Key Corp Limited’s Board of Directors has approved a Rights Issue to raise up to ₹15 Crores. The funds will be raised through the issuance of fully paid-up Equity Shares at a face value of ₹10/- each. The issuance is intended for Eligible Equity Shareholders as of a to-be-determined record date. The Board has also constituted a Rights Issue Committee to oversee the process.
Key Corp Limited Board Approves Rights Issue
The Board of Directors of Key Corp Limited, in a meeting held on Thursday, August 20, 2026, has approved the proposal to raise funds through a Rights Issue. This strategic move aims to secure up to ₹15 Crores by issuing fully paid-up Equity Shares. Each share will have a face value of ₹10/-.
Issue Details and Committee Formation
The Rights Issue will be offered to the Eligible Equity Shareholders of the Company. The specific record date for determining eligibility will be announced subsequently. The decision is in accordance with the Companies Act, 2013, and relevant SEBI regulations, subject to necessary regulatory approvals. To facilitate this process, the Board has constituted a Rights Issue Committee. This committee will be responsible for deciding critical aspects such as the issue price, rights entitlement ratio, record date, and the overall timing and payment terms of the Rights Issue, as well as the appointment of intermediaries.
Disclosure Compliance
Disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been made. The information pertains to the type of securities (fully paid-up equity shares), the type of issuance (rights issue to eligible shareholders), and the total amount for which securities will be issued (not exceeding ₹15 Crores). The exact number of securities and issue price will be finalized by the Board or the Rights Issue Committee.
Source: BSE
