Bhandari Hosiery Exports Limited has successfully completed the allotment of equity shares under its rights issue and published the mandatory newspaper notice confirming the completion, marking a significant milestone in the company's capital expansion plans.

Rights Issue Allotment Details

The company has allotted 9,29,06,781 equity shares to existing shareholders through the rights issue mechanism. The allotment was conducted in accordance with the Letter of Offer and the basis of allotment finalized by the Registrar to the Issue in consultation with BSE Limited as the designated stock exchange.

Capital Structure Enhancement

The rights issue has resulted in a significant increase in the company's paid-up equity share capital. This capital expansion strengthens the financial foundation of the textile and hosiery export company based in Ludhiana, Punjab.

Regulatory Compliance and Newspaper Publication

In accordance with Regulation 47 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bhandari Hosiery Exports Limited published the rights issue allotment finalization details in newspapers. The publication appeared in "Financial Express", "JanSatta" and "Nawan Zamana" newspapers dated March 25, 2026, providing transparency to shareholders about the completion of the rights issue process.

Subscription and Allotment Summary

The rights issue received an overwhelming response from investors, with the subscription period running from March 6, 2026 to March 20, 2026. The company processed applications systematically and completed the allotment process efficiently.

Trading Commencement and Listing Process

Following the successful allotment and newspaper publication, the newly allotted shares are expected to commence trading on BSE and NSE platforms around March 27, 2026. The company has completed all necessary formalities including the dispatch of allotment advice to investors and credit of shares to demat accounts. This development enhances the liquidity of the company's shares and provides existing shareholders with the benefits of their rights issue participation.

Bhandari Hosiery Exports Limited has published newspaper advertisements in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing the details of its upcoming rights issue. The company filed the notification with BSE and NSE on March 5, 2026, following publications in Financial Express, JanSatta, and Nawan Zamana newspapers on March 4, 2026.

Rights Issue Structure

The company is offering up to 19,20,39,722 fully paid-up equity shares of face value Rs. 1 each at an issue price of Rs. 2.56 per rights equity share, including a premium of Rs. 1.56 per share. The total issue size aggregates up to Rs. 49.30 crores, assuming full subscription.

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for different activities. The issue opens on March 6, 2026, and closes on March 20, 2026, providing eligible shareholders with a 15-day window to participate.

The Board of Directors or the empowered Rights Issue Committee retains the right to extend the issue period, provided it does not exceed 30 days from the issue opening date.

Application Process and Requirements

All investors must use the ASBA (Applications Supported by Blocked Amount) process for applications, as mandated by SEBI regulations. The company has appointed State Bank of India as the Banker to the Issue, and MUFG Intime India Private Limited serves as the Registrar.

Key application requirements include:

• Mandatory use of ASBA process for all applications
• Applications accepted only in dematerialized form
• Rights entitlements credited to demat accounts of eligible shareholders
• Plain paper applications permitted for eligible equity shareholders

Regulatory Approvals and Listing

The company has secured necessary regulatory approvals for the rights issue. BSE granted in-principle approval vide letter No. LOD/RIGHT/HC/FIP/1721/2025-26 dated February 18, 2026, while NSE provided approval through letter No. NSE/LIST/53054 dated February 18, 2026.

The existing equity shares of Bhandari Hosiery Exports are listed on both BSE (Scrip Code: 512608) and NSE (Symbol: BHANDARI). BSE serves as the designated stock exchange for this rights issue.

Material Dispatch and Investor Support

The company completed dispatch of rights entitlement letters and application forms through electronic mode on February 26, 2026, and via registered/speed post on February 27, 2026. Issue materials are available on the company's website at www.bhandariexport.com and the registrar's website.

Investors can access detailed information about their rights entitlements by visiting the registrar's website and entering their DP-ID, client-ID, or folio number along with PAN details. The company has established dedicated email support at bhandariexport.rights2026@in.mps.mufg.com for investor queries and updates.