Shanti Gold rights issue: ₹99.8 cr at ₹215 in 2026

What the board has approved

Shanti Gold International Limited has approved the definitive terms of a rights issue worth ₹99.83 crore. The issue will be offered to existing shareholders on a proportionate basis and is priced at ₹215 per equity share. The company plans to issue 46,43,471 fully paid-up equity shares under the offer. The fundraising assumes full subscription of the proposed securities. The company has described the capital raise as being for corporate purposes. The rights issue has been structured as renounceable, which means eligible shareholders can transfer their entitlements.

Issue price and share details

The rights issue price has been set at ₹215 per share, which includes a premium of ₹205. The equity shares under the broader rights issue framework carry a face value of ₹10 each. Based on the disclosed numbers, the total issue size is ₹99,83,46,265, which the company has also communicated as ₹99.83 crore. The offer will be made to eligible equity shareholders as of the record date announced by the company. As with rights issues generally, shareholders who do not participate risk dilution in their percentage holding.

Key terms at a glance

The company has disclosed the following key parameters for the rights issue.

Entitlement ratio and fractional entitlements

The rights entitlement has been set at 19 new equity shares for every 295 existing equity shares held on the record date. The company has also clarified how it will handle fractional entitlements. Shareholders holding fewer than 295 shares, or holdings that are not exact multiples of 295, will have fractional entitlements ignored.

However, the company has also indicated that such shareholders may receive preferential consideration for one additional share if they apply for extra units beyond their entitlement. Separately, it has stated that those with less than 295 shares will receive zero entitlement forms that are non-negotiable. These operational rules matter because they can affect the final number of shares a small shareholder can apply for, depending on the application for additional shares.

Record date and subscription window

The record date for determining eligible shareholders has been set as August 06, 2026. The rights issue window will open on Friday, August 14, 2026 and close on Friday, August 21, 2026. The company has also stated that shareholders must pay the full amount on application.

The board has retained the right to extend the issue period by up to 30 days from the opening date, if needed. The company has also clarified that no withdrawals will be permitted after the closing date. These terms are part of the operating mechanics that investors typically watch closely, especially when timelines are tight.

Renunciation deadlines and operational cut-offs

Since the issue is renounceable, eligible shareholders can transfer their rights entitlement. The company has specified separate deadlines for on-market and off-market renunciations.

These cut-offs are relevant for shareholders who plan to sell or transfer entitlements rather than subscribe, as missing the deadline could remove that option.

How this ties back to the June 30 approval

The definitive terms follow the company’s earlier board decision on June 30, 2026, when Shanti Gold International approved the framework for raising up to ₹100 crore through a rights issue. At that time, the company indicated the proceeds were intended to fund working capital and general corporate purposes, subject to regulatory approvals. Key parameters such as the issue price, record date, and entitlement ratio were to be decided later.

Subsequent disclosures and reporting also pointed to a board meeting scheduled for July 31, 2026 to finalise the price, entitlement ratio, and record date, along with timing and payment terms. The company had notified SEBI-regulated exchanges under Regulation 29 in connection with these board deliberations. The latest set of disclosed terms puts concrete numbers and dates around the fundraising plan.

Market references cited alongside the disclosures

Alongside the rights issue coverage, the stock price cited in disclosures was ₹221. Separate reporting also described the rights issue size of up to ₹100 crore as roughly 6.1% of the company’s market capitalisation of ₹1,633 crore, highlighting potential dilution if eligible shareholders do not participate. These figures were presented as context for the scale of the fundraising relative to the company’s market value.

What investors typically track from here

After definitive terms are approved and announced, shareholders generally focus on the record date to confirm eligibility, followed by the subscription window and renunciation cut-offs. For Shanti Gold International, the key operational requirements are clear: full payment is due at application, withdrawals are not allowed after closure, and the company can extend the issue period within the stated limit.

Investors also tend to watch the company’s post-meeting exchange filings for the final set of operational details and compliance documentation required under applicable SEBI regulations governing rights issue processes, including the letter of offer where applicable.

Conclusion

Shanti Gold International’s ₹99.83 crore renounceable rights issue is priced at ₹215 per share, with a record date of August 06, 2026 and subscription open from August 14 to August 21, 2026. The entitlement ratio has been set at 19 shares for every 295 shares held, with specific rules around fractional entitlements and renunciation deadlines. The next updates for shareholders will be the company’s further regulatory disclosures and the execution milestones across the record date, renunciation window, and subscription period.