Shakti Press Extends Rights Issue Closing Date to May 29, 2026
Shakti Press rights issue date extended. Size, allotment date, other details
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Shakti Press Ltd has extended the closing date of its rights issue to May 29, 2026, from May 18, 2026, allowing shareholders more time to participate. The stock saw a nearly 5% increase following this announcement, reflecting positive market sentiment.
- 01The rights issue opened on May 7, 2026, and was initially set to close on May 18, 2026.
- 02The last date for on-market renunciation of rights entitlements is now May 25, 2026.
- 03The basis of allotment is expected to be finalized around June 1, 2026.
- 04Allotment of shares is likely to occur on June 2, 2026.
- 05The credit of rights equity shares is expected on June 3, 2026, with a tentative listing date of June 4, 2026.
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Shakti Press Ltd has announced an extension for its ongoing rights issue, moving the closing date from May 18, 2026, to May 29, 2026. This decision, made during a Rights Issue Committee meeting on May 11, 2026, aims to provide shareholders with additional time to exercise their rights. The rights issue initially opened on May 7, 2026, and the extension reflects the company's commitment to increasing shareholder participation. Following the announcement, Shakti Press's stock price rose nearly 5%, reaching a day's high of ₹28.14 on the Bombay Stock Exchange (BSE). Alongside the closing date extension, the company has revised the indicative timetable for post-issue activities. The last date for on-market renunciation of rights entitlements is now set for May 25, 2026, with the basis of allotment expected to be finalized around June 1, 2026. Share allotments are anticipated on June 2, with rights equity shares credited by June 3, and a tentative listing scheduled for June 4, 2026. Shakti Press confirmed that other details in the Letter of Offer and related documents remain unchanged.
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The extension of the rights issue allows shareholders more time to participate, potentially increasing their investment in the company and affecting stock liquidity.
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