Ratnaveer Precision Engineering Limited has completed the dispatch of its Letter of Offer and Application Forms for a rights issue aggregating ₹329.99 crore. The company notified stock exchanges on August 29, 2026, confirming that the regulatory filings are now in the hands of eligible shareholders ahead of the September 2 opening date.

The intimation was issued pursuant to Regulation 84 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Letter of Offer, originally approved by the Board on August 26, 2026, was dispatched by the Registrar to the Issue, M/s. MUFG Intime India Private Limited, on August 28, 2026. Newspaper advertisements disclosing the completion of dispatch were published in Financial Express (English and Gujarati) and Jansatta (Hindi) on August 29, 2026.

Rights issue schedule

The Board of Directors finalized the schedule for the rights issue, which opens on September 2, 2026, and closes on September 9, 2026. Eligible shareholders must complete on-market renunciation of rights by September 3, 2026. The rights entitlements were credited to demat accounts by August 27, 2026.

The Board retains the right to extend the issue period, provided it does not remain open for more than 30 days from the opening date. No withdrawal of applications will be permitted after the closing date.

Rights issue details

The following table summarises the key parameters of the rights issue as approved by the board:

The outstanding equity shares before the rights issue stand at 7,14,26,681. Assuming full subscription, the post-issue outstanding shares will be 8,39,26,350. The issue price includes a premium of ₹254 per share.

Regulatory compliance and logistics

The intimation regarding the submission of the Letter of Offer was issued by Umang Lalpurwala, Company Secretary & Compliance Officer. All investors desiring to make an application in this issue are mandatorily required to use the ASBA process. Axis Bank Limited has been appointed as the Banker to the Issue. The company confirms that it is in compliance with Regulation 38 of the SEBI Listing Regulations and shall continue to comply with minimum public shareholding requirements. The promoter and promoter group have confirmed they will not subscribe to this rights issue.

Ratnaveer Precision Engineering Ltd appointed Mrs. Seema Sanghavi as Whole Time Director for a five-year term starting August 20, 2026. The board also approved the appointment of new internal, cost, and statutory auditors for the financial year 2026-27.

Mrs. Sanghavi, who has served the company as Chief Sales Co-ordinator, brings expertise in sales and marketing. Her remuneration will be fixed subject to shareholder approval at the ensuing Annual General Meeting. She is the wife of Mr. Vijay Sanghavi.

Auditor Appointments

The company appointed M/s. Bhadresh K Mehta & Co as its Internal Auditor for FY27. The firm specializes in financial accounting, banking, business planning, and legal compliance.

M/s. Ashish Bhavsar & Associates was named Cost Auditor for the same period. Founded by CMA Ashish Bhavsar in Ahmedabad, the firm provides comprehensive cost auditing services.

Additionally, the board approved M/s. Pankaj R Shah & Associates as Statutory Auditors for a second consecutive term of five years. This appointment requires shareholder approval at the upcoming AGM. Established in 1977, Pankaj R Shah & Associates is a peer-reviewed firm with over 100 professionals.

Regulatory Disclosure

These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were communicated to the National Stock Exchange of India Limited and BSE Limited on August 20, 2026.