The Board of Directors of HealthCare Global Enterprises Limited has approved the terms for a Rights Issue of equity shares, aiming to raise up to ₹4,246.82 Lakhs. The issue price is set at ₹512 per share (including a premium of ₹502). The Rights Entitlement Ratio is 1 share for every 17 held, with the issue opening on March 11, 2026, and closing on March 25, 2026. The record date for eligibility is March 2, 2026.
Approval of Rights Issue Terms
Further to the previous intimation on February 17, 2026, the Board of Directors of HealthCare Global Enterprises Limited met today, February 24, 2026, and finalized the terms for the proposed Rights Issue. This action is intended to raise capital up to an aggregate amount not exceeding ₹42,500.00 Lakhs.
Key Financial and Structural Details
The Board approved the following definitive terms for the issuance of fully paid-up equity shares with a face value of ₹10 each:
- Total Issue Size (Assuming Full Subscription): 82,94,566 Rights Equity Shares, aggregating to ₹42,468.18 Lakhs.
- Rights Issue Price: ₹512 per share (comprising a face value component and a premium of ₹502).
- Rights Entitlement Ratio: Eligible shareholders will receive 1 (One) Rights Equity Share for every 17 (Seventeen) fully paid-up Equity Shares held as of the Record Date.
Timeline and Entitlement Mechanics
The necessary arrangements for crediting Rights Entitlements (REs) to the demat accounts (ISIN: INE075120017) have been completed. The critical dates for the Rights Issue process are as follows:
- 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.
- Date of Listing of Rights Equity Shares: Wednesday, April 1, 2026.
Shareholders must apply for the Rights Issue by paying the full amount on or before the Issue Closing Date; otherwise, unapplied REs will lapse. The company also approved the filing of the Letter of Offer with the relevant authorities.
Impact on Equity Capital
The structure anticipates a significant increase in the total number of shares outstanding, assuming full subscription:
- Outstanding Equity Shares Prior to Issue: 141,007,637 Equity Shares.
- Outstanding Equity Shares Post Issue (Assuming Full Subscription): 149,302,203 Equity Shares.
The Board meeting commenced at 5.00 p.m. and concluded at 7.50 p.m. on February 24, 2026.
Source: BSE
