SI Capital rights issue 2026: board allots 75.75 lakh

Key development from the board meeting

SI Capital & Financial Services Limited said its board has approved the allotment of 75.75 lakh fully paid-up Rights Equity Shares at an issue price of ₹10 per share (face value ₹10 each). The company is filing an intimation on the outcome of the board meeting held on 09 September 2026 for the allotment of shares on a rights basis.

Following the allotment, the company’s paid-up capital increases from ₹50.5 crore to ₹126.25 crore, as disclosed in the board outcome information.

Rights issue size and price at a glance

The company’s rights issue covers up to 75,75,000 equity shares, which equals 0.7575 crore shares. The offer is priced at ₹10 per share and aggregates up to ₹7.58 crore (₹757.50 lakh), as per the issue details shared by the company.

The issue is structured as a rights offer, meaning eligible shareholders get the right to apply for additional shares in a pre-defined proportion.

Entitlement ratio and record date

The rights entitlement is set at 3 rights equity shares for every 2 fully paid-up equity shares held on the record date. The record date communicated for determining eligibility is 31 July 2026.

For market participants tracking eligibility, the timeline also includes a “last date to buy shares” of 30 July 2026, ahead of the record date.

Issue schedule: opening, closing, and key dates

The rights issue opened on 10 August 2026 and closed on 03 September 2026, based on the schedule provided. The last date for on-market renunciations is stated as 28 August 2026.

The company has also mentioned a deemed date of allotment as 04 September 2026. In addition, rights entitlements were expected to be credited to eligible demat accounts on 04 August 2026.

Application process: ASBA and demat-only allotment

The company specified that applications must be submitted through the ASBA process. It also stated that allotment would be in dematerialised form only.

This means applicants needed to route bids through ASBA-enabled bank accounts, and successful allotment would be credited to demat accounts rather than issued as physical share certificates.

Newspaper advertisements and regulatory disclosures

SI Capital & Financial Services said it published newspaper advertisements on 06 August 2026 confirming the dispatch of the Letter of Offer for the proposed rights issue. The advertisements were published in Financial Express, Jansatta, and The Hindu.

The company noted that these publications were in compliance with Regulation 84(1) of the SEBI ICDR Regulations.

Post-allotment share capital impact

The board-approved allotment of 75.75 lakh rights shares at ₹10 each increases the paid-up capital from ₹50.5 crore to ₹126.25 crore, according to the disclosed outcome.

This is a material expansion in equity base, and it aligns with the stated objective of mobilising ₹7.58 crore through the rights issue.

Use of proceeds and issue expenses

In the stated deployment plan, the company disclosed that it expects to spend ₹0.35 crore on the rights issue process. From the net proceeds, it has outlined the following uses:

• ₹5.50 crore for augmenting its capital base
• ₹1.50 crore for repayment, prepayment and/or redemption (in full or part) of NCDs issued by the company, including interest
• ₹0.23 crore for general corporate purposes

These figures are presented as the company’s disclosed intended utilisation linked to the issue.

Registrar details and company contacts

MUFG Intime India Pvt. Ltd. is named as the registrar to the issue. The company also provided contact details for investor queries.

Registrar contact details included: Phone 022-49186000 and email sicapfin.rights2026@in.mpms.mufg.com, along with a website link to MUFG’s public issues page. The company’s address was listed as No. 28, Second Floor, New Scheme Road, Pollachi, Coimbatore, Pollachi 642001, with phone 916238812108 and email info@sicapital.co.in.

Market impact and what investors typically track

The immediate regulatory trigger in this update is the board’s approval of allotment and the resulting jump in paid-up capital from ₹50.5 crore to ₹126.25 crore. For shareholders, the relevant factual checkpoints are the rights ratio (3:2), the offer price (₹10), and the timeline around the record date (31 July 2026) and issue window (10 August to 03 September 2026).

The company has also stated that post allotment, the rights issue shares will be listed on BSE. Investors typically track such listings, along with final allotment confirmations and credit of shares in demat accounts, based on the dates provided by the issuer.

Conclusion

SI Capital & Financial Services’ board has approved the allotment of 75.75 lakh rights equity shares at ₹10 each, taking paid-up capital from ₹50.5 crore to ₹126.25 crore. The company has set out the rights issue’s dates, entitlement ratio, ASBA-only application process, and intended utilisation of proceeds, and has communicated that it is filing the board meeting outcome intimation dated 09 September 2026.