Bhandari Hosiery Exports Announces ₹49.30 crore Rights Issue; Fixes 25 February 2026 as Record Date

Bhandari Hosiery Exports Limited has announced a proposed ₹49.30 crore rights issue and, in a board meeting held on 19 February 2026, fixed Wednesday, 25 February 2026 as the record date to determine shareholders eligible to participate. The company has informed the same to the stock exchanges in line with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bhandari Hosiery Exports Limited is engaged in the manufacture and export of hosiery garments and related textile products. The company’s equity shares are listed on both BSE and NSE.

The meeting commenced at 10:00 am and concluded at 11:00 am.

Rights Issue Details: 19.2 Crore Shares at ₹2.56 Each, 

The Rights Issue Committee approved the issuance of 19,20,39,722 fully paid equity shares of face value Re. 1/- each at an issue price of ₹2.56 per share (including a premium of ₹51.56). The entitlement ratio is set at 4 shares for every 5 shares held by existing shareholders, with the option to renounce fractional entitlements.

Key Schedule of the Rights Issue:

• Issue Opening Date: Friday, 6 March 2026
• Last Date for On-Market Renunciation: Monday, 16 March 2026
• Last Date for Off-Market Renunciation: Thursday, 19 March 2026
• Issue Closing Date: Friday, 20 March 2026

The company stated that the Rights Issue Committee will have the right to extend the Issue period as it may determine from time to time but not exceeding 30 (thirty) days from the Issue Opening Date (inclusive of the Issue Opening Date).

Record Date Set as 25 February 2025 to Determine Eligible Shareholders

The board has designated 25 February 2026 as the cut-off date for identifying equity shareholders entitled to apply for shares in the forthcoming rights issue. Shareholders whose names appear in the register of members or as beneficial owners in depository records as of that date will be eligible to receive Rights Entitlements.

The company also referred to SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated 22 January 2020, under which it has made arrangements with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for credit of Rights Entitlements in dematerialised form.

Rights Entitlements will be credited to eligible shareholders’ demat accounts prior to the issue opening date. The company said it is in the process of obtaining a fresh ISIN specifically for the rights issue.

Relevant documents, including the Composite Application Form and Rights Entitlement Letters will be dispatched by the Registrar and Share Transfer Agent (RTA) to the Eligible Equity Shareholders of the Company as on the Record Date in due course and as per the prescribed process.

With the record date now set, eligible shareholders as of 25 February 2026 will receive Rights Entitlements in demat form ahead of the issue opening. Further details, including pricing and subscription schedule, are expected to be disclosed in due course through statutory filings.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/d265eba6-c07d-4c28-bd47-9d71bf7eefc3.pdf
• https://nsearchives.nseindia.com/corporate/BHANDARI_19022026115341_outcome_RI_190226.pdf