Saboo Sodium Chloro Board Approves Rs 55.96 Crore Rights Issue Fund Raising
Saboo Sodium Chloro Limited's board of directors officially approved a rights issue to raise funds up to Rs 55.96 crores through partly paid-up equity shares with face value Rs 10 each. The board meeting held on March 05, 2026, at the registered office in Jaipur concluded with approval subject to statutory and regulatory approvals under SEBI regulations.
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Saboo Sodium Chloro Limited's board of directors has officially approved a rights issue to raise funds up to Rs 55.96 crores through the issuance of partly paid-up equity shares. The board meeting, held on March 05, 2026, at the company's registered office in Jaipur, successfully concluded with the approval of the fund raising proposal.
Board Meeting Outcome
The board meeting commenced at 01:00 P.M. and concluded at 01:40 P.M. on March 05, 2026. The directors approved the fund raising initiative through rights issue in compliance with SEBI regulations and applicable laws. The outcome was communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | March 05, 2026 |
| Meeting Duration: | 01:00 P.M. to 01:40 P.M. |
| Meeting Venue: | Registered Office, Jaipur |
| BSE Scrip Code: | 530461 |
| Regulation: | SEBI LODR Regulation 30 |
Rights Issue Specifications
The board has approved raising funds through issuance of partly paid-up equity shares with a face value of Rs 10.00 each. The rights issue will be offered to eligible equity shareholders as on the record date, which will be determined and notified subsequently.
| Rights Issue Parameters: | Specifications |
|---|---|
| Share Type: | Partly Paid-up Equity Shares |
| Face Value: | Rs 10.00 each |
| Issue Amount: | Up to Rs 55.96 crores |
| Issue Method: | Rights Issue |
| Target Shareholders: | Eligible equity shareholders |
Regulatory Compliance Framework
The rights issue is subject to receipt of statutory and regulatory approvals in accordance with the amended SEBI (Issuer of Capital and Disclosure Requirements) Amendment Regulations, 2025 and other applicable regulations. The company will seek necessary approvals as required under the regulatory framework, including compliance with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Implementation Timeline and Terms
For giving effect to the rights issue, detailed terms including issue price, rights entitlement ratio, record date, timing and terms of payment will be determined by the board in due course. These determinations will be made in accordance with applicable laws and subject to receipt of necessary approvals.
Corporate Communication
The outcome has been communicated to BSE Limited with requisite details provided as per Schedule III requirements of the Listing Regulations. The communication was digitally signed by Girdhar Saboo, Managing Director (DIN: 00364750), ensuring compliance with disclosure obligations. The company's registered office is located at Surya House, L-5, B-II, Krishna Marg, C-Scheme, Jaipur-302001, Rajasthan.
Historical Stock Returns for Saboo Sodium Chloro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.52% | -5.82% | -17.15% | -30.06% | -35.24% | +75.92% |
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