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Bhandari Hosiery Exports Ltd ( (IN:BHANDARI) ) has provided an announcement.
Bhandari Hosiery Exports Ltd’s board has approved raising Rs 49.30 crore through a rights issue to strengthen long-term working capital, reduce long-term debt, and fund general corporate purposes and issue-related expenses. The board has resolved to designate BSE as the lead stock exchange for the issue, and set up a three-member Rights Issue Committee, supported by the CFO and company secretary, to handle key decisions including appointment of intermediaries, monitoring agency, and approval of the draft letter of offer, with the committee scheduled to meet on 14 January 2026 to move the process forward.
More about Bhandari Hosiery Exports Ltd
Bhandari Hosiery Exports Ltd, based in Ludhiana, Punjab, operates in the textile and apparel sector, focusing on hosiery products and exports. The company is listed on both BSE and NSE, reflecting a capital-market oriented approach to funding its growth and working capital needs.
Average Trading Volume: 38,334
Technical Sentiment Signal: Sell
Current Market Cap: 955.4M INR
See more insights into BHANDARI stock on TipRanks’ Stock Analysis page.