Company Disclosure
Ducon Infratechnologies Limited (Scrip Code: 534674 | ISIN: INE741L01018) intimated the National Stock Exchange of India Limited and BSE Limited on August 7, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has received in-principle approval letters dated August 6, 2026, from both exchanges for the issuance of equity shares on a rights basis.
BSE Limited Approval Details
BSE Limited granted in-principle approval via letter reference LOO/RIGHT /RB/FIP /626/2026-27 dated August 6, 2026. The approval permits the company to use BSE's name in its Letter of Offer provided it includes a specific disclaimer clause. The disclaimer states that BSE does not warrant, certify, or endorse the correctness or completeness of the offer document, nor does it take responsibility for the financial soundness of the company. A shortened version of this disclaimer must be used in all advertisements.
Key conditions and requirements from BSE include:
- The company must fix a record date for the rights issue and give the exchange at least three working days' advance notice.
- The rights issue price must be intimated to the exchange at least three working days prior to the record date.
- The company must confirm completion of posting of the letter of offer and composite application form before dealings in Letters of Renunciation can be permitted.
- The company must have agreements with all depositories for dematerialization of securities and give investors the option to receive allotment in dematerialized form.
- The Basis of Allotment must be approved by the Designated Stock Exchange, even in case of under-subscription.
- The company must have a qualified Company Secretary as Compliance Officer as per Regulation 6(1) of SEBI LODR.
- Payment of all applicable charges to BSE for system usage must be made.
- Compliance with Sections 186 and 188 of the Companies Act, 2013 and Regulation 23 of SEBI LODR must be completed prior to filing the listing application.
- A certificate from the Secretarial Auditor confirming ODI compliance must be procured before filing the listing application.
National Stock Exchange of India Limited Approval Details
NSE granted in-principle approval via letter reference NSE/LIST/55767 dated August 6, 2026. The approval is for a proposed rights issue of up to fully paid-up equity shares of Re. 1 each, with an issue size of ₹25 crores, to be issued to eligible equity shareholders on the record date.
Approval is subject to the following conditions:
1. Filing the listing application at the earliest from the date of allotment.
2. Receipt of statutory and other approvals and compliance with guidelines/regulations issued by SEBI, RBI, MCA, etc.
3. Compliance with all guidelines, regulations, and directions of the Exchange or any statutory authorities.
4. Compliance with all conditions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on date of listing.
5. Compliance with the Companies Act, 1956/2013 and other applicable laws.
NSE also requires the inclusion of a similar disclaimer clause in the Letter of Offer and advertisements. The exchange specifically notes that the company should not take any steps to dematerialize any securities except rights entitlement until further notice.
Additional Information
The company's application for the rights issue was dated June 13, 2026. Bigshare Services Private Limited is named as the Registrar to the Issue. Both National Securities Depository Limited and Central Depository Services Limited are copied on the NSE approval letter.