Key Decisions and Approvals
1. Approval of Terms of Rights Issue
Following in-principle approval received from National Stock Exchange of India Limited and BSE Limited via letters dated July 23, 2026, the Board approved the terms of a Rights Issue:
- Type of Security: Fully paid-up Equity Shares of face value ₹10 each ("Rights Equity Shares")
- Type of Issuance: Rights Issue of fully paid-up Equity Shares
- Total Number of Securities: 46,43,471 Equity Shares
- Issue Price: ₹215 per Rights Equity Share (including premium of ₹205 per share and face value of ₹10 each)
- Issue Size: ₹99,83,46,265 (assuming full subscription)
The Company has made necessary arrangements with NSDL and CDSL for credit of Rights Entitlements in dematerialized form to eligible shareholders' accounts, in accordance with SEBI circulars dated January 22, 2020, May 19, 2022, and the SEBI Master Circular dated July 11, 2023.
The Board adopted the Letter of Offer, which will be filed with BSE Limited and National Stock Exchange of India Limited and dispatched to eligible equity shareholders as of the record date.
2. Appointment of Internal Auditors
The Board approved the appointment of M/s. Ankit Mundra & Associates (Firm Registration No. 025271C) as Internal Auditors of the Company for FY 2026-27, effective July 31, 2026. The appointment is made pursuant to provisions of the Companies Act, 2013 and applicable rules.
Auditor Profile: M/s. Ankit Mundra & Associates is described as a firm of Chartered Accountants providing assurance, taxation, and advisory services across various industries including manufacturing, trading, services, infrastructure, real estate, and non-profit organizations.
Meeting Details
- Date: Friday, July 31, 2026
- Commencement Time: 12:30 p.m. IST
- Conclusion Time: 01:30 p.m. IST
Additional Information
The intimation is being uploaded on the Company's website at www.shantigold.in. The disclosure is signed by Vrushti Shah, Company Secretary & Compliance Officer.