Ratnaveer Precision Engineering Limited has applied for in-principle approval from stock exchanges for its proposed rights issue of fully paid-up equity shares aggregating up to ₹330 crore. The application, submitted on June 12, 2026, seeks approval under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issue involves equity shares with a face value of Re. 10.00 each, though the issue price and entitlement ratio are yet to be determined.

The company has remitted a processing fee of ₹8.91 lakh to the National Stock Exchange of India Limited. This includes a base fee of ₹8.25 lakh, GST of ₹1.485 lakh, and a TDS deduction of ₹82,500. The transaction was processed via YES Bank on June 12, 2026. Ratnaveer Precision Engineering has appointed M/s. Crisil Ratings Limited as the monitoring agency for the issue in accordance with Regulation 82 of the SEBI (ICDR) Regulations, 2018.

Key Approval Details

The company confirmed that it does not intend to allot the under-subscribed portion of the rights issue to any specific investors. The rights issue committee will finalize the specific terms, including the issue price and ratio, subject to necessary approvals.

Vijay Ramanlal Sanghavi, Promoter of Ratnaveer Precision Engineering , has confirmed that he and persons acting in concert (PACs) have not created any encumbrance on the equity shares held by them during the financial year ended March 31, 2026. This declaration ensures that the shareholding remains free from charges such as pledges or liens, providing clarity to investors regarding the promoter's stake stability.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, as amended. These regulations mandate periodic disclosures regarding any encumbrance on promoter holdings to maintain transparency in the market.

The confirmation covers both direct and indirect encumbrances over the equity shares held in the company. Vijay Ramanlal Sanghavi serves as the Managing Director of Ratnaveer Precision Engineering and holds the Director Identification Number (DIN) 00495922.