Containe Technologies Approves Terms and Schedule for ₹20.98 Crore Rights Issue; Sets Record Date for August 21

Containe Technologies Limited has finalized the key terms, entitlement ratio, price, and schedule for its proposed Rights Issue, which aims to raise up to ₹2,098.20 lakhs (₹20.98 crore).

The company announced that its Board of Directors met on August 17, 2026, to approve the final parameters following its earlier board approval on July 1, 2026.

Key Terms and Issue Structure

Issue Size & Volume: Up to 1,39,88,000 fully paid-up equity shares of face value ₹10 each, aggregating to ₹2,098.20 lakhs (assuming full subscription).

Issue Price: ₹15 per equity share, which includes a face value of ₹10 and a premium of ₹5 per share. The full amount is payable upon submitting the application.

Rights Entitlement Ratio: 2 (Two) Rights Equity Shares for every 1 (One) fully paid-up equity share held by eligible equity shareholders as on the Record Date.

Record Date: Friday, August 21, 2026, to determine shareholders eligible to apply for the Rights Issue.

Capital Structure Impact

Prior to the Rights Issue, the company's outstanding equity capital stands at 69,94,000 fully paid-up equity shares of face value ₹10 each. Upon completion and assuming full subscription, the post-issue paid-up capital will increase to 1,39,88,000 fully paid-up equity shares.

Rights Issue Timelines

Issue Opening Date: Monday, August 31, 2026

Last Date for On-Market Renunciation: Tuesday, September 22, 2026

Last Date for Off-Market Renunciation: Thursday, September 24, 2026

Issue Closing Date: Friday, September 25, 2026

The board retains the flexibility to extend the issue period as permitted by law, provided the issue does not remain open for more than 30 days from the opening date. Application withdrawals will not be permitted after the issue closing date.

Rights Entitlement Credit

In accordance with SEBI guidelines, Containe Technologies has arranged with NSDL and CDSL for the dematerialized credit of Rights Entitlements to the respective demat accounts of eligible equity shareholders prior to the issue opening date.

Source : Equity Bulls

Keywords

ContaineTechnologies FundRaising RightsIssue RecordDate