BCC Fuba India Board Approves ₹17.22 Cr Final Share Call, Boosts CAPEX

BCC Fuba India expects to collect ₹17.22 crore from the first and final call on its partly paid-up shares, while revising its rights issue allocation to boost CAPEX by ₹12.91 lakh.

Board Approves Share Call and CAPEX Changes

The board of BCC Fuba India Ltd has approved the first and final call of ₹37.50 per share on 45,93,015 outstanding partly paid-up equity shares. This move is expected to bring in ₹172,238,062.50 (₹17.22 crore).

The record date for this call has been set as May 6, 2026, with the payment period commencing on May 25, 2026, and concluding on June 8, 2026.

Additionally, the company approved a change in how its Right Issue funds are used, reallocating ₹12.91 lakh. This adjustment increases the capital expenditure budget for growth and expansion by the same amount, while reducing the allocation for general corporate purposes.

Impact of the Decisions

The collection of funds from the final call on partly paid-up shares will bolster BCC Fuba India's cash position. The reallocation of rights issue proceeds shows a strategic focus on investing in growth and expansion.

Company Background and Rights Issue Details

BCC Fuba India, established in 1985, is a key player in manufacturing Printed Circuit Boards (PCBs) with a diverse product range including single-sided, double-sided, multi-layer, and metal-core PCBs. It serves critical sectors like automotive, power, telecommunications, and railways.

This final call pertains to shares issued during the company's rights issue in March 2026, which aimed to raise approximately ₹34.45 crore at ₹75 per share. The rights issue itself was the first in over three decades for the company. The March 2026 issue involved shares with ₹37.50 payable on application and the balance in subsequent calls.

Recently, in January 2026, BCC Fuba India acquired a 51% stake in Iogems Technologies Private Limited to expand into Electronic Manufacturing Services (EMS). The company also saw a change in promoters in 2016.

Key Actions for Shareholders and Company

• Shareholders holding partly paid-up shares must complete the payment of ₹37.50 per share by June 8, 2026, to retain their stake.
• Trading of the company's Rs. 5.00/- partly paid-up equity shares (ISIN: IN9788D01014) will be suspended from May 6, 2026, due to the call.
• The company's capital expenditure allocation for growth initiatives is directly enhanced by the ₹12.91 lakh reallocation.
• The total net proceeds from the rights issue are now revised to ₹33.97 crore.

Regulatory Note

BCC Fuba India and its Company Secretary were each fined ₹10,000 by the Registrar of Companies, Mumbai, for failing to hold the fourth Board meeting in calendar year 2024, highlighting adherence to corporate governance norms.

Industry and Competitor Snapshot

BCC Fuba India operates in the electronic components sector. Key competitors include Avana Electrosystems and Syrma SGS Technology Ltd. While BCC Fuba India's stock outperformed the Indian Electronic industry's return over the past year, its revenue growth over the last five years (-0.13% annually) lags behind the industry average of 15.47%.

Financial Highlights

• Total funds expected from the first and final call: ₹17.22 crore (as of Q4 FY26/filing date).
• Revised total net proceeds from the Rights Issue: ₹33.97 crore (as of Q4 FY26/filing date).

What to Watch For

• Shareholder compliance with the payment deadline for the final call on partly paid-up shares by June 8, 2026.
• The company's actual utilization of the increased capital expenditure allocation for growth and expansion.
• Any further calls on the equity shares if the balance is not fully collected within the current structure.
• Progress on the integration of its subsidiary, Iogems Technologies Private Limited.