Healthy Life Agritec Limited’s Board of Directors has approved a plan to raise up to ₹5,000 Lakhs (₹500 Crore) through a rights issue of partly paid-up equity shares. The decision, made during a board meeting on September 23, 2026, aims to secure necessary funding, subject to regulatory approvals. The specific terms of the issue, including the price and ratio, will be determined by a newly formed Rights Issue Committee.
Healthy Life Agritec Eyes Capital Infusion
In a significant move to bolster its financial resources, Healthy Life Agritec Limited has announced its board’s approval for a rights issue. The company plans to raise funds by issuing partly paid-up equity shares with a face value of ₹10 each.
Fundraising Target and Rationale
The proposed fundraising aims to generate an amount not exceeding ₹5,000 Lakhs, which translates to ₹500 Crore. This capital infusion is intended to support the company’s growth and operational needs. The approval was granted during a board meeting held on Wednesday, September 23, 2026.
Terms and Committee Formation
The specific details of the rights issue, including the issue price, rights entitlement ratio, record date, and payment terms, are yet to be finalized. These crucial aspects will be determined by the Board and its newly constituted Rights Issue Committee. The committee members include Divya Mojjada (Chairperson), Mohammed Sadiq, and Apra Sharma.
Regulatory Approvals Pending
The issuance is contingent upon receiving necessary statutory and regulatory approvals, including those from the Securities and Exchange Board of India (SEBI) under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The company is also awaiting in-principle approval from the Stock Exchange for the number of equity shares to be issued.
Meeting Details
The board meeting commenced at 12:00 P.M. IST and concluded at 1:45 P.M. IST on September 23, 2026.
Source: BSE
