Century Extrusions rights issue: board sets terms Sep 8, 2026

Board meeting on September 8 to lock key rights issue terms

Century Extrusions Limited has scheduled a board meeting on September 8, 2026 to finalise the terms of its proposed rights issue of partly paid-up equity shares. The meeting is expected to settle the key commercial and procedural details required to move the issue forward.

As per the company’s stated agenda, directors will consider the final issue price, the issue size and the rights entitlement ratio for existing shareholders. The board will also approve the record date that will determine shareholder eligibility for receiving rights entitlements.

The company indicated that the September 8 meeting follows an earlier intimation dated April 24, 2026, when the board took up related approvals for the capital raise plan.

What the board is expected to approve

The September 8 meeting is set to address multiple items that typically define how a rights issue is executed. These include the pricing of the issue, the size of the fundraise and the entitlement ratio, which dictates how many rights shares a shareholder can apply for based on shares held on the record date.

Beyond these commercial terms, the board will take up the record date and approvals linked to the letter of offer and other connected matters required for execution. The company has stated that these decisions are necessary to implement the rights issue effectively.

The rights issue has been described as a partly paid-up equity issue. The company’s publicly shared information also indicates that specific dates and the final price were not finalised at the time of the earlier disclosures and were listed as “coming soon.”

April 24 approvals: draft offer cleared for a ₹45 crore issue

In its board meeting held on April 24, 2026, Century Extrusions approved the Draft Letter of Offer for a rights issue of equity shares aggregating up to ₹45 crore. The company also indicated that this Draft Letter of Offer dated April 24, 2026 was approved for filing with BSE Limited and the National Stock Exchange of India Limited to seek observations and in-principle approval for the proposed issue and listing of equity shares.

The April 24 board outcome referenced the company’s earlier approval dated February 11, 2026 for a rights issue not exceeding ₹45 crore. The disclosures also note that the equity shares carry a face value of ₹1 per share.

Alongside the rights issue approvals, the board noted the resignation of Independent Director Mr. Sanjeev Kishore, effective April 7, 2026.

Use of proceeds: loan repayment and working capital

Century Extrusions outlined a planned deployment for the net proceeds from the rights issue across three areas: repayment of unsecured loans, working capital requirements and general corporate purposes.

Based on the amounts provided by the company, the largest disclosed allocation was for working capital requirements, followed by repayment of unsecured loans. The remainder was earmarked for general corporate purposes.

Issue structure and process: partly paid shares, ASBA only

The company’s disclosures indicate that the rights issue will involve partly paid-up equity shares. It also stated that eligible equity shareholders will be required to apply through the Application Supported by Blocked Amount (ASBA) process only, as mandated by SEBI regulations.

On timing, Century Extrusions stated that the rights issue will remain open for a minimum of seven days. It also noted that the board has the right to extend the issue period up to 30 days from the issue opening date.

Key operational details such as the record date, issue price and the issue size in shares were not finalised in the information provided and were indicated as pending.

Capital structure details disclosed by the company

Century Extrusions disclosed a current paid-up capital of ₹8 crore, representing 8 crore shares, and stated a face value of ₹1 per equity share in its rights issue parameters.

The company also indicated that the record date was “to be announced” at the time of those disclosures, aligning with the September 8 board meeting agenda item to approve the record date.

Key facts table

Prior committee and approvals mentioned

Century Extrusions also disclosed that a Rights Issue Committee was formed to oversee the process. The committee was stated to include Chairman and Managing Director Shri Shivanshu Jhunjhunwala, and Non-Executive Independent Directors Shri Bishwanath Choudhary and Smt. Dhwani Fatehpuria.

Separately, the company stated that it has received in-principle approvals from both BSE and NSE for listing the rights equity shares. These approvals typically support the next steps in finalising documentation and announcing the schedule.

Other corporate context disclosed

The company disclosed that it executed a ₹18.00 crore credit facility agreement with Bandhan Bank Limited on December 31, 2025 for working capital purposes. While the company has not linked this facility directly to the rights issue in the provided information, it adds context to the working capital position referenced in the proposed use of proceeds.

What investors can watch next

The September 8, 2026 board meeting is expected to provide clarity on the still-pending items such as the issue price, entitlement ratio and record date. These details typically determine how the rights issue impacts existing shareholders, including eligibility and the cost of subscribing.

Once the company finalises these terms, investors will look for the formal letter of offer and the subsequent schedule milestones, including issue opening and closing dates, which the company has indicated were not finalised in earlier updates.