The textile manufacturer said the rights issue will be offered to eligible shareholders on a record date to be announced later, subject to regulatory and statutory approvals. The board has constituted a Securities Issuance Committee to determine the issue price, rights entitlement ratio, record date, payment schedule and other terms of the issue.
Authorised share capital to be increased
The board also approved increasing the company’s authorised share capital from ₹101 crore to ₹146 crore, subject to shareholder approval at the forthcoming annual general meeting (AGM) and other regulatory clearances. The proposal includes an amendment to the capital clause of the company’s Memorandum of Association.
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Other board decisions
Among other decisions, the board approved the reappointment of Amit Yamunadutt Agarwal as Vice Chairman and Managing Director, with effect from September 3, 2026, subject to shareholder approval.
The company also fixed September 1, 2026, as the date for its 40th AGM, which will be held through video conferencing or other audio-visual means. Shareholders will also consider proposals relating to the increase in authorised share capital and the managing director’s reappointment at the meeting.
The fundraising approval comes after Jindal Worldwide reported a strong rise in earnings for the quarter ended June 2026. Net profit increased 85.8% year-on-year to ₹32.4 crore from ₹17.4 crore, while revenue rose 2.7% to ₹554.7 crore from ₹539.9 crore.
Shares of Jindal Worldwide were trading at ₹38.52 on Friday, up 0.05%. The stock has gained more than 31% over the past month, around 44% over the last three months and nearly 33% so far this year. Over the past year, it is up about 8%, although it remains down more than 42% over the last three years.
