Shakti Press Board Approves Rights Issue Offer Document

The board meeting on April 29, 2026, concluded with the approval of the Rights Issue Letter of Offer, clearing a key step for the capital-raising exercise. Arrangements are in place with NSDL and CDSL for crediting Rights Entitlements directly to shareholder demat accounts. Specific terms and dates for the issue remain to be announced.

Today's Filing: Board Approves Offer Document

Shakti Press Ltd's Board of Directors convened on April 29, 2026, approving the 'Letter of Offer' for its upcoming Rights Issue. This document will now be filed with BSE Limited.

The company has finalized arrangements with depositories NSDL and CDSL, ensuring shareholders receive their Rights Entitlements directly in their dematerialized accounts. The International Securities Identification Number (ISIN) for these rights entitlements is INE794C20016.

Why This Matters

This approval marks a key stage in Shakti Press's capital-raising strategy. The Rights Issue aims to infuse fresh capital for potential use in expansion, debt reduction, or working capital needs. Shareholders can expect to receive their entitlements, allowing them to subscribe to new shares, likely at a discounted price. Specific terms are yet to be disclosed.

Background on Fundraising Efforts

Shakti Press has explored fundraising avenues, considering a rights issue since January 2025. The company secured in-principle approval from BSE for a rights issue on February 16, 2026. Recent financial reports show improved performance: Q3 FY26 revenue grew 144% to ₹813.41 lacs, and net profit reached ₹53.66 lacs. However, as of February 2026, the company had a debt-to-equity ratio of 70.4% and an interest coverage ratio of 1.8x. The company also conducted a preferential allotment of equity warrants in January 2026.

What Changes Now

• Shareholders will receive their Rights Entitlements in a dematerialized format via NSDL and CDSL.
• The company is now poised to proceed with the official filing of the 'Letter of Offer' with the stock exchange.
• This moves the capital infusion process closer to execution, pending announcement of critical terms.

Risks to Watch

• The specific size, price, and entitlement ratio of the Rights Issue have not yet been disclosed by the company.
• The Record Date, which determines eligibility for the rights entitlement, and the Issue Opening Date are still to be announced.

Peer Comparison

Shakti Press operates in the printing and packaging sector, competing with players like JK Paper Ltd., Repro India Ltd., Flair Writing Industries Ltd., and Doms Industries Ltd. While these companies operate in the same landscape, the current focus remains on Shakti Press's capital-raising initiative.

What to Track Next

• The official filing of the 'Letter of Offer' with BSE Limited.
• The announcement of the Record Date for the Rights Issue.
• The scheduled date for the Issue Opening and Closing.
• Finalization and disclosure of the Rights Issue terms, including the subscription price and entitlement ratio.