S.M. Gold Ltd board approved revised Draft Letter of Offer for a 2:1 rights issue at ₹10 per share on March 23, 2026.
Issue size is up to ₹2,647.50 Lakhs via 2,64,75,024 equity shares; post-issue share capital will rise to 3,97,12,536 shares.
Key revision: promoter's outstanding unsecured loan will be converted to equity against their rights entitlement, pending approvals.
Company Secretary and Compliance Officer resignation was noted at the same board meeting.