Kanel Industries' board approved a rights issue of 42.52 lakh equity shares at Rs.39.95 each. The issue aggregates about Rs.16.99 Crore, with record date 13 November 2026.
Value
₹16.99 Cr
Execution
Rights issue opens 23 November 2026 and closes 30 November 2026
Kanel Industries Ltd passed a special resolution to raise capital through a qualified institutions placement. The postal ballot recorded 100% approval on 14.98 million shares.
Kanel Industries approved raising funds through the issuance of up to 42.5 lakh equity shares via QIP. The capital raise is subject to shareholder and regulatory approvals.
