Bhandari Hosiery Exports to Raise ₹49.30 Crore Via Rights Issue
Bhandari Hosiery Exports Limited announced that its Board of Directors, in a meeting held on January 2, 2026, approved the raising of fresh equity funds amounting to ₹49.30 crores through a Rights Iss...
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Why is Bhandari Hosiery Exports Limited in the news today?
Bhandari Hosiery Exports Limited (BHANDARI) is in the news due to the announcement is positive as the company is raising funds to strengthen its working capital and reduce debt, which are generally seen as beneficial for financial health.
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Bhandari Hosiery Exports to Raise ₹49.30 Crore Via Rights Issue
January 2, 2026, 11:13 AM
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Bhandari Hosiery Exports Limited announced that its Board of Directors, in a meeting held on January 2, 2026, approved the raising of fresh equity funds amounting to ₹49.30 crores through a Rights Issue (2026).
The funds are intended to strengthen the company's long-term working capital requirements (₹34.00 crores), reduce long-term loans (₹6.87 crores), for general corporate purposes (₹7.43 crores), and to cover issue-related expenses (approximately ₹1.00 crore).
The Board also confirmed that the Bombay Stock Exchange will be requested to act as the Designated Stock Exchange for the Rights Issue. Furthermore, a Rights Issue Committee (RIC) was discussed and will be formed to handle subsequent decisions regarding share allotment, appointment of professionals and intermediaries, and finalization of the terms of the Rights Issue. The RIC will comprise Ms. Komal Bhalla (Independent Director) as Chairperson, Ms. Alka Gambhir (Independent Director), and Mr. Nitin Bhandari (Chairman & Managing Director).
The next meeting of the RIC is scheduled for January 14, 2026, to approve the Draft Letter of Offer and authorize its submission for in-principle approval from the stock exchanges. The Board meeting commenced at 3:00 p.m. and concluded at 4:35 p.m.
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