Century Extrusions Announces ₹45 Crore Rights Issue; Record Date Sept 15

INDUSTRIAL-GOODSSERVICES
Whalesbook Corporate News Logo
AuthorKavya Nair|Published at:
Century Extrusions Announces ₹45 Crore Rights Issue; Record Date Sept 15

Century Extrusions Ltd has fixed the terms for its upcoming rights issue to raise up to ₹45 crore. Eligible shareholders will receive 3 rights shares for every 8 held, with a subscription window opening on September 23, 2026.

Century Extrusions Finalizes ₹45 Crore Rights Issue Timeline

Century Extrusions Ltd will issue 3,00,00,000 equity shares at ₹15 each to raise up to ₹45 crore. The subscription window opens on September 23 and concludes on October 14, 2026.

Reader Takeaway: Existing shareholders get 3 shares for every 8 held, but should monitor the payment structure carefully.

What just happened

The board of Century Extrusions has officially set the parameters for its capital raise. The company is offering partly paid-up equity shares at an issue price of ₹15 per share, comprising a face value of ₹0.5 and a premium of ₹14.4 per share.

Why this matters

This rights issue allows the company to bolster its capital structure. For retail investors, this is a significant corporate action that requires attention to the record date of September 15, 2026. Only those holding shares in their demat accounts by this date will be eligible for the 3:8 rights entitlement.

What changes now

Eligible investors will see Rights Entitlements (ISIN: INE281A20018) credited to their demat accounts by the company through NSDL and CDSL. Once these are credited, shareholders can choose to subscribe to the issue or renounce their rights during the active window from September 23 to October 14, 2026.

What to track next

Investors should monitor the communication from their respective depositories regarding the credit of rights entitlements. The final allotment will depend on the total subscription received and the subsequent Basis of Allotment process.

Disclaimer: This article is published for informational purposes only. This is not a buy sell recommendation.