ALFA Filings
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Ratnaveer Precision Engineering Limited has completed the allotment of equity shares pursuant to its Rights Issue. This allotment updates the company's paid-up share capital structure.
Ratnaveer Precision Engineering allotted 1.25 crore equity shares at ₹264 per share under its rights issue, raising ₹329.99 Crore for the company.
Ratnaveer Precision Engineering Limited submitted its Letter of Offer for a Rights Issue of 1.25 crore shares at ₹264 each, aggregating to ₹329.99 Crore. The issue offers 7 shares for every 40 held.
Ratnaveer Precision Engineering Limited has fixed August 26, 2026, as the record date for its upcoming rights issue. Shareholders will receive 7 rights shares for every 40 shares held.
Ratnaveer Precision Engineering received in-principle approval from NSE and BSE for a Rs. 330 Crore rights issue. The issuance remains subject to statutory and regulatory compliances.
Ratnaveer Precision Engineering approved increasing its authorized share capital to ₹113 Crore. This move facilitates future equity fundraising and capital restructuring for growth.
Ratnaveer Precision Engineering Limited's board approved increasing the authorized share capital from ₹85 Crore to ₹113 Crore. This alteration, subject to shareholder approval at an EGM on May 30, 2026, is intended to enable future fund raising through security issuances.