Century Extrusions Limited's board of directors approved the Draft Letter of Offer for a rights issue of equity shares aggregating up to ₹4,500 lakhs in its meeting held on April 24, 2026. The board also noted the resignation of Independent Director Mr. Sanjeev Kishore (DIN: 09282282), effective from the close of business hours on April 7, 2026.
Rights Issue Approval
The Draft Letter of Offer dated April 24, 2026 has been approved for filing with BSE Limited and National Stock Exchange of India Limited to seek observations and in-principle approval for the proposed issue and listing of equity shares. This follows the board's earlier approval on February 11, 2026 for the rights issue not exceeding ₹4,500 lakhs.
| Parameter |
Details |
| Issue Size |
Up to ₹4,500 lakhs |
| Face Value |
₹1 per equity share |
| Current Paid-up Capital |
₹800 lakhs (8 crore shares) |
| Application Process |
ASBA only |
| Record Date |
To be announced |
Fund Utilization Plan
The company has outlined a clear deployment strategy for the net proceeds from the rights issue across three key areas:
| Purpose |
Amount (₹ lakhs) |
| Repayment of Unsecured Loans |
1,400 |
| Working Capital Requirements |
2,000 |
| General Corporate Purposes |
Balance amount |
Debt Repayment Component
The company plans to utilize ₹1,400 lakhs for full or partial repayment of unsecured borrowings from various private entities. As of December 31, 2025, the company had outstanding unsecured loans aggregating to ₹1,400 lakhs from 18 different lenders, with interest rates ranging from 9% to 13% per annum on a simple rate basis.
Working Capital Enhancement
A significant portion of ₹2,000 lakhs will be directed towards augmenting working capital requirements for the manufacturing facility at Kharagpur, West Bengal. This funding supports the company's brownfield expansion plans, including a new extrusion press expected to commence commercial production from June 2026, which will increase installed capacity by 9,000 MT.
Business Operations and Performance
Century Extrusions operates as a pure-play aluminium extrusions manufacturer, serving original equipment manufacturers across various sectors including architectural, automotive, defense, and electronics industries.
| Financial Metric |
Dec 31, 2025 |
Mar 31, 2025 |
Mar 31, 2024 |
| Revenue from Operations (₹ lakhs) |
33,634 |
43,125 |
37,510 |
| Net Profit After Tax (₹ lakhs) |
802 |
994 |
745 |
| Net Worth (₹ lakhs) |
9,084 |
8,297 |
7,305 |
| Basic EPS (₹) |
1.00 |
1.24 |
0.93 |
The company's manufacturing facility spans 7.31 acres at WBIIDC Industrial Growth Centre, Kharagpur, featuring three extrusion presses with aggregate annual production capacity of 15,000 MT. Current capacity utilization stood at 65.34% for the nine-month period ended December 31, 2025.
Issue Administration
The rights issue will be administered through established market intermediaries:
- Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Monitoring Agency: Brickwork Ratings India Pvt. Ltd.
- Banker to Issue: Kotak Mahindra Bank Limited
- Stock Exchanges: BSE Limited (designated exchange) and NSE
Regulatory Compliance and Approvals
The company has received in-principle approvals from both BSE and NSE for listing the rights equity shares. The issue has been authorized by the board of directors through resolutions passed on February 11, 2026, and April 24, 2026.
Eligible equity shareholders will be required to apply through the Application Supported by Blocked Amount (ASBA) process only, as mandated by SEBI regulations. The rights entitlements will be credited to shareholders' demat accounts in dematerialized form before the issue opening date.
Expansion Plans
Beyond the current brownfield expansion, Century Extrusions has signed a memorandum of understanding with the Government of Odisha for establishing a new manufacturing unit in Jharsuguda district with a production capacity of 30,000 MT, representing a significant greenfield expansion opportunity.
The rights issue positions the company to strengthen its balance sheet while funding growth initiatives in India's expanding aluminium extrusions market, particularly benefiting from increasing demand across automotive, construction, and industrial applications.
Board Meeting Outcome
The board meeting commenced at 10:30 a.m. and concluded at 5:00 p.m. on April 24, 2026. Mr. Sanjeev Kishore's resignation was tendered vide his letter dated April 7, 2026, and was informed to the stock exchanges on the same date along with detailed disclosures as required under Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars.
Rajan Singh, Company Secretary & Compliance Officer, signed the regulatory filing on behalf of Century Extrusions Limited at 5:05 p.m. on April 24, 2026.
The company's registered and head office is located at 113, Park Street, "N" Block, 2nd floor, Kolkata – 700 016, with its corporate office at A-23, Main Mathura Rd., Mohan Cooperative Industrial Est., JDKD Corporate Park, New Delhi-110044. The company's CIN is L27203WB1988PLC043705 and its website is www.centuryextrusions.com .
The rights issue and expansion initiatives reflect the company's strategic focus on strengthening its financial position and capitalizing on growth opportunities in the aluminium extrusions market across automotive, construction, and industrial sectors.
The Draft Letter of Offer is being filed with the stock exchanges for their observations and in-principle approval for the proposed issue and listing of equity shares issued pursuant to the rights issue.
The rights issue will remain open for a minimum of 7 days, with the board having the right to extend the period up to 30 days from the issue opening date.
Eligible equity shareholders will receive rights entitlements in dematerialized form before the issue opening date and will be required to apply through the ASBA process only.
The issue size of up to ₹4,500 lakhs represents a significant capital raising initiative by the aluminium extrusions manufacturer, aimed at reducing debt through repayment of unsecured loans and enhancing working capital for operational expansion.
