Esaar India rights issue 2026: dates, ratio, ₹10

What Esaar (India) announced

Esaar (India) Ltd has announced a proposed rights issue of equity shares and disclosed the key dates, price, entitlement ratio, and expected post-issue schedule through filings and notices on BSE. The company has set the rights issue price at ₹10 per equity share, which is at par with the face value of ₹10 and carries no premium. The entitlement ratio has been fixed at 44 rights equity shares for every 15 fully paid-up equity shares held on the record date. The rights issue opens on September 2, 2026 and closes on September 11, 2026, as per the disclosed timetable.

The company’s stated purpose for raising funds is to strengthen its capital base for lending activities and to meet general corporate purposes. The announcement also includes operational milestones such as the finalisation of basis of allotment and expected listing date for the new shares. The information flow includes a Regulation 30 (LODR) announcement on newspaper publication and references to a Letter of Offer filing with BSE Limited.

Board and committee approvals behind the issue

Esaar (India) disclosed that its Board of Directors, in a meeting held on August 19, 2026, considered and approved the terms of the rights issue. The board meeting on the same date also fixed the record date for determining eligible shareholders. Separately, the rights issue committee approved the terms for issuing 5,99,64,667 fully paid-up equity shares.

The disclosed timeline also shows an agenda item dated 2026-08-19 for “Right Issue of Equity Shares.” These approvals matter because they formalise the issue price, ratio, and record date that determine shareholder eligibility and the number of rights entitlements credited.

Key dates shareholders should track

The company has published a detailed schedule that includes the last date to buy shares to be eligible, the record date, opening and closing dates, and the renunciation deadlines.

Eligible shareholders are those holding shares as on the record date, August 25, 2026. The last date to buy Esaar (India) shares to be eligible (as disclosed) is August 20, 2026. The rights issue subscription window runs from September 2 to September 11, 2026.

Renunciation is also part of the timetable. The last date for on-market renunciation is September 8, 2026, while the last date for off-market renunciation is September 10, 2026. The deemed date or finalisation of basis of allotment is September 15, 2026, followed by credit of equity shares on September 16, 2026 and listing of shares on September 17, 2026 (as per schedule).

Issue price, ratio, and what the entitlement means

The rights issue is priced at ₹10 per equity share. The entitlement ratio is 44:15, which the company describes as 44 rights equity shares for every 15 fully paid-up equity shares held on the record date. In practical terms, this ratio defines the maximum number of shares an eligible shareholder can apply for under their basic entitlement.

The disclosures specify that the shares are being issued at par, with face value ₹10 and premium ₹0. This clarifies that the issue price equals the face value, and there is no additional premium component.

Issue size: what’s disclosed and the internal inconsistency

Esaar (India) has disclosed that it plans to issue up to 5,99,64,667 equity shares at ₹10 each. Based on these figures, the total amount works out to about ₹59.9647 crore (₹59.96 crore when rounded), and several places in the provided information explicitly reference an issue size of approximately ₹59.96 crore.

At the same time, the provided information also contains references stating the rights issue will aggregate up to ₹599.65 crore. The same dataset notes that the total issue size is shown as “₹599.65 crore (also referenced as ~₹59.9647 crore in the same information).” Investors typically reconcile such differences by relying on the share count and issue price disclosed, and on the final Letter of Offer and exchange filings. This article reflects the disclosures as presented, without assuming which figure is the corrected one.

How the proceeds are planned to be used

The company has stated that the funds will be utilised to strengthen its capital base for lending activities and for general corporate purposes. This is the primary use-of-proceeds statement included in the provided disclosure text. No additional capex plan or project-level allocation is specified in the provided material.

Where the shares are expected to list and how to apply

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 disclosed material also includes a trade support toll-free number: 1800 266 0050 (with an IVR selection instruction).

Stock reference on the disclosure day

The provided information includes a BSE price reference for Esaar (India) Ltd at ₹12.58, down 1.29% (Source: BSE). This price reference is included alongside the rights issue disclosure items.

Summary table: terms and timeline

Company contact details disclosed

Esaar India Ltd has provided the following contact information in the disclosed material: Shop No. 06, Prathmesh Avenue, Datta Mandir Road, Malad East, Mumbai 400097. Phone: 8104417080. Email: esaarindialtd@gmail.com. Website: https://investor.esaar.in/.

Why these dates matter for shareholders

For shareholders, the record date and the last date to buy are the two key checkpoints that determine eligibility and whether rights entitlements get credited. The renunciation deadlines matter for investors who plan to transfer their entitlements, whether on-market or off-market. The allotment, credit, and listing dates matter for tracking when new shares may appear in demat accounts and when trading is expected to begin.

Conclusion

Esaar (India) Ltd has laid out the full terms and timetable for its 2026 rights issue, including a ₹10 issue price, a 44:15 entitlement ratio, and a record date of August 25, 2026. The subscription window runs from September 2 to September 11, 2026, with renunciation deadlines on September 8 and September 10, 2026. As per the schedule disclosed, the company expects basis of allotment on September 15, credit on September 16, and listing on September 17, 2026, while also disclosing its intended use of proceeds for lending capital and general corporate purposes.