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Bhandari Hosiery Exports Limited announced that its Board of Directors, in a meeting held on January 2, 2026, approved a Rights Issue to raise ₹49.30 crore in fresh equity funds. These funds will be utilized to strengthen long-term working capital requirements (₹34.00 crore), reduce long-term loans (₹6.87 crore), for general corporate purposes (₹7.43 crore), and to cover issue-related expenses (approximately ₹1.00 crore).

The company also confirmed that Bombay Stock Exchange will be requested to act as the Designated Stock Exchange for the upcoming Rights Issue. A Rights Issue Committee (RIC) has been formed to oversee subsequent decisions, including the allotment of shares, appointment of professionals and intermediaries, and finalization of the terms of the Rights Issue. The RIC will comprise Ms. Komal Bhalla (Independent Director and Chairperson of the Audit Committee) as Chairperson, Ms. Alka Gambhir (Independent Director), and Mr. Nitin Bhandari (Chairman & Managing Director).

The CFO and CS & Compliance Officer will assist the RIC. The next meeting of the RIC is scheduled for January 14, 2026, to approve the Draft Letter of Offer and authorize its submission to the stock exchanges for in-principle approval. The Board meeting commenced at 3:00 p.m. and concluded at 4:35 p.m.