Consecutive Commodities Limited has filed a Letter of Offer for a rights issue of 48,04,50,000 fully paid-up equity shares with a face value of ₹1.00 each, aggregating to ₹48.05 crore. The issue is being offered on a rights basis to eligible equity shareholders in the ratio of 3 Rights Equity Shares for every 1 Equity Share held as on the Record Date of June 08, 2026.

The company, formerly known as Consecutive Investments & Trading Company Limited, intends to utilize the net proceeds of ₹47.80 crore to meet its working capital requirements of ₹37.44 crore and for general corporate purposes amounting to ₹10.36 crore. The issue price of ₹1.00 per share is payable in full at the time of application.

BSE Limited will serve as the designated stock exchange for the rights issue. The Board of Directors, in its meeting held on June 02, 2026, approved the issue price and the Rights Entitlement Ratio. The company has received in-principle approval from BSE Limited for listing the Rights Equity Shares. The Rights Entitlements will be credited to the demat accounts of eligible shareholders under the ISIN INE187R20011 prior to the issue opening date.

Rights Issue Details

The company has made arrangements with NSDL and CDSL to credit the Rights Entitlements. The issue is not underwritten, and the minimum subscription requirement is set at 90% of the issue size. The Registrar to the Issue is Maheshwari Datamatics Pvt Ltd.

Consecutive Commodities Limited has appointed Ms. Reema Magotra as a Non-Executive and Independent Director following approval from shareholders through a postal ballot. The resolution was passed with 99.98% of valid votes in favour, concluding the remote e-voting process on June 21, 2026. This governance decision strengthens the company's board structure with an independent oversight function.

The postal ballot process was managed in accordance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jay Pandya & Associates, Company Secretaries, served as the scrutinizer for the e-voting process to ensure compliance and transparency.

Voting Results

The appointment of Ms. Reema Magotra (DIN: 09804839) was put to shareholders as a special resolution. The voting results, scrutinized by Jay Pandya & Associates, indicated an overwhelming majority in favour of the appointment.

Process Details

The remote e-voting period was open from May 23, 2026, to June 21, 2026. Equity shareholders registered as on the cut-off date of May 15, 2026, were eligible to participate in the voting process. The notice for the postal ballot was sent electronically and also uploaded on the websites of BSE Limited and Calcutta Stock Exchange Ltd.

A newspaper advertisement was published on May 25, 2026, in Business Standard and Jai Hind-Ahmedabad to inform shareholders about the voting process. The scrutinizer's report confirmed that the resolution received the requisite majority required for approval.