Key Decision
The Board of Directors of Shanti Gold International Limited approved a proposal to raise funds by issuing fully paid-up Equity Shares with a face value of ₹10 each. The total amount to be raised is not exceeding ₹100 crores (Rupees One Hundred crores only).
Method of Fundraising
The fundraising will be conducted by way of a Rights Issue. The shares will be offered to the eligible equity shareholders of the Company as on a record date, which is to be determined and notified subsequently.
Governing Regulations & Approvals
The issuance will be conducted in accordance with:
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
- Companies Act, 2013 and its rules (as amended)
The issue is subject to receipt of relevant regulatory and statutory approvals.
Terms to be Finalized
The Board of Directors will subsequently decide the specific terms and conditions of the Rights Issue, including:
- The issue price
- The rights entitlement ratio
- The record date
- The timing of the issue
- The terms of payment
Meeting & Filing Details
- Board Meeting Date: Tuesday, June 30, 2026
- Meeting Timing: Commenced at 12:30 p.m. IST and concluded at 01:30 p.m. IST.
- SEBI Reference: This disclosure is made under Regulation 30 and includes details as required by Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
- Company Official: The letter is signed by Vrushti Shah, Company Secretary & Compliance Officer.
Annexure Details (Annexure I)
The enclosed annexure provides the following specifics for the proposed issuance:
- Type of Security: Equity Shares
- Type of Issuance: Rights Issue
- Total Amount: Not exceeding ₹100 crore (Rupees One Hundred Crores only)