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Bhandari Hosiery Sets Feb 25, 2026 as Record Date for Rights Issue
Bhandari Hosiery Exports Limited has officially fixed February 25, 2026, as the record date for its upcoming rights issue. This date will determine the eligibility of shareholders to receive Rights Entitlements (REs) for purchasing additional equity shares. The company is currently in the process of obtaining a fresh ISIN and coordinating with NSDL and CDSL for the digital credit of these entitlements. This procedural step is essential for the execution of the company's capital raising plans.
Key Highlights
Record date for the Rights Issue is fixed as Wednesday, February 25, 2026.
Rights Entitlements will be credited to eligible shareholders' demat accounts prior to the issue opening.
The company is obtaining a fresh ISIN specifically for the purpose of this Rights Issue.
The announcement complies with Regulation 42 of SEBI LODR and Regulation 68 of SEBI ICDR.
💼 Action for Investors
Existing shareholders should monitor the specific rights price and ratio to decide whether to subscribe, sell their entitlements, or let them lapse. Ensure shares are in the demat account by the record date to be eligible for the offer.
Bhandari Hosiery to Raise Rs 49.30 Cr via Rights Issue at Rs 2.56 per Share
Bhandari Hosiery Exports has finalized the terms for its Rights Issue to raise up to Rs 49.30 crores. The company will issue 19.20 crore shares at a price of Rs 2.56 per share, which represents a significant expansion of the equity base. The rights ratio is fixed at 4:5, and the record date for eligibility is February 25, 2026. The issue will be open for subscription from March 6 to March 20, 2026.
Key Highlights
Total fundraise of Rs 49.30 crores through the issuance of 19,20,39,722 equity shares
Rights entitlement ratio set at 4 equity shares for every 5 shares held as of the record date
Issue price fixed at Rs 2.56 per share (Face Value Re 1 + Premium Rs 1.56)
Record date for determining eligible shareholders is Wednesday, February 25, 2026
Post-issue equity capital will increase from 24.00 crore shares to 43.21 crore shares
💼 Action for Investors
Investors should monitor the market price relative to the rights price of Rs 2.56; if the market price is significantly higher, subscribing or selling rights entitlements may be beneficial. Note the record date of Feb 25 to ensure eligibility for the 4:5 ratio offer.
Bhandari Hosiery Receives In-Principle Approval for Rs 49.30 Crore Rights Issue
Bhandari Hosiery Exports Limited has received in-principle approval from both BSE and NSE for its proposed Rights Issue of equity shares aggregating up to Rs 49.30 Crores. Following this regulatory milestone, the company has scheduled a Right Issue Committee meeting for February 19, 2026, to finalize critical terms. During this meeting, the committee will determine the offer price, the entitlement ratio, and the record date for the issue. This capital infusion is a significant step for the company's financial planning and growth strategy.
Key Highlights
Received in-principle approval from NSE and BSE on February 18, 2026, for a Rights Issue.
Total fundraise amount is fixed at an aggregate of up to Rs 49.30 Crores.
Committee meeting scheduled for February 19, 2026, to decide on Offer Price and Rights Ratio.
The Record Date for determining eligible shareholders will be finalized in the upcoming meeting.
MUFG Intime India Private Limited is appointed as the Registrar and Transfer Agent (RTA) for the issue.
💼 Action for Investors
Existing shareholders should monitor the announcement on February 19 for the offer price and ratio to assess the potential dilution and attractiveness of the discount. Evaluate the company's growth prospects before deciding to subscribe to the rights entitlement.
Bhandari Hosiery Q3 Net Profit Rises 8% YoY to ₹2.18 Cr Despite 6% Revenue Decline
Bhandari Hosiery Exports reported a mixed performance for Q3 FY26, with net profit increasing by 8.2% YoY to ₹2.18 crore. This profit growth came despite a 6.3% decline in revenue from operations, which fell to ₹59.05 crore from ₹63.00 crore in the same quarter last year. For the nine-month period, the company showed stronger bottom-line growth of 15%, reaching a net profit of ₹5.88 crore. The results indicate improved margin management as expenses were curtailed more significantly than the revenue drop.
Key Highlights
Net Profit for Q3 FY26 stood at ₹2.18 crore, up 8.2% from ₹2.02 crore in Q3 FY25.
Revenue from operations decreased by 6.3% YoY to ₹59.05 crore compared to ₹63.00 crore in the previous year.
Nine-month net profit (Apr-Dec 2025) grew 15% YoY to ₹5.88 crore from ₹5.12 crore.
Total expenses for the quarter were reduced to ₹56.41 crore from ₹60.22 crore in the year-ago period.
Basic EPS for the quarter improved slightly to ₹0.09 from ₹0.08 YoY.
