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Bhandari Hosiery Exports Ltd ( (IN:BHANDARI) ) has provided an announcement.
Bhandari Hosiery Exports Limited has completed the allotment of 929,06,781 equity shares under its rights issue, priced at Rs. 2.56 per share including a premium, following the basis of allotment finalized with BSE and the registrar. As a result, the company’s paid-up equity share capital has risen from about Rs. 24 crore to roughly Rs. 33.30 crore, and it will now move to list the newly allotted shares, bolstering its capital base and potentially strengthening its financial flexibility for future operations.
The rights issue allotment, approved by the Rights Issue Committee at a meeting held on March 23, 2026, marks a significant capital-raising milestone for the hosiery exporter. The increase in equity capital is expected to have implications for existing shareholders through dilution but may enhance the company’s ability to fund growth initiatives and improve its positioning in the competitive textile export market once the new shares are listed.
More about Bhandari Hosiery Exports Ltd
Bhandari Hosiery Exports Limited is an Indian textile company based in Ludhiana, Punjab, operating in the hosiery and garment exports segment. The company focuses on manufacturing and exporting knitwear and related apparel products, catering to both domestic and international markets through its listing on BSE and NSE.
Average Trading Volume: 99,580
Technical Sentiment Signal: Sell
Current Market Cap: 1.11B INR
Learn more about BHANDARI stock on TipRanks’ Stock Analysis page.