Shanti Gold International approves rights issue up to Rs 100 crore
Shanti Gold International Limited's board approved raising up to Rs 100 crore through a rights issue of fully paid-up equity shares with a face value of Rs 10 each on June 30, 2026. The proceeds will fund working capital and general corporate purposes, subject to regulatory approvals including SEBI regulations. Key terms such as the issue price and record date will be decided later.
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Shanti Gold International Limited has approved a proposal to raise up to Rs 100 crore through a rights issue of fully paid-up equity shares to strengthen its working capital position and support general corporate purposes. The board of directors sanctioned the issuance of equity shares with a face value of Rs 10 each at a meeting held on June 30, 2026. The company filed the necessary intimation with BSE Limited and the National Stock Exchange of India Limited on the same day, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The rights issue will be offered to eligible equity shareholders as on a record date, which is yet to be determined and notified. The board will decide the specific terms and conditions, including the issue price, rights entitlement ratio, timing of the issue, and terms of payment. The issuance is subject to regulatory and statutory approvals, including adherence to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013, and other applicable laws.
Key Details of the Rights Issue
The board's decision establishes the framework for the capital raising initiative, with several parameters to be finalised subsequently.
| Particulars | Details |
|---|---|
| Type of Securities | Equity Shares |
| Type of Issuance | Rights Issue |
| Total Amount | Not exceeding Rs 100 crore |
| Face Value | Rs 10 each |
Objects of the Issue
The net proceeds from the rights issue are proposed to be deployed for the following purposes:
- Funding working capital requirements of the company.
- General corporate purposes.
Vrushti Shah, Company Secretary & Compliance Officer, signed the intimation on behalf of Shanti Gold International Limited. The information is also available on the company's website at www.shantigold.in .
Historical Stock Returns for Shanti Gold International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.92% | -3.36% | -3.99% | +2.62% | -9.85% | -9.85% |
What specific rights entitlement ratio is the board likely to propose to maximize shareholder participation?
How will the company determine the issue price given current market conditions and the stock's trading range?
What is the expected timeline for receiving regulatory approvals and announcing the record date?
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