Description

NSE extends the closure date of Silgo Retail Limited's rights issue from February 04, 2026 to February 12, 2026 to provide shareholders more time to exercise their rights.

Summary

The National Stock Exchange of India Limited has issued an addendum extending the closure date of the rights issue of Silgo Retail Limited. The issue, which opened on January 14, 2026 and was originally scheduled to close on February 04, 2026, has now been extended to February 12, 2026. The Board of Directors approved this extension in their meeting held on January 27, 2026 to provide eligible shareholders with additional time to exercise their rights.

Key Points

  • Rights issue involves 73,81,359 partly paid-up equity shares of face value ₹10 each
  • Issue price: ₹60 per equity share (₹10 face value + ₹50 premium)
  • Total issue size: ₹4,428.82 lakhs (assuming full subscription)
  • Rights ratio: 3 equity shares for every 10 fully paid-up equity shares held
  • Record date: January 05, 2026
  • Original issue period: January 14, 2026 to February 04, 2026
  • Extended closure date: February 12, 2026
  • Payment structure: ₹30 on application (₹5 face value + ₹25 premium), ₹30 on subsequent call(s)

Regulatory Changes

No regulatory framework changes. This is a procedural extension of an existing rights issue timeline.

Compliance Requirements

  • Eligible equity shareholders must submit duly filled application forms along with applicable payment by the extended deadline of February 12, 2026
  • Application forms must be accompanied by the amount payable on application (₹30 per share)
  • Shareholders entitled to apply should refer to the original Letter of Offer dated January 02, 2026 for complete details

Important Dates

  • Record Date: January 05, 2026 (Monday)
  • Issue Opening Date: January 14, 2026 (Wednesday)
  • Original Closure Date: February 04, 2026 (Wednesday)
  • Extended Closure Date: February 12, 2026 (Thursday)
  • Board Meeting Date (approving extension): January 27, 2026 (Tuesday)
  • Last Date for Application Submission: February 12, 2026 (Thursday)

Impact Assessment

Market Impact: Limited to shareholders of Silgo Retail Limited. The extension provides additional 8 calendar days for shareholders to participate in the rights issue, potentially increasing subscription rates.

Shareholder Impact: Positive for eligible shareholders who need additional time to arrange funds or make investment decisions regarding the rights offering. The partly paid-up structure allows shareholders to pay ₹30 initially with remaining ₹30 due on subsequent call(s).

Company Information: Silgo Retail Limited (CIN: L32111RJ2016PLC049036) is a Jaipur-based company with registered office at B-11, Mahalaxmi Nagar, Jawahar Lal Nehru Marg, Jaipur - 302 017, Rajasthan. Promoters are Nitin Jain and Bela Agrawal.

Impact Justification

Extension of rights issue deadline impacts shareholders' ability to participate in the offering but is limited to one specific company