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Bhandari Hosiery Exports Ltd ( (IN:BHANDARI) ) has issued an announcement.
Bhandari Hosiery Exports Ltd has approved the allotment of 92,906,781 equity shares through a rights issue at a price of Rs 2.56 per share, including a premium of Rs 1.56, following the basis of allotment finalized in consultation with BSE and the registrar. As a result of this capital-raising move, the company’s paid-up equity share capital will rise from about Rs 24.00 crore to approximately Rs 33.30 crore, strengthening its equity base ahead of the planned listing of the newly issued shares, which could enhance liquidity and support future growth initiatives.
The rights issue committee met on 23 March 2026 to finalize the allotment, marking a significant step in completing the ongoing fundraising process and signaling management’s intent to bolster the balance sheet. For shareholders and prospective investors, the expanded capital base and forthcoming listing of the rights shares may influence ownership structure, trading volumes, and the company’s financial flexibility within the competitive textile export sector.
More about Bhandari Hosiery Exports Ltd
Bhandari Hosiery Exports Ltd is an India-based textile company operating in the hosiery and apparel segment, with its registered office in Ludhiana, Punjab, a major knitwear and garment hub. The company focuses on manufacturing and exporting hosiery products, positioning itself within the broader garments and textile export industry serving domestic and international markets.
Average Trading Volume: 99,580
Technical Sentiment Signal: Sell
Current Market Cap: 1.11B INR
For a thorough assessment of BHANDARI stock, go to TipRanks’ Stock Analysis page.