The Board of Directors of HealthCare Global Enterprises Limited (HCG) has approved the terms for a Rights Issue of equity shares, set to raise up to ₹4,246.82 Lakhs. The issue price is fixed at ₹512 per share. Eligible shareholders as of the Record Date will receive Rights Entitlements (REs) for application or renunciation. Key dates, including the opening date of March 11, 2026, and the finalization of allotment on March 27, 2026, have been established.
Confirmation of Rights Issue Terms
Following up on the prior intimation dated February 17, 2026, the Board of Directors of HealthCare Global Enterprises Limited met on February 24, 2026, to finalize the parameters for the proposed Rights Issue. The issue aims to raise funds not exceeding ₹42,500.00 Lakhs through the issuance of fully paid-up equity shares with a face value of ₹10 each.
Key Financial Details of the Issue
The Board approved the following definitive terms for the Rights Issue:
- Total Shares and Size: 82,94,566 Rights Equity Shares are being issued for an aggregate amount of ₹42,468.18 Lakhs, assuming full subscription.
- Rights Issue Price: The price is set at ₹512 per Rights Equity Share, which includes a premium of ₹502 per share.
Entitlement and Trading Mechanism
Shareholders holding equity shares as of the Record Date will receive Rights Entitlements (REs), credited to their demat accounts prior to the issue opening. The ISIN for these REs is INE075120017. RE Holders have the option to apply for the Rights Issue or renounce the REs either in full or in part. Renunciation can occur through the secondary market platform or an off-market transfer.
Critical Timeline for Shareholders
The Company has established a definitive schedule for the Rights Issue process:
- Record Date: Monday, March 02, 2026.
- Issue Opening Date: Wednesday, March 11, 2026.
- Last Date for On-Market Renunciation: Friday, March 20, 2026.
- Issue Closing Date: Wednesday, March 25, 2026.
- Finalization of Basis of Allotment: Friday, March 27, 2026.
- Date of Credit of Rights Equity Shares: Monday, March 30, 2026.
- Date of Listing of Rights Equity Shares: Wednesday, April 01, 2026.
Equity Structure Post-Issue
The proposed Rights Issue will impact the outstanding equity share capital as follows:
- Prior to Rights Issue: 141,007,637 Equity Shares.
- Post Rights Issue (Assuming full subscription): 149,302,203 Equity Shares.
Furthermore, the Rights Entitlement Ratio is defined as one (1) Rights Equity Share for every seventeen (17) fully paid-up Equity Shares held on the Record Date.
Board Approval and Filing
The Board also sanctioned the submission of the Letter of Offer to the relevant regulatory bodies. The Board meeting commenced at 5.00 p.m. and concluded at 7.50 p.m. on the announcement date.
Source: BSE
