B C C Fuba India Finalizes terms of partly paid rights issue of Rs 3,444.76 Lakh

B C C Fuba India Limited (BSE Scrip Code: 517246, Security ID: BCCFUBA) announced that its Board of Directors, in a meeting held on Thursday, March 5, 2026 from 2:00 PM to 4:30 PM at the corporate office in New Delhi, approved detailed terms for a rights issue to raise up to Rs. 3,444.76 lakhs through up to 45,93,015 partly paid-up equity shares at Rs. 75 each (face value Rs. 10, premium Rs. 65).

The rights entitlement ratio is 3 partly paid-up equity shares for every 10 fully paid-up equity shares held by eligible equity shareholders as on the record date of Wednesday, March 11, 2026. Payment terms include Rs. 37.50 on application (50% of issue price) and balance Rs. 37.50 via not more than two calls by March 29, 2027, increasing outstanding shares from 1,53,10,050 to 1,99,03,065 assuming full subscription and calls.

The rights issue opens on March 19, 2026, with on-market renunciation until March 23, 2026, and closes on March 27, 2026. Rights entitlements will be credited to demat accounts via ISIN INE788D20016 before opening. This follows the Board's February 13, 2026 approval for fundraising up to Rs. 3,500 lakhs under SEBI ICDR Regulations, Companies Act, and SEBI LODR Regulations.

The Letter of Offer, including fractional entitlements details, will be filed with SEBI and BSE.

Shares of BCC FUBA INDIA LTD. was last trading in BSE at Rs. 167.05 as compared to the previous close of Rs. 164.05. The total number of shares traded during the day was 21452 in over 326 trades.

The stock hit an intraday high of Rs. 169.45 and intraday low of 163.00. The net turnover during the day was Rs. 3572805.00.

Source : Equity Bulls

Keywords

BCCFUBAINDIA INE788D01016 ElectronicComponents FundRaising RightsIssue