Supra Pacific Financial Services Announces Rights Issue of ₹5000.00 Lakhs Opening March 20, 2026

3 min read     Updated on 17 Mar 2026, 01:25 PM
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Radhika SScanX News Team
Overview

Supra Pacific Financial Services Limited has announced a rights issue of up to 2,17,39,130 equity shares at ₹23 per share, aggregating up to ₹5000.00 lakhs. The issue opens March 20, 2026 and closes March 27, 2026, with a rights ratio of 32:49. The company has published mandatory newspaper advertisements and received BSE approval, with all applications required through ASBA process in dematerialized form only.

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Supra Pacific Financial Services Limited has announced a comprehensive rights issue to raise capital, with the issue scheduled to open on March 20, 2026. The Mumbai-based non-banking financial company (NBFC) has published mandatory newspaper advertisements and completed regulatory formalities for the upcoming equity fundraising exercise.

Rights Issue Details

The company is offering up to 2,17,39,130 fully paid-up equity shares through the rights issue, with key parameters outlined below:

Parameter: Details
Face Value: ₹10 per share
Issue Price: ₹23 per share
Premium: ₹13 per share
Total Amount: Up to ₹5000.00 lakhs
Rights Ratio: 32:49 (32 rights shares for every 49 existing shares)
Record Date: March 12, 2026

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for different activities:

Activity: Date
Issue Opens: Friday, March 20, 2026
Last Date for Market Renunciation: Monday, March 23, 2026
Issue Closes: Friday, March 27, 2026
Rights Entitlement Dispatch: March 16, 2026 (electronic and physical)

The company's board retains the right to extend the issue period, provided it does not exceed 30 days from the opening date. No withdrawal of applications will be permitted after the issue closing date.

Regulatory Compliance and Approvals

Supra Pacific Financial Services has fulfilled mandatory regulatory requirements for the rights issue. The company published newspaper advertisements on March 17, 2026, in three publications as required under SEBI regulations:

  • Financial Express (English Daily) - All India Edition
  • Jansatta (Hindi Daily) - All India Edition
  • Navahakti (Marathi) - Regional language newspaper for Mumbai

The company has received in-principle approval from BSE through letter reference number LOD/RIGHT/TT/FIP/1802/2025-26 dated March 4, 2026. The designated stock exchange for the issue is BSE Limited, where the company's existing shares are listed under scrip code 540168.

Application Process and Requirements

All eligible equity shareholders must use the Application Supported by Blocked Amount (ASBA) process for applying to the rights issue. Key application requirements include:

  • Mandatory ASBA Process: All applications must be made through ASBA-enabled bank accounts
  • Dematerialized Form Only: Rights entitlements and allotments will be made exclusively in demat form
  • Physical Share Holders: Must provide demat account details at least two working days before issue closing
  • Suspense Account: Rights entitlements for shareholders without demat details will be credited to "SUPRA PACIFIC FINANCIAL SERVICES LIMITED - UNCLAIMED SECURITIES SUSPENSE ACCOUNT"

Rights Entitlement Trading

Eligible shareholders can renounce their rights entitlements through two methods:

On Market Renunciation: Trading on BSE secondary market platform under ISIN INE268T20015 from March 20-23, 2026, with T+1 settlement and trade-for-trade basis.

Off Market Renunciation: Transfer through depository participants using delivery instruction slips, with rights entitlements transferable only in dematerialized form.

Key Service Providers

The rights issue involves several key intermediaries:

Role: Entity
Registrar: Purva Sharegistry (India) Private Limited
Banker to Issue: Kotak Mahindra Bank Limited
Monitoring Agency: Infomerics Valuation and Rating Limited
Stock Exchange: BSE Limited

Company Background

Supra Pacific Financial Services Limited, incorporated in 1986, operates as a Non-Systemically Important Non-Deposit taking Non-Banking Finance Company (NSI-ND-NBFC) registered with the Reserve Bank of India. The company has undergone several name changes since incorporation and is currently registered under RBI registration number 13.01238.

