Ratnaveer Precision rights issue: ₹330cr record date 2026

What the company has approved

Ratnaveer Precision Engineering Limited has cleared a rights issue that is sized at about ₹329.99 crore (around ₹330 crore) through the issuance of 1,24,99,669 equity shares. The issue price has been set at ₹264 per share, comprising a face value of ₹10 and a premium of ₹254 per share. The board approved the terms at its meeting held on August 20, 2026. The company has also fixed August 26, 2026 as the record date to determine shareholders eligible for the rights entitlement. The opening date of the rights issue has not been announced yet.

The fundraising is positioned as a step to strengthen the company’s capital base and support ongoing expansion initiatives. Among the projects referenced in the disclosures is a Copper Clad Laminate (CCL) project. The company has indicated that the CCL project is targeted for commercial production by November 2026.

Record date and eligibility mechanics

The record date for the corporate action is August 26, 2026. Shareholders whose names appear in the company’s register (or as beneficial owners in depositories) on that date are the eligible shareholders for the rights entitlement. In the materials shared, a “last date to buy shares” has been indicated as August 25, 2026, aligning with the record date mechanics.

The rights entitlement ratio has been fixed at 7 equity shares for every 40 equity shares held. That means an eligible shareholder holding 40 shares on the record date can apply for 7 additional shares under the rights issue, and so on proportionately for other holdings. The disclosures also state that ₹264 per share is payable in full at the time of application.

Terms finalised by the board on August 20

Ratnaveer Precision Engineering’s board meeting on August 20, 2026 approved key terms including the issue size, price and ratio. The company is issuing 1,24,99,669 shares on a rights basis to eligible equity shareholders as on the record date of August 26, 2026. The aggregate amount of the issue is stated at ₹3,29,99,12,616, which corresponds to ₹329.99 crore.

The company’s communication also notes that it informed the National Stock Exchange of India Limited and BSE Limited, citing Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in relation to fixing the record date.

How big is the dilution and what shareholders should note

A rights issue increases the number of outstanding shares if shareholders subscribe. While the company has not shared any post-issue share capital numbers in the provided text, the scale of issuance is explicit: 1,24,99,669 new shares. For existing shareholders, the economic impact depends on whether they participate in the rights offer relative to their entitlement.

The issue price is fixed at ₹264 per share. As with most rights issues, shareholders generally track the record date, the entitlement ratio, and the eventual opening and closing dates to plan participation. In this case, the opening date is “to be announced,” so shareholders will need to wait for the schedule and detailed offer documents to understand timelines and procedures.

Use of funds: what has been disclosed

The company has stated that the rights issue is aimed at strengthening the capital base and supporting growth and expansion initiatives. It has also linked the fundraising to its proposed Copper Clad Laminate project. In the information provided, the CCL project cost is stated at ₹472.34 crore, with commercial production targeted for November 2026.

Separately, an object of issue table included in the provided text mentions “Incremental working capital requirements” with an estimated amount of ₹255.00 crore. No additional line items from that object table were visible in the text provided.

Key numbers at a glance

Stated objects and project linkage

The disclosures also refer to the CCL expansion plan, including a stated project size of ₹472.34 crore and a target of commercial production by November 2026. The text does not provide a detailed break-up of how much of the rights issue proceeds will be allocated to the CCL project versus other uses beyond the working capital line item shown.

Registrar and process disclosures

MUFG Intime India Pvt. Ltd. has been named as the registrar to the issue in the provided information. The company has also indicated that it secured in-principle approvals from both NSE and BSE for the proposed rights issue aggregating up to ₹330 crore, with formal communication dated July 16, 2026. The references mentioned include NSE/LIST/55752 and BSE letter number LOD/Right/AM/FIP/522/2026-27.

Market impact and what to watch next

The immediate market relevance is the record date confirmation and the finalisation of core terms: price, ratio and issue size. These milestones typically enable shareholders and the market to map likely participation and track subsequent corporate action dates. However, the issue opening date is not available yet, so the full schedule is still pending.

Investors will also track the company’s next disclosures for the rights issue timetable, offer documentation, and any further detail on the use of proceeds. The company has already linked the capital raise to strengthening its balance sheet and supporting expansion, including the CCL project targeted for commercial production in November 2026. The next confirmed step is the announcement of the rights issue opening date.