Dhariwalcorp Ltd has received in-principle approval from the National Stock Exchange (NSE) to raise Rs 117.5 crore through a rights issue. The board will meet on February 21, 2026, to finalize details, with the issue subject to regulatory compliance and shareholder eligibility.
Dhariwalcorp Ltd has announced that it has secured in-principle approval from the National Stock Exchange of India Limited for its proposed rights issue, aggregating up to Rs 1175.18 lakhs. The company disclosed this under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
Key Highlights
-
The rights issue will involve fully paid-up equity shares of face value Rs 2 each, offered at a premium, aggregating Rs 117.5 crore
-
Eligible shareholders will receive rights entitlements in a specified ratio, determined on the record date
-
The board meeting is scheduled for February 21, 2026, to consider matters relating to the rights issue
-
Approval is conditional upon compliance with SEBI, RBI, MCA, and Companies Act regulations, along with NSE guidelines
-
Registrar to the issue is Bigshare Services Pvt Ltd, with NSDL and CDSL as depositories
-
NSE clarified that its approval does not certify the financial soundness of the issuer and advised investors to rely on the official letter of offer
This development marks a significant capital-raising step for Dhariwalcorp Ltd, strengthening its financial base while adhering to regulatory frameworks.
Sources: Dhariwalcorp Ltd filing to NSE, National Stock Exchange of India Limited