Century Extrusions has opened its proposed ₹4,500 crore rights issue to eligible equity shareholders. The company published its issue opening advertisement on September 19, 2026, confirming the launch date of September 23, 2026.

The filing follows the completion of document dispatches on September 17, 2026. The Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, sent offer materials to 52,901 eligible shareholders as of the record date of September 15, 2026.

Dispatch and Advertisement Details

The company notified stock exchanges that all documents were sent to eligible shareholders. Of the total, 48,018 documents were dispatched via email and 4,883 via speed post, complying with SEBI circulars dated May 6, 2020, and July 24, 2020.

The issue opening advertisement was published in Financial Express (English), Jansatta (Hindi), and Duranta Barta (Bengali) on September 19, 2026.

Issue Structure

Shares are offered in the ratio of 3 Rights Equity Shares for every 8 Equity Shares held on the record date. Each share has a face value of ₹1 and a premium of ₹14, totaling an issue price of ₹15 per share. Investors must pay ₹7.5 per share on application, with the balance payable in subsequent calls by January 31, 2027.

Timeline and Payment Schedule

The issue closes on October 14, 2026, with listing expected on October 19, 2026. The last date for on-market renunciation is October 8, 2026. Rights entitlements are credited to demat accounts under ISIN INE281A20018 and remain frozen until the issue opening date.

Use of Proceeds

Net proceeds of approximately ₹4,390 crore will fund working capital requirements for brownfield expansion (₹2,000 crore), repay unsecured loans (₹1,400 crore), and serve general corporate purposes (₹990 crore).

Promoter Subscription

Promoters have confirmed full subscription to their entitlements. They may also subscribe to renounced or unsubscribed shares, subject to minimum public shareholding norms. Consequently, minimum subscription criteria under Regulation 86(1) of the SEBI ICDR Regulations do not apply.

Century Extrusions reported a net profit of ₹3.77 crore for the quarter ended June 30, 2026, representing a 60% year-on-year (YoY) increase from ₹2.36 crore in Q1FY25. The company’s revenue from operations grew 33% YoY to ₹138.36 crore, up from ₹104.15 crore in the corresponding period last year.

The Board of Directors approved the unaudited standalone financial results on August 14, 2026. Statutory auditors carried out a limited review of the results. The company operates in two segments: manufacturing of aluminium extruded products and transmission and distribution line equipment.

Financial Performance

Revenue growth was accompanied by a rise in cost of materials consumed, which increased to ₹122.62 crore from ₹80.06 crore in Q1FY25. However, changes in inventories provided a buffer, with a reduction of ₹14.12 crore compared to ₹1.70 crore in the prior year quarter.

Other income declined to ₹13 lakh from ₹6 lakh in the previous year quarter but remained minimal relative to total income. Finance costs rose to ₹37.0 lakh from ₹26.7 lakh, while employee benefits expense increased to ₹54.4 lakh from ₹49.5 lakh.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights the impact of inventory management on margins. While material costs rose sharply alongside revenue, the significant reduction in inventory levels (₹14.12 crore vs ₹1.70 crore YoY) contributed positively to the bottom line. This suggests that the company may have drawn down existing stock rather than proportionally increasing raw material purchases for the current production cycle, temporarily boosting profitability despite higher input costs.