Shakti Press extends rights issue closing date to June 02, 2026

1 min read     Updated on 27 May 2026, 01:20 PM
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Naman SScanX News Team
AI Summary

Shakti Press Limited has extended the closing date of its rights issue from May 29, 2026, to June 02, 2026, following a committee meeting on May 27, 2026. The extension aims to give shareholders more time to apply. The revised schedule sets the basis of allotment finalisation around June 03, 2026, and listing around June 08, 2026.

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Shakti Press Limited has extended the closing date of its ongoing rights issue from Friday, May 29, 2026, to Tuesday, June 02, 2026. The Rights Issue Committee approved the extension during a meeting held on Wednesday, May 27, 2026, to provide eligible equity shareholders an opportunity to participate in the issue. The rights issue originally opened on Thursday, May 07, 2026.

Consequently, the last date for the submission of the duly filled in Composite Application Form (CAF), along with the application amount, is now Tuesday, June 02, 2026. The company clarified that there are no changes to the Letter of Offer (LOF), CAF, and Application Form attached to the Letter of Offer (ALOF) dated April 29, 2026, other than the adjustment to the closing date and the resulting indicative timetable for post-issue activities.

Revised Issue Schedule

The updated timeline for the rights issue and subsequent activities is detailed below:

Event Date
Issue Opening Date Thursday, May 7, 2026
Last Date for On Market Renunciation of Rights Entitlements Monday, May 25, 2026
Issue Closing Date Tuesday, June 02, 2026
Finalisation of Basis of Allotment (On or About) Wednesday, June 03, 2026
Date of Allotment (On or About) Thursday, June 04, 2026
Date of Credit of Rights Equity Shares (On or About) Friday, June 05, 2026
Date of Listing (On or About) Monday, June 08, 2026

The meeting of the Rights Issue Committee commenced at 11:30 A.M. and concluded at 12:20 P.M. on May 27, 2026. Raghav Kailashnath Sharma, Managing Director of Shakti Press Ltd, signed the communication regarding the schedule revision.

Historical Stock Returns for Shakti Press

1 Day5 Days1 Month6 Months1 Year5 Years
+1.05%+1.02%+64.27%+43.44%+53.35%+257.57%

What factors likely contributed to the need for extending the rights issue closing date?

How might this extension impact the overall subscription levels and investor participation?

What are the potential market reactions to the revised timeline for the rights issue?

Shakti Press FY26 Net Profit Jumps to ₹16.46 Cr

1 min read     Updated on 21 May 2026, 11:52 PM
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Shakti Press Limited reported a net profit of ₹16.46 crore for FY26, a significant increase from ₹0.67 crore in the previous year, driven by a surge in revenue to ₹782.96 crore. The commencement of the Agri Division contributed ₹680.59 crore to the total revenue, while the Paper Division added ₹102.37 crore. Total assets increased to ₹491.38 crore, and earnings per share rose to ₹4.68.

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Shakti Press Limited has submitted its audited financial results for the fiscal year ended March 31, 2026. The company reported a net profit of ₹16.46 crore for the year, a significant increase from the ₹0.67 crore recorded in the previous fiscal year. This growth was supported by a substantial rise in revenue from operations, which reached ₹782.96 crore in FY26 compared to ₹130.28 crore in FY25.

The company’s total revenue for the year stood at ₹785.64 crore. Total expenses for FY26 were reported at ₹765.88 crore, up from ₹129.71 crore in the prior year. The earnings per share (EPS) for the year increased to ₹4.68 from ₹0.19 in the previous year.

Financial Performance

The improvement in financial performance was largely attributed to the company’s diversification into the agricultural sector. During FY 2025-26, Shakti Press commenced operations of its Agri Division, which contributed significantly to the top line. The Paper Division also continued its operations, contributing to the overall revenue stream.

Metric FY 2025-26 (₹ in lacs) FY 2024-25 (₹ in lacs)
Revenue from Operations 7,829.59 1,302.78
Total Revenue 7,856.43 1,305.01
Total Expenses 7,658.84 1,297.07
Profit Before Tax 197.59 7.94
Net Profit 164.61 6.70
Earnings Per Share (Basic) 4.68 0.19

Segment Reporting

The company identified two reportable business segments: the Paper Division and the Agri Division. The Agri Division commenced operations during the current financial year, resulting in no comparative figures for the previous period. The Agri Division generated external revenue of ₹680.59 crore, while the Paper Division contributed ₹102.37 crore to the total revenue.

Balance Sheet Highlights

The total assets of the company as of March 31, 2026, stood at ₹491.38 crore, an increase from ₹352.83 crore in the previous year. The company’s equity and liabilities also grew, with total equity reaching ₹261.14 crore. The cash and cash equivalents at the end of the year were ₹0.93 crore.

Historical Stock Returns for Shakti Press

1 Day5 Days1 Month6 Months1 Year5 Years
+1.05%+1.02%+64.27%+43.44%+53.35%+257.57%

Given that the Agri Division contributed ~87% of total revenue in its first year of operations, what specific agricultural commodities or services is Shakti Press trading in, and how sustainable is this revenue trajectory?

With cash and cash equivalents of only ₹0.93 crore against total assets of ₹491.38 crore, how is the company managing its working capital and liquidity risks as it scales the capital-intensive Agri Division?

Will Shakti Press continue to invest in its traditional Paper Division, or could the overwhelming revenue dominance of the Agri Division lead to a strategic exit or divestiture of the paper business?

More News on Shakti Press

1 Year Returns:+53.35%