BCC Fuba India Limited has announced a comprehensive rights issue notification under Regulation 84 of SEBI ICDR Regulations, with the record date set for Wednesday, March 11, 2026. The company submitted newspaper advertisements to BSE Limited on March 16, 2026, providing detailed information about the rights issue process and key dates for eligible shareholders.

Rights Issue Structure and Pricing

The rights issue comprises up to 45,93,015 partly paid-up equity shares of face value ₹10 each, priced at ₹75 per rights equity share including a premium of ₹65 per share. The total issue size aggregates to ₹3,444.76 lakhs, assuming full subscription and subject to finalization of basis of allotment.

The issue price represents 7.5 times the face value of the equity shares. Eligible shareholders will receive 3 rights equity shares for every 10 fully paid-up equity shares held on the record date.

Key Timeline and Dates

The company has established a structured timeline for the rights issue process. The dispatch of the Letter of Offer and application forms was completed on March 13, 2026.

The Board or Fund Raising Committee reserves the right to extend the issue period as determined from time to time, but not exceeding 30 days from the issue opening date.

Payment Schedule Structure

The rights equity shares follow a partly paid-up structure with a defined payment schedule. The payment is divided into two equal installments of ₹37.50 each, constituting 50% of the issue price per installment.

The company may make not more than two calls with terms and conditions regarding the number of calls, timing, and quantum as decided by the Board or Fund Raising Committee.

Specific Investors and Commitments

The company has identified specific investors to subscribe to any under-subscribed portion of the issue in accordance with SEBI ICDR Regulations. Promoters Manju Bhardwaj and Abhinav Bhardwaj have confirmed they will not renounce their respective rights entitlements in favor of specific investors.

Application Process and Requirements

All investors must use the ASBA (Applications Supported by Blocked Amount) process for applications in accordance with Regulation 76 of SEBI ICDR Regulations. The rights entitlements will be credited to demat accounts of eligible shareholders and admitted for trading on the stock exchange under ISIN INE788D20016.

Eligible shareholders holding equity shares in physical form must furnish demat account details to the Registrar or company at least two working days prior to the issue closing date. Those failing to provide demat details within the stipulated time will have their rights entitlements lapse and become ineligible to apply.

Trading and Renunciation Provisions

The rights entitlements can be renounced either through on-market trading on BSE's secondary market platform or through off-market transfer via depository participants. On-market renunciation will be available from March 19, 2026 to March 23, 2026. The existing equity shares are listed and traded on BSE under scrip code 517246 with ISIN INE788D01016.

State Bank of India serves as the allotment banker and refund banker for the issue. The company's registrar provides online support and investor helpdesk services through their website for application guidance and resolution of investor difficulties.

BCC Fuba India Limited has successfully concluded its 76th Board Meeting on March 05, 2026, approving comprehensive terms for its rights issue. The meeting, held at the company's corporate office at 109 Wing-II, Hans Bhawan, Bahadur Shah Zafar Marg, New Delhi-110002, commenced at 02:00 PM and concluded at 04:30 PM.

Rights Issue Approval and Key Terms

The Board of Directors approved the issuance of up to 45,93,015 partly paid-up equity shares for an amount aggregating up to Rs. 3,444.76 lakhs. This follows the company's earlier approval on February 13, 2026, for raising funds through a rights issue of up to Rs. 3,500.00 lakhs.

Payment Structure and Timeline

The rights issue will be conducted on a partly paid-up basis with a structured payment mechanism. The payment schedule has been designed to provide flexibility to shareholders while ensuring adequate fund mobilization.

The call payments will be completed through not more than two calls, both scheduled to be completed on or before March 29, 2027. The specific timing and quantum of each call will be decided by the Board or Fund Raising Committee as per the payment schedule.

Rights Entitlement and Important Dates

The Board has established a clear timeline for the rights issue process, with specific dates for record determination and subscription period.

Eligible equity shareholders will receive 3 rights equity shares for every 10 fully paid-up equity shares held as on the record date of March 11, 2026.

Share Capital Structure

The rights issue will significantly impact the company's equity base, with the outstanding equity shares expected to increase substantially upon full subscription and payment of call monies.

Regulatory Compliance and Next Steps

The company has made necessary arrangements with NSDL and CDSL for crediting rights entitlements in dematerialized form to eligible shareholders' demat accounts. The rights entitlements will be credited prior to the issue opening date under the designated ISIN INE788D20016.

The Board has also approved the Letter of Offer to be submitted to the Securities and Exchange Board of India and BSE Limited. The rights issue will be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

The meeting outcome was signed by Chairperson and Director Chandar Vir Singh Juneja (DIN: 00050410), marking the completion of this crucial milestone in the company's fund-raising initiative.