Rajkot Investment Trust approves rights issue up to Rs 48 crore

Rajkot Investment Trust Limited approved an equity-share rights issue of up to Rs 48 crore at its November 02, 2026 board meeting, while the issue price, rights entitlement ratio, record date and payment terms were left for a newly formed Rights Issue Committee to determine.

What did Rajkot Investment Trust approve on November 02, 2026?

Rajkot Investment Trust approved fundraising of up to Rs 48 crore through a rights issue of equity shares for eligible equity shareholders as of a record date to be notified later. The board approved the proposal on November 02, 2026, under applicable laws including the Companies Act, 2013, the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements Regulations, 2018, and SEBI listing regulations.

The Rs 48 crore amount is an aggregate ceiling for the proposed issue rather than a disclosed share count or completed fundraise. Annexure A identifies equity shares as the proposed securities and categorises the transaction as a rights issue. Rajkot Investment Trust did not disclose the number of shares because the final issue price and entitlement ratio have not been set.

The board meeting began at 5:00 p.m. and concluded at 5:45 p.m. on November 02, 2026. During that meeting, Rajkot Investment Trust also approved a draft letter of offer for submission to the stock exchange or exchanges where its equity shares are listed, to seek in-principle approval for the proposed issue.

Which rights-issue terms remain undecided?

Rajkot Investment Trust has not disclosed the rights-issue price, rights entitlement ratio, record date, timing or payment terms as of November 02, 2026. These terms will determine how the up-to-Rs-48-crore issue is structured, including the eventual number of equity shares and the shareholders entitled to participate.

The board constituted a Rights Issue Committee to decide the pending terms and conditions. Its stated mandate includes fixing the record date, determining the issue price, setting the rights entitlement ratio, and deciding the timing and terms of payment for the equity-share offer.

The November 02, 2026 filing also does not state the intended use of the up-to-Rs-48-crore proceeds. It provides no split between business purposes, debt repayment, working capital, acquisitions or other uses, and it does not disclose an issue opening or closing date.

How will Rajkot Investment Trust move the issue forward?

Rajkot Investment Trust will move the proposal forward through the Rights Issue Committee, which is authorised to settle the remaining commercial terms after the board approval of up to Rs 48 crore. The committee's decisions on price, entitlement ratio, record date and payment conditions will define the offer beyond its approved fundraising limit.

The board also approved the draft letter of offer for submission to the relevant stock exchange or exchanges to seek in-principle approval. The November 02 filing does not give a submission date or an expected approval date, and it does not state that in-principle approval had been received at the time of disclosure.

Rajkot Investment Trust further approved the appointment of intermediaries, agencies, bankers and other parties connected with the proposed rights issue. The filing does not name those appointees, disclose their fees, or describe their individual roles, while confirming that implementation arrangements were authorised.

What does the filing show about the issue's scale and status?

Rajkot Investment Trust disclosed an upper fundraising limit of Rs 48 crore but no post-issue share capital, dilution percentage or total equity-share count. This differs from a completed allotment, for which the number of shares issued and funds raised could be reported; the November 02 disclosure instead describes a proposed offer with key terms still pending.

The filing identifies equity shares as the security and a rights issue as the method, while Annexure A records no cancellation or termination of the proposal. Rajkot Investment Trust has therefore approved the route and maximum amount, but the announcement does not establish the final economics of the issue or the actual proceeds that may be raised.

No comparison with an earlier fundraising, financial period or operating segment is available in the November 02 disclosure. Rajkot Investment Trust did not provide revenue, profit, debt, cash, earlier share-capital or previous rights-issue figures, limiting the disclosed comparison to the approved Rs 48 crore ceiling and the terms that remain subject to committee decisions.

What should Rajkot Investment Trust shareholders await next?

Rajkot Investment Trust shareholders should await the record date because eligibility for the proposed rights issue will depend on holdings as of that date. The November 02, 2026 filing says the date will be notified subsequently, but gives no expected timing for that notification.

The next material disclosures are the issue price, rights entitlement ratio, payment schedule and timing, all of which fall within the Rights Issue Committee's mandate. Those terms, together with the stock-exchange in-principle approval process for the draft letter of offer, will provide the information needed to calculate the issue's share count and participation mechanics.

Conclusion

Rajkot Investment Trust has approved a rights issue of equity shares with an aggregate limit of up to Rs 48 crore, while leaving its central commercial terms unresolved. The November 02, 2026 disclosure confirms the board decision, the proposed security, the issue method and the regulatory process, but not the price, entitlement ratio, share count or intended use of proceeds.

The next disclosures to watch are the Rights Issue Committee's decisions on the record date, price, entitlement ratio, timing and payment terms. Rajkot Investment Trust also plans to submit its draft letter of offer for stock-exchange in-principle approval, while the identities of appointed intermediaries, agencies and bankers remain undisclosed.