Naturite Agro Products rights issue: fundraise up to Rs 26.00 cr approved

Naturite Agro Products Ltd has announced that its board of directors has approved a fundraise through a rights issue of equity shares, according to the outcome of the board meeting letter dated October 12, 2026.

The company plans to raise up to Rs 26.00 cr on a rights basis, but key commercial terms such as the issue price, entitlement ratio and detailed timetable are yet to be finalised.

Key terms (as disclosed so far)

• Type of issue: Rights Issue (as stated in Annexure – A under “Type of issuance”)
• Type of securities: Equity Shares (face value Rs.5/- (Rupees Five Only) each)
• Total issue size: Aggregate amount not exceeding Rs 26.00 cr (Rupees Twenty Six Hundred Lakhs) / "Upto Rs 26.00 cr" (as per Annexure – A)
• Record date: To be notified subsequently (no specific date disclosed yet)
• Eligibility: "Eligible equity shareholders of the Company, as on the record date (to be notified subsequently)" (as per the board’s outcome letter)

According to the outcome letter addressed to BSE Limited, the board has approved the raising of funds by way of issue of equity shares of the Company of face value Rs.5/- (Rupees Five Only) each for an aggregate amount not exceeding Rs 26.00 cr (Rupees Twenty Six Hundred Lakhs) on Right issue basis, on such terms and conditions as may be decided by the board.

The letter specifies that the rights issue will be made "to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently)" and will be subject to applicable regulatory and statutory approvals. The company notes that the issue will be carried out in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013 and related rules, as amended from time to time.

The filing does not state the issue price per share, the ratio of rights shares to existing shares, the opening or closing dates of the issue, or any other detailed timetable. The company states on page 2 of the outcome letter that "The detailed terms of Right issue including the procedure for applying in the Right issue will be specified in the letter of offer which will be sent by the Company to the eligible shareholders holding equity shares of the Company as on the record date in due course."

Rights Issue Committee constituted

In the same meeting, the board also approved the constitution of a Rights Issue Committee to handle matters related to the issue. As per the table in the outcome letter:

• Mr. Vallabh Reddy Gaddam – Chairman & Managing Director – Chairperson
• Mrs. Thejasri Kancharla – Whole-time Director – Member
• Mr. Venkata Srinivasan Kodakalla – Independent Director – Member

The board has authorised the Rights Issue Committee "to appoint various intermediaries and also to do all such acts, deeds, things, and matters, as it may in its absolute discretion deem necessary, proper, and desirable for the purpose of and in connection with the Rights Issue."

The board meeting, as disclosed in the outcome letter, commenced at 06:30 P.M and concluded at 08:30 P.M on October 12, 2026.

No rationale for the fundraise is explicitly stated in the text of the outcome letter or Annexure – A. The company has indicated that further details, including the record date and full terms of the rights issue, will follow in the letter of offer to shareholders.