💼 Action for Investors
Investors should monitor if the company can sustain profit growth through cost efficiencies while addressing the stagnation in revenue. The stock remains a watch for signs of top-line recovery in the textile export segment.
Bhandari Hosiery Approves Draft Letter of Offer for Rs 49.30 Crore Rights Issue
Bhandari Hosiery Exports Limited has approved the Draft Letter of Offer (DLOF) for a proposed Rights Issue of up to Rs 49.30 Crores. The company plans to issue fully paid-up equity shares to its existing shareholders as of a future record date. The specific ratio, issue price, and other terms will be determined by the Rights Issue Committee at a later stage. The company is now seeking in-principle approval from the stock exchanges for the issuance.
Key Highlights
Approved Draft Letter of Offer (DLOF) for a Rights Issue aggregating up to Rs 49.30 Crores.
The issue will be offered to existing equity shareholders as of a record date to be fixed later.
Authorized the filing of the DLOF with BSE and NSE for necessary in-principle approvals.
Recorded the appointment of various intermediaries to manage the Rights Issue process.
💼 Action for Investors
Investors should monitor upcoming announcements regarding the rights entitlement ratio and issue price to evaluate the potential for dilution versus growth. Existing shareholders should track the record date to ensure they are eligible for the rights entitlement.
Bhandari Hosiery Board Approves Rs 49.30 Crore Rights Issue for Working Capital and Debt Reduction
Bhandari Hosiery Exports Limited has approved a fundraise of Rs 49.30 crores through a Rights Issue to support its growth and financial health. The majority of the proceeds, Rs 34.00 crores, will be used to strengthen long-term working capital, while Rs 6.87 crores is allocated for debt reduction. A Rights Issue Committee has been formed to finalize the terms, with a follow-up meeting scheduled for January 14, 2026, to approve the Draft Letter of Offer. This move indicates a strategic push to improve liquidity and reduce interest burdens.
Key Highlights
Board approved raising Rs 49.30 crores through a Rights Issue (2026)
Rs 34.00 crores earmarked for strengthening long-term working capital requirements
Rs 6.87 crores allocated for the reduction of existing long-term loans
Rights Issue Committee (RIC) formed to finalize allotment and terms by mid-January
Next RIC meeting scheduled for January 14, 2026, to approve the Draft Letter of Offer
💼 Action for Investors
Investors should watch for the announcement of the rights price and entitlement ratio on January 14 to assess the dilution impact. The focus on debt reduction and working capital is a positive sign for the company's operational stability.
Bhandari Hosiery Board Approves ₹49.30 Crore Rights Issue
Bhandari Hosiery Exports Limited has approved raising ₹49.30 crores through a Rights Issue to strengthen its financial position. The proceeds are primarily allocated towards ₹34.00 crores for long-term working capital and ₹6.87 crores for the reduction of long-term debt. A Rights Issue Committee (RIC) has been formed to oversee the process, with a follow-up meeting scheduled for January 14, 2026, to approve the Draft Letter of Offer. This capital infusion is intended to improve liquidity and reduce interest burdens.
Key Highlights
Board approved raising ₹49.30 crores through a Rights Issue (2026).
₹34.00 crores allocated for strengthening long-term working capital requirements.
₹6.87 crores designated for the reduction of existing long-term loans.
Rights Issue Committee (RIC) formed to finalize terms and oversee the allotment process.
RIC meeting scheduled for January 14, 2026, to approve the Draft Letter of Offer (DLOF).
💼 Action for Investors
Investors should monitor the upcoming RIC meeting on January 14 for details on the rights price and entitlement ratio. The focus on debt reduction and working capital is a positive signal for operational efficiency.
Bhandari Hosiery to Consider Rs 50 Cr Fundraise via Rights Issue on Jan 2
Bhandari Hosiery Exports Limited has scheduled a Board Meeting on January 2, 2026, to deliberate on a proposal for raising long-term equity funds. The company intends to raise up to Rs 50 crore through a Rights Issue, with the primary objective of strengthening its working capital requirements. The Board will also consider forming a Rights Issue Committee (RIC) to finalize the terms, pricing, and appointment of intermediaries. This move follows the updated SEBI (ICDR) Regulations regarding the conduct of Rights Issues.
Key Highlights
Board meeting scheduled for January 2, 2026, to approve a fundraise of up to Rs 50 crore.
Fundraising to be executed through a Rights Issue to existing shareholders.
Proceeds are earmarked for strengthening the company's working capital position.
A Rights Issue Committee (RIC) will be formed to manage execution and determine final terms.
The process will adhere to SEBI (ICDR) Regulations as modified in April 2025.
💼 Action for Investors
Investors should monitor the January 2nd meeting outcome for specific details on the rights price and entitlement ratio. While the fundraise supports liquidity, the impact on stock price will depend on the discount offered and the resulting equity dilution.