Shakti Press Ltd has extended the closing date of its ongoing rights issue to May 29, 2026, from the earlier deadline of May 18, 2026, according to regulatory filings submitted to BSE. The company informed stock exchanges that its Rights Issue Committee approved the extension during a meeting held on May 11, 2026. The rights issue had originally opened on May 7, 2026, and was initially scheduled to close on May 18, 2026. The extension was implemented to provide eligible shareholders with a wider window to exercise their rights entitlement under the issue.
The stock rose almost 5% to its day's high of ₹28.14 on BSE following the announcement of the extended timeline, as reported by LiveMint. The positive market reaction reflects investor confidence in the extended participation window for shareholders in the rights issue process.
Along with extending the issue closing date, Shakti Press also revised the indicative timetable for post-issue activities, according to the updated schedule shared in the filing. The last date for on-market renunciation of rights entitlements has been revised to May 25, 2026, while the issue will now close on May 29, 2026. The company stated that the basis of allotment is expected to be finalised on or around June 1, 2026, while allotment of shares is likely to take place on June 2, 2026.
Shakti Press clarified that there would be no changes in the Letter of Offer (LOF), Composite Application Form (CAF), and Abridged Letter of Offer (ALOF) dated April 29, 2026, except for changes in dates related to market renunciation and issue closure. The company stated in the filing that there is no change in the LOF, CAF and ALOF dated April 29, 2026 except for change in date for Market Renunciation of Right Entitlements and Issue Closing Date and resultant change in indicative timetable of post issue activities.
According to the updated schedule, credit of rights equity shares is expected on June 3, 2026, and listing of the shares is tentatively scheduled for June 4, 2026. The company emphasized that the extension was approved in order to provide an opportunity to shareholders to exercise their rights in the Rights Issue, giving eligible shareholders additional time to participate in the offering process.
