Rossell Techsys Approves ₹300 Crore Fundraise to Fuel Growth and Expansion
Rossell Techsys, an aerospace and defence engineering solutions provider, has approved a fundraise of up to ₹300 crores through equity shares and other securities, including a Qualified Institutions Placement. The funds will be used for capital expenditure, working capital, and general corporate purposes. The company has initiated a postal ballot for shareholder approval, with e-voting scheduled from November 4 to December 3. This move follows a strong quarterly performance reported in August, with a 94% year-on-year increase in total income. Rossell Techsys will announce its financial results for the quarter ending September on November 10.

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Rossell Techsys , a prominent aerospace and defence engineering solutions provider, has announced a significant move to bolster its financial position and support its growth trajectory. The company's Board of Directors has given the green light for a fundraise of up to ₹300 crores through the issuance of equity shares and other eligible securities, including a Qualified Institutions Placement (QIP).
Fundraising Details and Objectives
The capital raise initiative aims to support Rossell Techsys's ambitious plans for growth and capability expansion. The company intends to utilize the proceeds for various purposes:
| Purpose | Description |
|---|---|
| Capital Expenditure | Investing in infrastructure and technology |
| Working Capital | Enhancing operational liquidity |
| General Corporate Purposes | Flexibility for strategic initiatives |
Management's Perspective
Rishab Gupta, Managing Director of Rossell Techsys, expressed confidence in the company's direction, stating, "This capital infusion will support the Company's growth and capability expansion plans and strengthen our financial position, enabling us to continue building scale and serving our customers with excellence."
Shareholder Approval Process
To move forward with the fundraising plan, Rossell Techsys has initiated a postal ballot seeking shareholder approval. The e-voting process is scheduled from November 4 to December 3, allowing shareholders to participate in this crucial decision.
Recent Financial Performance
The fundraising announcement comes on the heels of a strong financial showing by the company:
- In August, Rossell Techsys reported its strongest quarterly performance to date.
- The company recorded a 94% year-on-year increase in total income.
Upcoming Financial Results
Investors and stakeholders can look forward to more detailed insights into the company's financial health, as Rossell Techsys is set to announce its financial results for the quarter ending September on November 10.
Company Profile
Rossell Techsys, headquartered in Bengaluru, India, is a specialized provider of end-to-end design, custom engineering, manufacturing, and lifecycle support for the aerospace and defence sectors. The company's commitment to quality and innovation is underscored by its impressive array of certifications, including AS9100, NADCAP, and ISO 27001, positioning it among the elite Indian manufacturers operating at globally recognized standards.
As Rossell Techsys embarks on this significant fundraising initiative, the move signals a strong commitment to growth and an optimistic outlook for the company's future in the aerospace and defence engineering solutions market.
Historical Stock Returns for Rossell Techsys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.21% | +10.68% | +2.20% | +123.58% | +33.98% | +33.98% |

































