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Bhandari Hosiery Exports Ltd ( (IN:BHANDARI) ) has issued an announcement.
Bhandari Hosiery Exports Ltd’s board has approved a rights issue to raise Rs 49.30 crore in long-term equity, primarily to strengthen working capital, reduce long-term debt, and fund general corporate purposes, alongside meeting issue-related expenses. The board has designated BSE as the lead stock exchange for the issue and set up a three-member Rights Issue Committee, supported by the company’s CFO and compliance team, to oversee key aspects such as investor allotments, appointment of intermediaries and a monitoring agency, and approval of the draft offer document, with the committee scheduled to meet on 14 January 2026 to advance regulatory approvals and execution of the capital-raising plan.
More about Bhandari Hosiery Exports Ltd
Bhandari Hosiery Exports Ltd is a Ludhiana-based textile company engaged in the hosiery and garments sector, focusing on manufacturing and exporting knitwear products. Listed on both BSE and NSE, the company operates in the apparel export market, supplying knitted fabrics and garments to domestic and international buyers.
Average Trading Volume: 38,334
Technical Sentiment Signal: Sell
Current Market Cap: 955.4M INR
For an in-depth examination of BHANDARI stock, go to TipRanks’ Overview page.