Esaar (India) Limited has issued a notice regarding an upcoming meeting of its Rights Issue Committee scheduled for Wednesday, August 19, 2026. This meeting follows the Board of Directors' approval on June 10, 2026 for a rights issue of equity shares with a face value of ₹10 each, aiming to raise up to ₹60 crore (Rupees Sixty Crore only).
The Rights Issue Committee will consider, discuss, and decide on various matters related to the rights issue, including:
- Determination of the Rights Issue price and related payment mechanism
- Rights entitlement ratio
- Record date for the rights issue
- Timing of the Rights Issue
- Other related matters
The company has complied with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, by issuing this intimation.
Additionally, in accordance with the Company's Code of Conduct for Prevention of Insider Trading, the trading window for the company's equity shares has been closed for directors, designated persons, and their immediate relatives from August 14, 2026 until 48 hours after the conclusion of the board meeting.
Regulatory Framework
The rights issue is being conducted in accordance with:
- Companies Act, 2013 and rules made thereunder
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
- Other applicable laws