Description
BSE notifies extension of Shakti Press Limited's ongoing Rights Issue closing date from May 18 to May 29, 2026, with corresponding extension of the last date for on-market renunciation of rights entitlements.
Summary
BSE has notified trading members of an extension to the ongoing Rights Issue of Shakti Press Limited. The issue closing date has been pushed from Monday, May 18, 2026 to Friday, May 29, 2026. Correspondingly, the last date for on-market renunciation of Rights Entitlements has been extended from Wednesday, May 13, 2026 to Monday, May 25, 2026. This notice is in continuation of earlier Notice No. 20260506-4.
Key Points
- Rights Issue closing date extended by approximately 11 days, from May 18 to May 29, 2026
- Last date for on-market renunciation of Rights Entitlements extended from May 13 to May 25, 2026
- Issue Opening Date remains unchanged at Thursday, May 07, 2026
- This is a continuation of Notice No. 20260506-4
- Issued by Mangesh Tayde, Vice President, BSE
Regulatory Changes
No new regulatory changes introduced. This is an administrative extension of existing Rights Issue timelines for Shakti Press Limited under BSE’s Listing and Business Relationship department.
Compliance Requirements
- Trading members must update their systems and clients with the revised Rights Issue timelines for Shakti Press Limited
- Shareholders wishing to renounce their Rights Entitlements on-market must do so by the new deadline of May 25, 2026
- Shareholders wishing to subscribe or renounce must act before the revised closing date of May 29, 2026
Important Dates
| Event | Revised Date |
|---|---|
| Issue Opening Date | Thursday, May 07, 2026 (unchanged) |
| Last Date for On-Market Renunciation | Monday, May 25, 2026 (extended from May 13, 2026) |
| Issue Closing Date | Friday, May 29, 2026 (extended from May 18, 2026) |
Impact Assessment
The extension provides existing shareholders of Shakti Press Limited additional time to evaluate and act on their Rights Entitlements, whether through subscription or on-market renunciation. The impact is limited to participants in this specific Rights Issue. Trading members and eligible shareholders should update their timelines accordingly. The extension may indicate lower-than-expected subscription uptake, prompting the company to allow more time for participation.
Impact Justification
Affects existing shareholders and investors participating in the Shakti Press Rights Issue; extension provides additional time but is limited to one company's corporate action.