Key Quantitative Figures

  • Issue Size: Up to ₹757.50 Lakhs (₹7.575 crore)
  • Number of Shares: Up to 75,75,000 equity shares of face value ₹10 each
  • Issue Price: ₹10.00 per rights equity share
  • Current Outstanding Shares: 50,50,000 equity shares
  • Post-Issue Shares (if fully subscribed): 1,26,25,000 equity shares

Dates and Timeline

  • Board Meeting Date: July 24, 2026 (commenced 12:00 PM, concluded 2:25 PM)
  • Record Date: Friday, July 31, 2026
  • Rights Entitlement Credit Date: Tuesday, August 4, 2026
  • Issue Opening Date: Monday, August 10, 2026
  • Last Date for On-Market Renunciation: Friday, August 28, 2026
  • Issue Closing Date: Thursday, September 3, 2026

Parties Involved

  • Issuer: S I Capital & Financial Services Limited
  • Stock Exchange: BSE Limited
  • Depositories: NSDL and CDSL
  • Regulatory Reference: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Terms of the Rights Issue

  • Instrument: Fully paid-up equity shares of ₹10 each
  • Right Entitlement Ratio: 3 equity shares for every 2 fully paid equity shares held
  • ISIN for Entitlement Rights: INE417F20017
  • Fractional Entitlement Treatment: Fractional entitlements ignored, but eligible shareholders get preferential consideration for one additional rights equity share if they apply for additional shares
  • Renunciation Options: Both on-market (through stock exchanges) and off-market transfer permitted

Regulatory Approvals and Background

  • BSE In-Principle Approval: Received on June 24, 2026 (Approval Letter LOD/RIGHT/MV/FIP/437/2026-27)
  • Initial Board Approval: February 20, 2026
  • Draft Letter of Offer: Submitted to BSE on May 13, 2026
  • Final Letter of Offer: Approved by Board on July 24, 2026

Procedural Details

  • Rights Entitlements (REs) will be credited to demat accounts of eligible shareholders prior to issue opening date
  • Company has made necessary arrangements with NSDL and CDSL for RE credit
  • Board reserves right to extend issue period up to 30 days from opening date
  • No withdrawal of applications permitted after issue closing date
  • Detailed terms and application procedure specified in Letter of Offer available at www.sicapital.co.in

Capital Structure Impact

If fully subscribed, the rights issue will increase the company's outstanding equity shares from 50,50,000 to 1,26,25,000, representing significant dilution and capital expansion.