Shanti Gold rights issue: board meets July 31, 2026

Board meeting set to lock rights issue terms

Shanti Gold International Limited will hold a meeting of its Board of Directors on Friday, July 31, 2026, to finalise key terms for its proposed rights issue. The company said the board will determine the issue price, decide the rights entitlement ratio, and fix the record date. It will also define the timing and payment structure for the capital raise. The meeting marks a shift from approving the broad fund-raising plan to finalising execution details.

What the board is expected to decide on July 31

As disclosed, the board’s agenda includes setting the price at which eligible shareholders can subscribe to the rights issue. It will also establish the entitlement ratio, which determines how many rights shares an investor can apply for based on their existing holding. The record date is another critical step because it decides which shareholders are eligible. The company also indicated that the board will finalise other operational aspects, including the schedule and payment mechanics for the issue.

June 30 meeting approved the fundraising framework

The July 31 meeting follows an earlier board meeting held on June 30, 2026, when Shanti Gold International approved the framework for the rights issue. At that meeting, the board approved raising up to ₹100 crore through a rights issue of fully paid-up equity shares. The equity shares proposed under the issue carry a face value of ₹10 each. The proceeds are intended to fund working capital and general corporate purposes, subject to regulatory approvals.

Regulatory filing under SEBI LODR Regulation 29

Shanti Gold International notified SEBI-regulated exchanges under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the July 31 board meeting. The company stated it informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). Such intimations typically help ensure equal access to price-sensitive information for all market participants. The disclosure also signals that the company is moving closer to announcing specific rights issue terms.

Issue size, use of funds, and instrument details

The company has stated that the rights issue is for an amount not exceeding ₹100 crore. It also specified that the instrument is fully paid-up equity shares with a face value of ₹10 each. The stated use of proceeds is working capital and general corporate purposes. The company has also indicated the fundraising remains subject to regulatory approvals, including applicable SEBI regulations.

Trading window closure and other board agenda items in 2026

Separately, the company disclosed that the trading window was closed from July 1, 2026 until 48 hours after the Q1 FY26 results. In addition to the fund-raising process, the company has had multiple board-related disclosures through the year. It informed BSE that a board meeting was scheduled on February 10, 2026, to consider and approve unaudited financial results for the quarter ended December 31, 2025. These disclosures provide context on the company’s ongoing compliance calendar alongside corporate actions.

Capacity expansion decision earlier this year

On January 22, 2026, Shanti Gold International stated that its board approved the capacity expansion of the company’s jewellery manufacturing facility. The company said the expansion is aimed at augmenting production capabilities to cater to growing demand across key product segments. While the rights issue proceeds are explicitly earmarked for working capital and general corporate purposes, the capacity expansion decision forms part of the broader operating backdrop. Investors typically track such expansions for their operational implications and the potential need for additional working capital.

Context from the company’s market disclosures and price points

Among the market data cited alongside recent updates, the stock’s current price was shown as ₹221. The company’s disclosures also referenced a “hot stocks” feed and other update timestamps. While these data points do not explain market movement drivers on their own, they provide an at-a-glance reference for readers tracking the sequence of announcements.

Key facts at a glance

IPO timeline mentioned in company-related information

The information set also referenced Shanti Gold International’s IPO details. It stated the IPO was a book-built issue of ₹360.11 crore, entirely a fresh issue of 1.81 crore shares. The IPO schedule listed subscription opening on July 25, 2025 and closing on July 29, 2025, with basis of allotment expected on July 30, 2025. Listing on BSE and NSE was scheduled for August 1, 2025.

What investors will watch after the July 31 meeting

After the July 31 board meeting, investors will watch for the company’s announcement of the issue price, entitlement ratio, and record date. These terms will determine the effective subscription cost for shareholders and clarify eligibility based on the record date. Market participants will also look for the finalised timeline and payment structure, which affects how quickly funds could be raised. Any further exchange filings linked to the rights issue process will be key for tracking progress from approval to execution.

Conclusion

Shanti Gold International’s July 31, 2026 board meeting is focused on finalising the operational terms of a rights issue approved in principle on June 30, 2026. The company has disclosed a fund-raising ceiling of up to ₹100 crore, with proceeds earmarked for working capital and general corporate purposes. The next concrete step is the company’s post-meeting disclosure to exchanges with the final terms, including price, entitlement ratio, and the record date.