Esaar (India) Limited disclosed the outcome of its Rights Issue Committee meeting held on August 19, 2026, regarding a proposed rights issue. The disclosure is made pursuant to Regulations 30 and 42(2) of the SEBI Listing Regulations.
The company received in-principle approval from BSE Limited for the proposed Rights Issue of up to ₹6000.00 lakhs via their letter dated August 14, 2026.
Key Terms of the Rights Issue Approved by the Committee:
- Instrument: Fully paid-up Equity Shares of Face Value of ₹10 each
- Type of Issuance: Rights Issue of Fully paid-up Equity Shares
- Total Number of Shares: 5,99,64,667 Rights Equity Shares
- Issue Size: ₹59,96,46,670 (₹5996.47 Lakhs) assuming full subscription
- Issue Price: ₹10 per Rights Equity Share (including premium of ₹0 each) payable on application
- Rights Entitlement Ratio: 44 Rights Equity Shares for every 15 Fully Paid-Up Equity Shares held on the Record Date
- Record Date: Tuesday, August 25, 2026 for determining eligible shareholders
- ISIN for Rights Entitlement: INE404L20013
Rights Issue Schedule:
- Issue Opening Date: Thursday, August 27, 2026
- Issue Closing Date: Friday, September 11, 2026
- Finalisation of Basis of Allotment: Tuesday, September 15, 2026 (on or about)
- Allotment of Shares: Tuesday, September 15, 2026 (on or about)
- Credit of Equity Shares: Wednesday, September 16, 2026 (on or about)
- Listing of Shares: Wednesday, September 17, 2026 (on or about)
Share Capital Impact:
- Pre-Rights Issue Outstanding Equity Shares: 2,04,42,500 equity shares
- Post-Rights Issue Outstanding Equity Shares: 8,04,07,167 equity shares (assuming full subscription)
The Board of Directors adopted the Letter of Offer to be filed with BSE Limited, which will be dispatched to eligible shareholders as on the Record Date.
The meeting of the Rights Issue Committee commenced at 4:00 PM and concluded at 4:30 PM.