Jindal Capital Limited has approved a rights issue to raise Rs 16.22 crore by offering 1,08,12,149 equity shares at Rs 15 per share. Existing shareholders are entitled to 3 rights shares for every 2 shares held as of the record date, November 6, 2026. Investors must pay the full issue price upon application.
Jindal Capital Sets Terms for Rs 16.22 Crore Rights Issue
Issue Price: Rs 15 per share; Total Size: Rs 16.22 crore.
Reader Takeaway: Existing shareholders get 3:2 entitlement; monitor the November 6, 2026, record date for eligibility and participation.
What just happened
Jindal Capital Limited has formally approved the terms of its upcoming rights issue. The company plans to issue 1,08,12,149 new equity shares to raise approximately Rs 16.22 crore. The shares are priced at Rs 15 each, comprising a face value of Rs 10 and a premium of Rs 5. The full payment is required upon application.
Why this matters
The issue is structured with an entitlement ratio of 3 rights equity shares for every 2 equity shares held by eligible shareholders. This corporate action will increase the company’s total outstanding equity shares from 72,08,100 to 1,80,20,249. For retail investors, this provides an opportunity to increase their stake in the company at a fixed price, provided they are on the register by the record date.
What changes now
Investors holding shares as of the record date of Friday, November 6, 2026, will be eligible for the issue. The company has clarified that fractional entitlements will be ignored, but such shareholders may apply for one additional rights share over their base entitlement to mitigate losses on fractions.
What to track next
- Record Date: November 6, 2026, is the cutoff for eligibility.
- Issue Window: The issue opens on November 17, 2026, and closes on December 1, 2026.
- Renunciation: On-market renunciation of rights entitlements is available until November 26, 2026, allowing shareholders to trade their rights if they choose not to subscribe.