Bhandari Hosiery Exports Limited has published newspaper advertisements in compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing the details of its upcoming rights issue. The company filed the notification with BSE and NSE on March 5, 2026, following publications in Financial Express, JanSatta, and Nawan Zamana newspapers on March 4, 2026.

Rights Issue Structure

The company is offering up to 19,20,39,722 fully paid-up equity shares of face value Rs. 1 each at an issue price of Rs. 2.56 per rights equity share, including a premium of Rs. 1.56 per share. The total issue size aggregates up to Rs. 49.30 crores, assuming full subscription.

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for different activities. The issue opens on March 6, 2026, and closes on March 20, 2026, providing eligible shareholders with a 15-day window to participate.

The Board of Directors or the empowered Rights Issue Committee retains the right to extend the issue period, provided it does not exceed 30 days from the issue opening date.

Application Process and Requirements

All investors must use the ASBA (Applications Supported by Blocked Amount) process for applications, as mandated by SEBI regulations. The company has appointed State Bank of India as the Banker to the Issue, and MUFG Intime India Private Limited serves as the Registrar.

Key application requirements include:

• Mandatory use of ASBA process for all applications
• Applications accepted only in dematerialized form
• Rights entitlements credited to demat accounts of eligible shareholders
• Plain paper applications permitted for eligible equity shareholders

Regulatory Approvals and Listing

The company has secured necessary regulatory approvals for the rights issue. BSE granted in-principle approval vide letter No. LOD/RIGHT/HC/FIP/1721/2025-26 dated February 18, 2026, while NSE provided approval through letter No. NSE/LIST/53054 dated February 18, 2026.

The existing equity shares of Bhandari Hosiery Exports are listed on both BSE (Scrip Code: 512608) and NSE (Symbol: BHANDARI). BSE serves as the designated stock exchange for this rights issue.

Material Dispatch and Investor Support

The company completed dispatch of rights entitlement letters and application forms through electronic mode on February 26, 2026, and via registered/speed post on February 27, 2026. Issue materials are available on the company's website at www.bhandariexport.com and the registrar's website.

Investors can access detailed information about their rights entitlements by visiting the registrar's website and entering their DP-ID, client-ID, or folio number along with PAN details. The company has established dedicated email support at bhandariexport.rights2026@in.mps.mufg.com for investor queries and updates.

Bhandari Hosiery Exports Limited has announced the outcome of its Rights Issue Committee meeting, setting the stage for a significant capital raising exercise worth up to Rs 49.30 crores. The company has officially communicated to stock exchanges regarding the record date fixation under Regulation 42 of SEBI LODR Regulations, demonstrating compliance with regulatory requirements. In a recent update, the company has revised the last date for off market transfer of rights entitlements from March 19 to March 18, 2026 due to the Gudi Padwa festival holiday.

Rights Issue Structure and Pricing

The rights issue will comprise 19,20,39,722 equity shares of face value Re 1 each, priced at Rs 2.56 per share including a premium of Rs 1.56 per share. The shares will be offered to existing equity shareholders in the ratio of 4 equity shares for every 5 equity shares held as on the record date.

Revised Timeline and Record Date

The company has fixed February 25, 2026 as the record date for determining eligible shareholders under Regulation 42 of SEBI LODR Regulations. Following the recent revision, the off market transfer date has been adjusted to accommodate the festival holiday.

Dematerialized Rights Entitlements Process

In accordance with SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the company has made necessary arrangements with NSDL and CDSL for credit of Rights Entitlements in dematerialized form. The Rights Entitlements of eligible equity shareholders will be credited in their respective demat accounts prior to the issue opening date. The company is currently in the process of obtaining a fresh ISIN for the rights issue purpose.

Stock Exchange Approvals and Share Capital Impact

The company has secured in-principle approvals from both major stock exchanges. The National Stock Exchange of India Limited granted approval under reference number NSE/LIST/53054 dated February 18, 2026, while BSE Limited provided approval under reference number LOD/RIGHT/HC/FIP/1721/2025-26 dated February 18, 2026.

Currently, the company has 240049652 outstanding equity shares of Re 1 each. Upon full subscription of the rights issue, the total outstanding equity shares will increase to 432089374 shares, subject to applications for additional shares by shareholders with fractional entitlements. The Letter of Offer will be filed with both stock exchanges under relevant SEBI ICDR Regulations provisions.