminum Manufacturing Company Limited)
  • Pending litigation totaling ₹7.84 crore (tax and statutory demands)
  • High working capital requirements
  • Dependence on limited suppliers and customers
  • Volatility in raw material prices
  • Competitive industry pressures

Contingent Liabilities (as of March 31, 2026)

  • Guarantees/Letter of Credits: ₹16.14 crore
  • Bills Discounted with Banks: ₹21.19 crore
  • Employees State Insurance Demand: ₹3 lakh
  • West Bengal Entry Tax: ₹6.46 crore
  • Income Tax and GST demands: Quantified but amount not specified in disclosure

Important Confirmations

  • Company, promoters, and directors are not wilful defaulters or fraudulent borrowers
  • Equity shares have not been suspended from trading as disciplinary measure in last three years
  • Company is in compliance with SEBI LODR Regulations for the last three years
  • No outstanding fines/penalties against the company

Subscription Process

  • Mandatory ASBA process for all applications
  • Rights entitlements credited in dematerialized form only
  • Trading of rights entitlements permitted from September 23 to October 8, 2026
  • Eligible shareholders holding physical shares must provide demat details by October 9, 2026