Rights Issue Announcement: Ducon Infratechnologies Issues 24.99 Crore Rights Shares at Re. 1 per Share

Regulatory 19 Aug 2026· ₹24,99,42,758 · Announced· ✓ Verified

The board decided to issue 24,99,42,758 rights shares to strengthen the company's financial position and enhance financial flexibility; the net proceeds are proposed to be used for repayment of unsecured loans from Managing Director Arun Govil (up to ₹9.52 crore) and funding incremental working capital requirements (₹7.36 crore). The company received in-principle exchange approvals from BSE and NSE on 6 August 2026 for the ₹25 crore rights issue. The company filed a revised draft Letter of Offer on 12 June 2026.

Why it mattersRights issue at par value (Re. 1) with 1:1.3 entitlement ratio (approximately 1 right for every 3.25 shares held by existing shareholders at 32.49 crore base), structured via section 62(1)(a) CA 2013 with board sub-delegation to Rights Issue Committee post-shareholder approval-procedurally routine but capital-constrained issuance reflective of weak equity valuation.
SectorIndustrials
Value₹24,99,42,758
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