Jindal Capital board clears rights issue of up to Rs 20 crore
Company to raise up to Rs 20 crore via fully paid equity shares on a rights basis; detailed terms and record date to be announced later.
Jindal Capital Ltd has approved a fundraise through a rights issue of equity shares, with the board clearing a proposal to raise up to Rs 20 crore from existing shareholders.
According to the outcome of the board meeting held on 27 August 2026, disclosed to BSE, the company will issue fully paid-up equity shares of face value Rs 10 each on a rights basis to eligible shareholders.
Key terms (as disclosed so far)
- Type of issue: Rights issue
- Instrument: Fully paid-up equity shares
- Face value: Rs 10 per share
- Aggregate issue size: Up to Rs 20.00 crore (Rupees Twenty Crore only)
- Eligibility cut-off: Shareholders on a record date to be fixed
- Issue price: Not yet decided
- Rights entitlement ratio: Not yet decided
- Record date: Not yet announced
- Issue opening & closing dates: Not yet announced
- Terms of payment: Not yet announced
The rights issue will be made to the company’s existing equity shareholders as on a record date that will be fixed and communicated later. Only those investors who hold Jindal Capital shares as on that record date will be eligible to receive rights entitlements.
In its filing dated 27 August 2026, Jindal Capital stated that the fundraise will be carried out in accordance with Section 62(1)(a) and other applicable provisions of the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable laws, subject to necessary statutory and regulatory approvals.
The company has not yet disclosed the issue price, the ratio at which rights shares will be offered (for example, how many rights shares per existing share), or the detailed timetable. The filing notes that these parameters — including the issue price, rights entitlement ratio, record date, issue opening and closing dates, and terms of payment — will be determined by the Board of Directors or a duly authorised committee and intimated to BSE in due course.
The board meeting, as per the communication signed by Chairman-cum-Managing Director Sadhu Ram Aggarwal (DIN: 00961850), commenced at 3:45 p.m. IST and concluded at 5:40 p.m. IST on 27 August 2026.
For now, investors tracking Jindal Capital’s capital-raising plan will need to wait for a follow-up announcement that will specify the record date, pricing, ratio and full schedule of the rights issue.
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