Shakti Press Extends Rights Issue Deadline to June 2

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AuthorVihaan Mehta|Published at:
Shakti Press Extends Rights Issue Deadline to June 2
Overview

Shakti Press Ltd has extended its Rights Issue closing date to June 2, 2026. This extension, approved by the Rights Issue Committee, provides shareholders more time to participate without altering the original offer terms.

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Shakti Press Rights Issue Extended

Shakti Press Ltd announced an extension for its ongoing Rights Issue, moving the closing date from May 29, 2026, to June 02, 2026. This decision was formally approved by the company's Rights Issue Committee on May 27, 2026.

More Time for Shareholders

This extension offers existing shareholders more time to subscribe to the Rights Issue, accommodating those who may need additional time to make their investment decisions. The original offer documents were dated April 29, 2026, with the issue opening on May 7, 2026.

Adjusted Timelines

The primary change is the new closing date of June 2, 2026. Consequently, all subsequent corporate actions related to the Rights Issue, including the finalization of the basis of allotment, allotment date, credit of shares, and listing date, have been adjusted. The listing date is now expected on June 08, 2026.

Context for Investors

Rights issues are a common way for companies to raise capital. Extensions are sometimes granted to ensure broader participation and help meet subscription targets. Investors should monitor subscription levels and await finalization of allotment and listing.

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