Jindal Capital opens ₹16.22 crore rights issue on Nov 17

Jindal Capital Limited will open a ₹16.22 crore rights issue on November 17, 2026, offering up to 1,08,12,149 fully paid-up equity shares at ₹15 each in a ratio of three rights shares for every two shares held on the November 6 record date. The issue is scheduled to close on December 1, 2026.

What are Jindal Capital’s rights issue terms?

Jindal Capital is offering up to 1,08,12,149 rights equity shares for cash at ₹15 per share, comprising a face value of ₹10 and a premium of ₹5. Assuming full subscription, the issue will aggregate to ₹16.22 crore. The shares are fully paid-up and will be allotted only in dematerialised form.

The entitlement is three rights shares for every two fully paid-up equity shares held on the November 6, 2026 record date. A shareholder taking up the full entitlement would therefore subscribe for three additional shares for every two qualifying shares held on that date. The pre-issue advertisement does not state the proposed use of the ₹16.22 crore proceeds.

Jindal Capital’s existing equity shares are listed on BSE under scrip code 530405. BSE issued in-principle approval for listing the rights shares in its October 28, 2026 letter, reference LOD/RIGHT/SS/FIP/1023/2026-27. The company said this permission does not mean BSE has approved the Letter of Offer or certified its completeness.

When can Jindal Capital shareholders apply or trade entitlements?

Jindal Capital’s issue opens on Tuesday, November 17, 2026 and is scheduled to close on Tuesday, December 1, 2026. The board may extend the issue period, but it cannot remain open for more than 30 days from the opening date. No application may be withdrawn after the closing date.

Eligible shareholders may trade Rights Entitlements on BSE from November 17 through November 26, 2026, inclusive. The entitlements trade in dematerialised form under International Securities Identification Number, or ISIN, INE356F20017, with a market lot of one entitlement. BSE transactions use automatic order matching and a T+1 rolling settlement cycle.

Jindal Capital credited Rights Entitlements to eligible shareholders’ demat accounts on November 9, 2026. Entitlements for physical holders, or for accounts with unavailable, frozen or disputed demat details, were placed in a demat suspense escrow account. Eligible shareholders can check the entitlement through the registrar’s website using their DP ID and Client ID, or folio number and Permanent Account Number for physical holdings.

How can Jindal Capital shareholders renounce their rights?

Jindal Capital shareholders may renounce Rights Entitlements in full or in part through BSE or by an off-market transfer. For an on-market sale before the November 26 deadline, a shareholder must use a registered stockbroker, quote ISIN INE356F20017 and specify the number of entitlements being sold.

An off-market transfer requires a delivery instruction through the shareholder’s depository participant under National Securities Depository Limited or Central Depository Services Limited procedures. The entitlement must reach the renouncee’s demat account on or before December 1, 2026. The advertisement specifically asks shareholders to ensure that the credit is completed by the issue-closing date.

Rights Entitlements neither subscribed nor renounced by December 1, 2026 will lapse and be extinguished after the issue closes. Jindal Capital also said it will not allot any undersubscribed portion to specific investors. The filing therefore does not identify any investor who would receive unsubscribed shares under such an arrangement.

How must Jindal Capital investors submit an application?

Jindal Capital requires applications through the Application Supported by Blocked Amount, or ASBA, process. Under ASBA, an applicant authorises a Self Certified Syndicate Bank, or SCSB, to block the application amount in an ASBA-enabled bank account. Applications may be submitted at a designated SCSB branch or electronically through an SCSB website where available.

The application must be submitted and funds blocked by December 1, 2026, or the offer will be treated as declined. Jindal Capital identifies ICICI Bank Limited as banker to the issue and refund bank, while Brickwork Ratings India Private Limited is the monitoring agency. The company states that the issue follows the mandatory ASBA route under the applicable Securities and Exchange Board of India regulations.

Eligible shareholders who did not receive an application form and cannot obtain one may apply on plain paper under ASBA, subject to the required details and signatures. A plain-paper applicant cannot renounce Rights Entitlements. More than one plain-paper application for the same entitlement, or applications made on both a form and plain paper, may be treated as multiple applications and rejected.

Physical shareholders seeking to apply must provide demat-account details to Jindal Capital or the registrar by Friday, November 27, 2026, at least two working days before the scheduled close. Their entitlements can then be transferred from the suspense escrow account to their demat accounts at least one day before December 1. Holders who do not provide those details in time cannot apply and their entitlements will lapse.

Conclusion

Jindal Capital’s rights offer sets a defined choice for shareholders eligible on November 6, 2026: subscribe at ₹15 per share, or renounce the dematerialised entitlement before the relevant deadline. The three-for-two structure means the offer can add up to 1,08,12,149 shares if fully subscribed, while the company has said no undersubscribed portion will be allotted to specific investors.

The key remaining dates are November 26, 2026 for on-market renunciation and December 1, 2026 for applications and completion of off-market transfers. Jindal Capital’s board may extend the issue, subject to the disclosed maximum period of 30 days from the November 17 opening date. Unused Rights Entitlements will lapse after the issue closes.