Ratnaveer Precision Engineering Limited (RATNAVEER) — Board Meeting | 26 August 2026(2 announcements)

Ratnaveer Precision Engineering Limited announced a rights issue of 1,24,99,669 fully paid-up equity shares at ₹264 per share (including a ₹254 premium), aggregating to ₹329.99 crores, with a record date of August 26, 2026. The issue opens on September 2, 2026, and closes on September 9, 2026, offering 7 rights shares for every 40 shares held. The company raised ₹329.99 crores gross proceeds, with ₹327.99 crores net, to fund working capital and general corporate purposes, including a new copper clad laminate manufacturing project. The issue received in-principle approval from BSE and NSE, and allotment will be finalized on September 10, 2026, with listing on September 15, 2026. The company emphasized compliance with SEBI ICDR Regulations and Companies Act, 2013, and highlighted risks including geopolitical tensions, supply chain disruptions, and customer concentration. Key investor risks include high customer concentration (top 10 customers contribute 56% of sales), reliance on imports, and operational vulnerabilities in Gujarat manufacturing facilities.

The board approved a rights issue opening on September 2, 2026, with renunciation closing September 3 and issue closing September 9, 2026, and will dispatch the offer letter shortly.