Shanti Gold International Seeks ₹99.83 Crore via Rights Issue

Shanti Gold International will raise ₹99.83 crore through a rights issue.

Reader Takeaway: Capital infusion for growth; fractional entitlements require shareholder attention.

What just happened

The Board of Directors of Shanti Gold International Ltd has approved a rights issue to raise capital amounting to ₹99.83 crore. The issue price is set at ₹215 per share, with a face value of ₹10 and a premium of ₹205.

Why this matters

This capital raise will provide Shanti Gold International with additional funds, potentially for expansion or operational needs. Existing shareholders will have the opportunity to increase their stake in the company at a predetermined price.

The backstory

Shanti Gold International is a company primarily involved in the gold and jewellery business. This rights issue represents a significant move to bolster its financial resources.

What changes now

The rights issue will offer 19 equity shares for every 295 equity shares held as of the record date, August 06, 2026. The subscription period will be from August 14, 2026, to August 21, 2026. Post-issue, the total outstanding shares will increase from 7,20,96,000 to 7,67,39,471 equity shares.

Risks to watch

A key point for shareholders is the handling of fractional entitlements. Investors holding fewer shares than required for a full entitlement (i.e., not in multiples of 295) will have their fractional portion disregarded. While they may not be able to renounce rights, they might be eligible for additional shares on preferential application.

Peer comparison

(No specific peer comparison data is available in the filing.)

Context metrics (time-bound)

Rights Issue Size: ₹99.83 crore (₹99,83,46,265)
Issue Price: ₹215 per share
Entitlement Ratio: 19 Rights Equity Shares for every 295 Equity Shares held
Record Date: August 06, 2026
Opening Date: August 14, 2026
Closing Date: August 21, 2026
Number of Securities Proposed: 46,43,471 Equity Shares
Outstanding Shares (Prior): 7,20,96,000 Equity Shares
Outstanding Shares (Post-Issue): 7,67,39,471 Equity Shares

What to track next

Investors should monitor the subscription levels of the rights issue and the company's utilization of the funds raised. Additionally, the re-appointment of M/s. Ankit Mundra & Associates as Internal Auditors for FY2026-27 is confirmed.