Shree Rajeshwaranand Paper Revises Preferential Allotment Plan

Issue Size: 1,20,00,000 equity shares

Aggregate Face Value: ₹12 crore

Reader Takeaway: Equity restructuring moves ahead, but regulatory approvals remain the key near-term milestone.

What just happened

Shree Rajeshwaranand Paper Mills Ltd informed the stock exchanges that its Board of Directors has approved a revised list of proposed allottees for the company's preferential issue of equity shares.

The decision was taken at the board meeting held on September 19, 2026, and revises the proposed allottee list that had earlier been considered as part of the company's preferential allotment process.

The company will issue 1,20,00,000 equity shares with a face value of ₹10 each. The aggregate face value of the proposed issue is ₹12 crore.

Why this matters

The revised allottee list represents another procedural step in implementing the company's equity infusion and restructuring proposal.

Once completed, the proposed allotment is expected to account for approximately 94.81% of the post-allotment equity capital, making it a significant capital restructuring exercise.

The backstory

According to the filing, the preferential allotment forms part of an equity infusion and restructuring plan that was originally considered by the board on July 10, 2025.

The restructuring involves an implementing entity that is expected to infuse equity through the preferential allotment route.

The latest board approval finalizes the revised list of proposed allottees while retaining the broader restructuring framework.

What changes now

Following the board approval, the company has authorized its officials to submit the required applications to BSE Limited for in-principle approval to list the proposed equity shares.

The preferential issue will proceed only after obtaining the required regulatory approvals under applicable SEBI regulations and stock exchange requirements.

Risks to watch

Investors should monitor:

• Receipt of BSE's in-principle approval.
• Completion of the preferential allotment process.
• Final allotment details and shareholding pattern after issuance.
• Progress of the overall restructuring and equity infusion plan.

What to track next

The next important trigger will be regulatory approval from BSE, followed by completion of the preferential allotment and issuance of the new equity shares. Subsequent filings will provide confirmation of allotment and the updated capital structure.