Libas Consumer Products Limited announced on June 2, 2026, that its Board of Directors has approved the fundraising through a rights issue. The company plans to issue equity shares with a face value of ₹10 each, aiming to raise an aggregate amount not exceeding ₹14.50 crore (Rupees Fourteen crore fifty lakh only). The rights issue will be offered to eligible equity shareholders of the company as on a to-be-notified record date. The terms and conditions of the issue are subject to the approval of the Board of Directors or the Rights Issue Committee, and will also require applicable regulatory and statutory approvals, including those from SEBI and adherence to the Companies Act, 2013. The company also announced the constitution of a Rights Issue Committee, comprising Mr. Riyaz Ganji, Mr. Nishant Mahimtura, and Mr. Ashish Dubey. This committee will be empowered to carry out all necessary activities for the completion of the proposed rights issue. Detailed terms and the application procedure will be provided in the Letter of Offer, which will be sent to eligible shareholders in due course.
