Esaar (India) Rights Issue 2026: Key Dates, Price

Filing with BSE and what the company announced

Esaar (India) Ltd has filed its Letter of Offer with BSE Limited for a proposed rights issue aggregating up to ₹599.65 crore. The company has also shared the full schedule and key terms for the offer, including the record date and the subscription window in September 2026. The fundraising is structured as a rights issue of equity shares, meaning eligible shareholders can subscribe in proportion to their existing holdings. The offer is priced at ₹10 per share and is a par issue, matching the face value with no premium.

The Letter of Offer filing sets out that the company will issue up to 5,99,64,667 fully paid-up equity shares. The record date is Tuesday, August 25, 2026, which will be used to determine eligible shareholders for rights entitlements. The issue is scheduled to open on September 2, 2026 and close on September 11, 2026. As per the disclosed schedule, the listing of the new equity shares is planned for September 17, 2026.

Rights Issue Committee approval and key resolutions

The terms of the rights issue were approved by the Rights Issue Committee of the Board at a meeting held on August 19, 2026. The company has also stated that the Board of Directors, in a meeting held on August 19, 2026, fixed the record date for the rights issue as August 25, 2026. The disclosure lays out the entitlement ratio, price, and key operational dates such as renunciation deadlines and allotment timeline.

Separately, Esaar (India) had indicated that its Board approved the Draft Letter of Offer for submission to the Securities and Exchange Board of India (SEBI) and the stock exchanges. The company also noted that it had received in-principle approval from BSE Limited for the proposed issue.

Offer structure: price, face value, and entitlement ratio

The company plans to issue fully paid-up equity shares of face value ₹10 each at par, with no premium. The issue price is fixed at ₹10 per rights equity share. Shareholders who hold shares on the record date will be eligible for rights entitlements in the ratio of 44 rights equity shares for every 15 fully paid-up equity shares held.

This entitlement ratio determines the number of rights shares a shareholder can apply for, based on shares held as on August 25, 2026. The offer also provides for renunciation, with separate cut-offs for on-market and off-market renunciation.

Use of proceeds stated by the company

Esaar (India) has said the proceeds are intended to augment its capital base for lending business activities. The disclosure positions the issue as a capital-raising exercise aligned to the company’s lending operations. Beyond this stated purpose, no additional deployment details are provided in the given information.

Dates that shareholders need to track

The company’s timetable includes the record date, issue opening and closing, renunciation cut-offs, basis of allotment, credit of shares, and expected listing date. It also mentions a “Last Date to Buy Shares” as August 20, 2026 for shareholders seeking to be eligible by the record date.

The schedule shared includes the last date for credit of rights entitlements as August 27, 2026. Renunciation timelines are listed as September 8, 2026 for on-market renunciation and September 10, 2026 for off-market renunciation. The basis of allotment is scheduled for September 15, 2026, followed by credit of equity shares on September 16, 2026 and listing on September 17, 2026.

Issue size: numbers disclosed and the stated figures

Esaar (India) has described the proposed fundraising as aggregating up to ₹599.65 crore. In the same set of disclosures, the issue size is also referenced as ₹59.9647 crore (₹5,996.47 lakh) for 5,99,64,667 shares at ₹10 per share, assuming full subscription. Based on the provided share count and price, the amount ₹59,96,46,670 is also cited, which corresponds to ₹59.964667 crore.

The presence of both ₹599.65 crore and approximately ₹59.96 crore is part of the published information, and readers typically rely on the Letter of Offer and exchange filings to confirm the final aggregated figure. The offered share count and price are explicitly stated as 5,99,64,667 shares at ₹10 each.

Outstanding equity shares before and after the issue

The disclosures include the company’s outstanding equity shares before and after the rights issue, assuming full subscription. Outstanding equity shares are stated as 2,04,42,500 prior to the rights issue. Post rights issue, outstanding equity shares are stated as 8,04,07,167, assuming full subscription.

This change reflects the issuance of up to 5,99,64,667 new equity shares, subject to subscription under the rights issue terms.

How investors can apply and where the issue will list

The rights issue is indicated to list on BSE. The application routes mentioned include net banking through ASBA and a registrar’s website route via an R-WAP facility. The information also states that the application form for the Esaar India Rights Issue August 2026 is not available at this time.

The document includes a trade support toll-free number: 1800 266 0050 (Select IVR option 1). It also provides company contact details, including an address in Malad East, Mumbai, a phone number, email contact, and the investor website.

Key terms at a glance

Timeline published by the company

Company contact details disclosed

Esaar India Ltd., Shop No. 06, Prathmesh Avenue Datta Mandir Road, Malad East, Mumbai, 400097. Phone: 8104417080. Email: [email protected]. Website: https://investor.esaar.in/.

What to watch next

With the Letter of Offer filed with BSE and the timeline announced, the next key dates are the record date on August 25, 2026 and the issue opening on September 2, 2026. The company’s schedule also sets out allotment finalisation on September 15, 2026 and listing on September 17, 2026. Investors tracking the issue will typically focus on rights entitlement credit by August 27, 2026 and the renunciation cut-offs in early September.