Century Extrusions Approves Rights Issue of ₹45 Crore
Century Extrusions approved a Rights Issue of up to ₹45 Crore by issuing 3 crore partly paid-up equity shares at ₹15 each. The record date is September 15, 2026, with the issue opening on September 23, 2026, and closing on October 14, 2026.
A rights issue of this size can impact the company's capital structure and potentially dilute existing shareholders if not fully subscribed or if used for non-revenue generating purposes. However, it also provides capital for growth or operational needs.
The company is raising capital through a rights issue, which can be seen as a positive step for growth or debt reduction.
Century Extrusions Limited has announced the outcome of its Board of Directors meeting held on September 08, 2026. The Board approved the terms of a proposed Rights Issue aimed at raising up to ₹4500 Lakhs (₹450 Crore).
The Rights Issue will involve the issuance of 3,00,00,000 partly paid-up equity shares with a face value of ₹1 each and a premium of ₹14 per share, resulting in a Rights Issue price of ₹15 per equity share. The record date for determining eligible shareholders is set for September 15, 2026.
The Rights Issue period will commence on September 23, 2026, and close on October 14, 2026. Eligible shareholders will be entitled to subscribe to 3 Rights Equity Shares for every 8 fully paid-up Equity Shares held as of the record date. The company has made arrangements with NSDL and CDSL for the credit of Rights Entitlements in dematerialized form.
What to do with a filing like this
Century Extrusions Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Century Extrusions Limited. Read the original for the full detail.