The company's registered office is located at Dreamax Height, Andheri East, Mumbai, with its corporate office in Ernakulam, Kerala. The promoters are Joby George and Thonnangamath Babu Sandeep.

Investors can access detailed information about the rights issue through the company's website at www.suprapacific.com , the registrar's website at purvashare.com, and BSE's website at www.bseindia.com . The company has established dedicated helplines and email support for shareholder assistance during the application process.

Historical Stock Returns for Supra Pacific Financial Services

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Supra Pacific Finalizes ₹5000 Lakh Rights Issue at ₹23 Per Share with March Timeline

2 min read     Updated on 07 Mar 2026, 08:09 PM
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Reviewed by
Naman SScanX News Team
Overview

Supra Pacific Financial Services has completed the finalization of its rights issue terms following board approval on March 7, 2026. The company will raise ₹5000.00 lakhs through 21,73,91,30 equity shares priced at ₹23 each with a premium of ₹13 per share. The rights issue follows a 32:49 ratio with March 12, 2026 as the record date and a detailed timeline extending through March 31, 2026 for credit and listing.

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*this image is generated using AI for illustrative purposes only.

Supra Pacific Financial Services Limited has finalized the complete terms of its rights issue following the board meeting held on March 7, 2026. The company will raise ₹5000.00 lakhs through the issuance of 21,73,91,30 fully paid-up equity shares at ₹23 per share, including a premium of ₹13 per share.

Rights Issue Structure and Pricing Details

The board has approved comprehensive terms for the rights offering, building upon the BSE in-principle approval received on March 4, 2026. The rights issue will be offered to eligible equity shareholders in a specific ratio based on their existing holdings.

Rights Issue Parameters: Details
Total Shares Offered: 21,73,91,30 equity shares
Issue Size: ₹5000.00 lakhs
Rights Issue Price: ₹23 per share
Face Value: ₹10 per share
Premium: ₹13 per share
Rights Ratio: 32 shares for every 49 held

Timeline and Key Dates

The company has established a detailed timeline for the rights issue process, with the record date set for March 12, 2026. Eligible equity shareholders will receive Rights Entitlements (REs) in their demat accounts prior to the issue opening date.

Rights Issue Schedule: Date
Record Date: March 12, 2026
Last Date for RE Credit: March 16, 2026
Issue Opening Date: March 20, 2026
Last Date for On-Market Renunciation: March 23, 2026
Issue Closing Date: March 27, 2026
Basis of Allotment Finalization: March 30, 2026
Date of Allotment: March 30, 2026
Credit and Listing Date: March 31, 2026

Share Capital Structure and Entitlement Mechanism

The rights issue will significantly expand the company's equity base from 3,32,87,741 shares to 5,50,26,871 shares, assuming full subscription. Eligible shareholders will receive rights entitlements in the ratio of 32 rights equity shares for every 49 fully paid-up equity shares held on the record date.

Share Capital Details: Count
Pre-Rights Issue Shares: 3,32,87,741
Post-Rights Issue Shares: 5,50,26,871
Rights Entitlement Ratio: 32:49

Regulatory Compliance and Documentation

The board meeting, which commenced at 10:30 a.m. and concluded at 5:30 p.m., also approved the Letter of Offer to be filed with BSE Limited. The company has made necessary arrangements with NSDL and CDSL for crediting Rights Entitlements in shareholders' demat accounts.

Rights Entitlement holders can apply for the rights issue or renounce their entitlements either through on-market renunciation via stock exchange platforms or off-market transfers within the specified timeline. The announcement was made under Regulations 30 and 42 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and signed by Managing Director Joby George (DIN: 06429801).

Historical Stock Returns for Supra Pacific Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+6.95%+6.71%+13.78%+13.78%+13.78%+13.78%
Supra Pacific Financial Services
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