Submission of Final letter of offer for right issue
FUNDRAISE
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 29 Apr 2026, 08:59 PM IST · BSE ID: cfa9ede7-2eb0-4f32-8d69-096e7e6709d3
View Original BSE Filing (PDF)
💡
In Simple Terms
Shakti Press is offering existing shareholders the right to buy new shares at ₹20 each, raising up to ₹4,928.28 Lakhs in cash.
🤖 AI Summary
- Shakti Press Ltd submits Letter of Offer for rights issue of up to 2,46,41,400 shares at ₹20 per share
- Aggregate fundraise up to ₹4,928.28 Lakhs on 7:1 rights basis to eligible equity shareholders
- Record date April 29, 2026; issue opens May 7, closes May 18, 2026 for BSE-listed company
- Board approved issue on April 29, 2026; BSE gave in-principle approval February 16, 2026
- No promoter, director, or company identified as wilful defaulter or fraudulent borrower
🔢 Key Numbers — exact figures from BSE filing, not rounded
Aggregate fundraise (full subscription)
₹4,928.28 Lakhs
Rights shares to be issued (maximum)
2,46,41,400 shares
Issue price per share
₹20 (face value ₹10, premium ₹10)
Rights ratio
7 shares for every 1 existing share held
Record date
April 29, 2026
Subscription period
May 7–18, 2026
🏢 How This Affects the Company
Rights issue will increase equity base and working capital, expanding the company's financial capacity for operations and growth in multicolor offset printing and packaging segments.
Successful full subscription raises ₹4,928.28 Lakhs in cash, strengthening balance sheet and improving liquidity. Share capital and reserves will increase proportionally.
Shareholder dilution occurs if not all existing shareholders participate proportionally. Market conditions during May 7–18 subscription period may influence uptake.
👥 What This Means For Shareholders
✅
Action Required
Eligible equity shareholders must subscribe or renounce rights by May 18, 2026; on-market renunciation deadline is May 13, 2026.
👤
Who Is Affected
All eligible equity shareholders as of record date April 29, 2026 can subscribe at ₹20 per share in 7:1 ratio. Non-participation causes dilution of ownership stake.
🔍
Management Signal
Board decision reflects confidence in capital deployment and operational needs in printing, packaging, and stationery segments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Issue closing date May 18, 2026 — monitor subscription levels via BSE/registrar disclosures
Allotment filing (Reg 30/41) — expected within 2–3 weeks post-closure for share issuance confirmation
Rights listing on BSE — track listing date and opening price movement post-allotment
MEDIUM RISK
High dilution (7:1 ratio) and limited financial disclosure in Letter of Offer. Shareholder participation risk and market-timing risk during May 7–18 subscription window.
💡 Investor Takeaway
Shakti Press launches rights issue of 2,46,41,400 shares at ₹20 per share (7:1 ratio) raising ₹4,928.28 Lakhs. Subscription opens May 7, closes May 18, 2026. Eligible shareholders must act within the window to exercise or renounce rights.
⚖️ Strengths & Concerns
✅ Positives
- Large fundraise of ₹4,928.28 Lakhs strengthens balance sheet and liquidity for a printing and packaging company.
- Company incorporated in 1993 with 33-year operational history; no wilful defaulter or fraud classification on record.
⚠️ Concerns
- 7:1 rights ratio is highly dilutive; existing shareholders must invest significantly to maintain proportional ownership.
- Letter of Offer filed April 29 but does not disclose financial statements, debt, or profitability metrics for investor evaluation.
📅 Company Track Record
Shakti Press Limited was incorporated May 10, 1993 as a private limited company; name changed to Shakti Press Limited effective April 7, 1994. Company is listed on BSE (Scrip Code 526841). CIN: L22219MH1993PLC071882. Registered office in Nagpur, Maharashtra. No prior public filing history provided.
Based on publicly available historical data. For context only.