Geetanjali Credit sets Rs 12.50 rights-share price in two instalments

Geetanjali Credit and Capital Limited has set the price of its partly paid rights shares at Rs 12.50 each, requiring Rs 6.25 on application and Rs 6.25 through a first and final call on or about December 25 to December 31, 2026. The board approved the terms on November 12, 2026.

What will Geetanjali Credit shareholders pay for each rights share?

Geetanjali Credit shareholders will pay Rs 12.50 for each rights share under the announced terms, comprising Rs 10 of face value and Rs 2.50 of premium. The company has divided that consideration equally between the application stage and one later call, rather than requiring the entire amount when an application is submitted.

The application payment is Rs 6.25 per rights share, including Rs 5 of face value and Rs 1.25 of premium. The first and final call is also Rs 6.25 per share, with the same Rs 5 face-value component and Rs 1.25 premium component. The disclosed payment structure therefore leaves half of the Rs 12.50 price unpaid at application.

The price terms relate to partly paid equity shares with a face value of Rs 10 each. Geetanjali Credit had previously approved the issuance of partly paid rights shares on July 16, 2026, and its November 12 decision specifies the consideration and call structure for those shares.

When is the remaining Rs 6.25 call payment due?

Geetanjali Credit has scheduled the first and final call on or about December 25, 2026 to December 31, 2026. The call requires Rs 6.25 for each rights share, consisting of Rs 5 towards face value and Rs 1.25 towards premium.

The planned call period follows the currently scheduled December 7, 2026 issue closing date by about 18 to 24 days. The application instalment and the final-call instalment are equal at Rs 6.25 each, so the amount due after application matches the cash amount payable at the initial stage.

Geetanjali Credit said its board retains the right to change both the timing of calls and the amount payable on each call for business requirements and other commercial considerations, subject to applicable law. Accordingly, December 25 to December 31, 2026 is the disclosed planned window, rather than an irrevocable call timetable.

The company has identified this as one separate call and described it as the first and final call. Its announced structure does not set out additional calls beyond the Rs 6.25 application payment and the Rs 6.25 final payment, which together total Rs 12.50 per rights share.

What are the dates for the Geetanjali Credit rights issue?

Geetanjali Credit has set November 27, 2026 as the rights issue opening date and December 7, 2026 as its scheduled closing date. Rights entitlements are due to be credited by November 19, 2026, eight days before the issue opens under the announced timetable.

The last date for on-market renunciation of rights entitlements is December 2, 2026, five days after the opening date and five days before the current closing date. For an off-market transfer, eligible equity shareholders must ensure that the rights entitlements are credited to the renouncee's demat account on or before December 7, 2026.

No withdrawal of an application will be permitted after the December 7, 2026 issue closing date, according to the announcement. Geetanjali Credit's board or Rights Issue Committee may extend the issue period, but any extension cannot exceed 30 days from November 27, 2026, inclusive of the opening date.

How does this issue fit Geetanjali Credit's earlier fundraising approval?

Geetanjali Credit's board had approved a rights issue of partly paid equity shares for an amount not exceeding Rs 90 crore on July 16, 2026. The November 12 approval adds a per-share price of Rs 12.50 and a two-instalment payment mechanism to that earlier fundraising approval.

The announcement does not state the number of rights shares to be issued, the rights entitlement ratio or a final issue size. Therefore, the Rs 90 crore amount remains the disclosed ceiling for the earlier approval, while the filing does not say that the issue will raise Rs 90 crore at the Rs 12.50 price.

The premium totals Rs 2.50 per share, equal to 20% of the Rs 12.50 issue price, while the Rs 10 face value accounts for the remaining Rs 10. At both the application and call stages, the split is Rs 5 of face value and Rs 1.25 of premium, preserving the same composition across the two payments.

Geetanjali Credit also approved the Letter of Offer for filing with the Securities and Exchange Board of India and BSE Limited on November 12, 2026. The announcement says the board meeting began at 7:00 p.m. and concluded at 7:30 p.m. on that date.

Conclusion

Geetanjali Credit has turned its earlier approval for a rights issue of up to Rs 90 crore into defined payment terms of Rs 12.50 per share. The issue requires Rs 6.25 on application and another Rs 6.25 through a single first and final call, with the stated call period falling after the scheduled December 7, 2026 issue close.

The next disclosed dates are the November 19, 2026 credit of rights entitlements, the November 27 opening, the December 2 on-market renunciation deadline and the December 7 scheduled close. Investors should watch for the Letter of Offer filing, any extension within the stated 30-day limit from the opening date, and any board-led change to the call timing or amount.