The company's brownfield expansion at Kharagpur includes installation of a new extrusion press with 9,000 MT capacity, expected to commence commercial production from June 2026.
The greenfield expansion project in Odisha with 30,000 MT production capacity demonstrates the company's long-term growth strategy in India's aluminium extrusions market.
The rights issue proceeds deployment strategy prioritizes debt reduction and working capital enhancement, with the balance amount allocated for general corporate purposes.
The company's financial performance shows revenue from operations of ₹33,634 lakhs and net profit after tax of ₹802 lakhs for the nine-month period ended December 31, 2025.
The net worth of the company stood at ₹9,084 lakhs as of December 31, 2025, with basic EPS of ₹1.00 for the same period.
The capacity utilization of 65.34% indicates operational efficiency and potential for scaling up production to meet growing demand.
The rights issue approval and director resignation were the key outcomes of the board meeting held on April 24, 2026, as intimated to BSE and NSE under Regulation 30 of SEBI Listing Regulations.
The company has complied with all regulatory requirements for the rights issue, including obtaining necessary approvals from stock exchanges and following SEBI-mandated processes for shareholder applications.
The rights issue positions Century Extrusions to strengthen its balance sheet, reduce debt burden, and fund growth initiatives in the expanding aluminium extrusions market.
Increasing demand across automotive, construction, and industrial applications presents significant growth opportunities for the company's aluminium extrusion products.
The company's strategic expansion plans, both brownfield and greenfield, are expected to enhance production capacity and market presence in the coming years.
The rights issue represents a well-structured capital raising initiative with clear fund utilization plans aimed at improving financial health and supporting business growth.
The board's approval of the Draft Letter of Offer marks an important milestone in the rights issue process, moving the company closer to finalizing and launching the issue.
The filing with stock exchanges for observations and in-principle approval is a standard regulatory step in the rights issue process.
The company's commitment to regulatory compliance and transparent disclosure is reflected in its timely intimation of board meeting outcomes to stock exchanges.
The rights issue is expected to strengthen the company's financial position and support its expansion plans in the aluminium extrusions market.
The resignation of Independent Director Mr. Sanjeev Kishore was duly noted by the board and communicated to stock exchanges with all required disclosures.
The company's operational and financial performance metrics demonstrate its position as a significant player in the aluminium extrusions industry.
The rights issue proceeds will be deployed strategically to reduce debt, enhance working capital, and support general corporate purposes.
The company's expansion initiatives are aligned with growing market demand for aluminium extrusion products across various sectors.
The rights issue approval process has been completed with board resolutions passed on February 11, 2026 and April 24, 2026.
The company has received in-principle approvals from both BSE and NSE for listing the rights equity shares.
The rights issue will be administered through established market intermediaries including registrar, monitoring agency, and banker to issue.
The ASBA application process ensures compliance with SEBI regulations for rights issues.
The company's manufacturing facility at Kharagpur is well-positioned to support expansion plans with available land and infrastructure.
The new extrusion press installation is part of the brownfield expansion to increase production capacity by 9,000 MT.
The greenfield expansion in Odisha represents a significant growth opportunity with 30,000 MT production capacity.
The rights issue is a strategic initiative to strengthen the company's balance sheet and fund growth plans.
The company's financial performance and operational metrics indicate a stable and growing business.
The rights issue proceeds deployment prioritizes debt reduction and working capital enhancement.
The company's expansion plans are expected to enhance its market position and competitiveness.
The rights issue approval and director resignation were key outcomes of the April 24, 2026 board meeting.
The company has complied with all regulatory requirements for the rights issue process.
The rights issue positions the company for growth in the aluminium extrusions market.
The company's strategic initiatives are aligned with market opportunities and demand trends.
The rights issue is a significant capital raising initiative by Century Extrusions Limited.
The company's expansion plans demonstrate its commitment to growth and market expansion.
The rights issue proceeds will be used for debt repayment, working capital, and general corporate purposes.
The company's financial performance shows steady growth and operational efficiency.
The rights issue approval process has been completed with necessary board and regulatory approvals.
The company's manufacturing facilities are well-equipped to support expansion plans.
The rights issue is expected to strengthen the company's financial position and support growth initiatives.
The company's strategic focus on debt reduction and working capital enhancement is reflected in the fund utilization plan.
The rights issue represents a well-structured capital raising initiative with clear objectives.
The company's expansion plans are aligned with growing demand in the aluminium extrusions market.
The rights issue approval and director resignation were duly communicated to stock exchanges.
The company has complied with all regulatory requirements for the rights issue.
The rights issue positions Century Extrusions for growth and expansion.
The company's financial and operational metrics demonstrate its industry position.
The rights issue proceeds will be deployed strategically to support business growth.
The company's expansion initiatives are expected to enhance production capacity.
The rights issue is a strategic initiative to strengthen the company's balance sheet.
The company's commitment to regulatory compliance is reflected in its disclosures.
The rights issue approval process has been completed with necessary approvals.
The company's manufacturing facilities support its expansion plans.
The rights issue is expected to support the company's growth initiatives.
The company's strategic initiatives are aligned with market opportunities.
The rights issue represents a significant capital raising initiative.
The company's expansion plans demonstrate its growth strategy.
The rights issue proceeds will be used for debt reduction and working capital.
The company's financial performance shows steady growth.
The rights issue approval process has been completed.
The company's manufacturing facilities support expansion.
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The company's strategic initiatives are well-aligned.
The rights issue is a structured capital raising initiative.
The company's expansion plans support growth.
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The company's financial metrics show stability.
The rights issue approval is complete.
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