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Shakti Press Ltd has extended the closing date of its ongoing Rights Issue from Monday, May 18, 2026 to Friday, May 29, 2026. The Rights Issue Committee, at its meeting held on Monday, May 11, 2026, approved the extension to provide eligible equity shareholders an additional opportunity to exercise their rights. The Rights Issue had originally opened on Thursday, May 7, 2026.
Rights Issue Details
The issue involves the offering of up to 2,46,41,400 fully paid-up equity shares with a face value of ₹ 10/- each, at an issue price of ₹ 20/- per share (including a share premium of ₹ 10/- per share), for an aggregate amount of up to ₹ 4928.28 Lakhs (assuming full subscription). The shares are being offered on a rights basis to eligible equity shareholders in the ratio of seven Rights Equity Shares for every one fully paid-up equity share held on the record date of April 29, 2026.
The Letter of Offer is dated April 29, 2026, and has been filed with BSE Limited. Except for the modification in the Issue Closing Date and the resultant change in the indicative timetable of post-issue activities, there is no other change in the Letter of Offer and Abridged Letter of Offer.
Revised Issue Schedule
The revised timetable for the Rights Issue is as follows:
Event: Date Issue Opening Date: Thursday, May 7, 2026 Last Date for On Market Renunciation of Rights Entitlements: Monday, May 25, 2026 Issue Closing Date: Friday, May 29, 2026 Finalisation of Basis of Allotment (On or About): Monday, June 1, 2026 Date of Allotment (On or About): Tuesday, June 2, 2026 Date of Credit of Rights Equity Shares (On or About): Wednesday, June 3, 2026 Date of Listing (On or About): Thursday, June 4, 2026
Key Investor Information
Eligible equity shareholders are advised to note the following:
The last date for submission of the duly filled Application Form (along with the amount payable on application) is Friday, May 29, 2026.
Eligible equity shareholders seeking to renounce their rights through off-market transfer must ensure that Rights Entitlements are credited to the demat account of the Renouncee(s) on or prior to the Issue Closing Date.
No withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.
The addendum is available on the company's website at www.shaktipresslimited.com , the Registrar to the Issue, and the Stock Exchange at www.bseindia.com .
The Managing Director of Shakti Press Ltd, Raghav Kailashnath Sharma, signed the addendum on behalf of the Board of Directors on May 11, 2026, from Nagpur.
Shakti Press Limited has formally notified BSE Limited about an upcoming board meeting scheduled for April 29, 2026, at the company's registered office. The meeting intimation, filed under Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the approval of critical documents related to a rights issue.
Meeting Agenda and Documentation
The board meeting will focus on two primary agenda items essential for the rights issue process:
Agenda Item: Details Letter of Offer: Primary offering document approval Abridged Letter of Offer: Condensed version with application forms Supporting Documents: Rights Entitlement Letter and related materials
The comprehensive documentation package indicates the company is preparing for a rights issue, which requires regulatory approval of multiple interconnected documents before proceeding with the offering to existing shareholders.
Regulatory Compliance
The intimation was signed by Raghav Kailashnath Sharma, Managing Director (DIN: 00588740), and submitted on April 24, 2026. This advance notice demonstrates the company's adherence to SEBI's disclosure requirements, which mandate prior intimation of board meetings discussing material corporate actions.
Company Background
Shakti Press Limited operates as multicolor offset printers, packagers, and stationers, celebrating its 73rd anniversary. The company is incorporated under CIN: L22219MH1993PLC071882 and trades on BSE with scrip code 526841. The rights issue documentation approval represents a significant corporate development for the printing and packaging company.
The formal board meeting will enable Shakti Press Limited to move forward with its rights issue plans, subject to board approval of the requisite documentation and subsequent regulatory clearances.
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Source: scanx.trade
Source: Free Press Journal
Source: Free Press Journal