Key Quantitative Figures

  • Total Issue Size: 74,79,917 equity shares
  • Face Value: ₹10 per share
  • Issue Price: ₹120 per share (including premium of ₹110)
  • Total Proceeds: ₹89,759,000 (₹89.76 crore)
  • Rights Entitlement Ratio: 5 shares for every 6 shares held
  • Record Date: October 30, 2026
  • Minimum Subscription Requirement: 90% of issue size

Issue Schedule

  • Last Date for Credit of Rights Entitlements: November 2, 2026
  • Issue Opening Date: November 12, 2026
  • Last Date for On-Market Renunciation: November 20, 2026
  • Issue Closing Date: November 26, 2026
  • Finalization of Allotment: November 27, 2026
  • Date of Allotment: November 27, 2026
  • Credit of Shares: November 30, 2026
  • Listing Date: November 30, 2026

Parties Involved

  • Registrar to Issue: MUFG Intime India Private Limited
  • Banker to Issue: Axis Bank Limited
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Designated Stock Exchange: BSE Limited
  • Statutory Auditor: M/s A H Mandaliya & Associates

Objects of Issue

| Sr. No. | Particulars | Amount (₹ lakhs) |

| 1 | Investment in subsidiaries (Urja Protein India Pvt Ltd and Fresita Food Pvt Ltd) | 7,000.00 |

| 2 | General Corporate Purposes | 1,875.90 |

| 3 | Issue Related Expenses | 100.00 |

| | Total Gross Proceeds | 8,975.90 |

Capital Structure Impact

  • Pre-Issue Paid-up Capital: 89,75,900 equity shares of ₹10 each (₹8.97 crore)
  • Post-Issue Paid-up Capital (if fully subscribed): 1,64,55,817 equity shares (₹16.46 crore)
  • Securities Premium Account (post-issue): ₹158.40 crore
  • Promoter Holding Pre-Issue: 72,39,842 shares (80.66%)
  • Promoter Holding Post-Issue: Will reduce due to entitlement forgone

Promoter Participation

Promoter (Onix Renewable Limited) and promoter group have confirmed they will not participate in the rights issue and will forgo their entitlement to help the company meet minimum public shareholding requirements under SEBI Listing Regulations.

Financial Information

Selected Financial Data (Amount in lakhs except EPS and NAV):

| Period | Total Income | Net Profit/(Loss) | Equity Capital | Net Worth | EPS (₹) |

| Jun-26 (3M) | 1,299.30 | 165.97 | 975.45 | Not available | 1.85 |

| Jun-25 (3M) | 1,095.46 | (49.34) | 250.45 | Not available | (2.86) |

| Mar-26 (FY) | 1,650.74 | 45.44 | 975.45 | 8,620.74 | 0.51 |

| Mar-25 (FY) | 2,419.17 | 0.50 | 250.45 | 237.80 | 0.03 |

Risk Factors

Internal Risks: Dependence on leased premises, third-party suppliers, inadequate insurance coverage, seasonal business nature, geographic concentration in Gujarat, intense competition, and recent diversification into agriculture business.

Issue Specific Risks: Promoter not participating, minimum subscription requirement of 90%, dematerialized allotment only, potential lapse of unexercised rights entitlements, and possible price volatility.

Important Conditions

  • Payment Terms: Full amount of ₹120 per share payable on application
  • Allotment: Only in dematerialized form to same demat account where existing shares are held
  • Trading: Rights entitlements will trade under ISIN INE995U20011
  • Foreign Investment: Subject to FEMA regulations and sectoral limits
  • No Withdrawal: Applications cannot be withdrawn after issue closing date

Corporate Background

Fresita Proteins Limited (formerly Sarda Proteins Limited) was incorporated on December 3, 1991. The company is engaged in agriculture, horticulture, allied activities, and trading of solar modules and renewable energy products. Registered office is in Alwar, Rajasthan and corporate office in Rajkot, Gujarat.

#Tags: #FresitaProteins #RightsIssue #SEBIDisclosure #CorporateAction #FinancialUpdate #Neutral