Fratelli Vineyards to Raise ₹30 Crore via Rights Issue; Appoints Hemant Arora as CFO

Key numbers

Issue Size	₹30.00 CrMaximum Amount
Market Cap	₹551.97 CrSmall Cap
Revenue TTM	₹161.16 CrLTM Operations
Promoter Holding	57.19%No Pledge

Key highlights

• Board approved fundraising of up to ₹30 crore via a Rights Issue of partly-paid equity shares
• Hemant Arora appointed as Chief Financial Officer and Key Managerial Personnel effective October 1, 2026
• Outgoing CFO Rajesh Kumar Garg resigned effective close of business hours on September 30, 2026
• Rights Issue Committee authorized to finalize the issue price, ratio, and record date
• The capital raise follows the company's rebranding from Tinna Trade Limited to Fratelli Vineyards

Details of the Rights Issue

The Board of Directors of Fratelli Vineyards Limited has sanctioned the issuance of partly paid-up equity shares to eligible shareholders on a rights basis. The total fundraise is capped at ₹30 crore, intended to strengthen the company's capital base. A specialized 'Rights Issue Committee' has been constituted to determine the specific terms of the offering, including the entitlement ratio, issue price, and the schedule for subsequent call payments.

This capital action is subject to necessary regulatory approvals and compliance with SEBI's Issue of Capital and Disclosure Requirements Regulations.

Strategic Leadership Transition

In tandem with the funding announcement, the company confirmed a shift in its financial leadership. Hemant Arora, a Chartered Accountant with over 15 years of experience, has been elevated to the role of Chief Financial Officer. Arora has been with Fratelli Vineyards for 14 years, providing him with an extensive understanding of the firm's financial architecture and operational processes.

He succeeds Rajesh Kumar Garg, who stepped down from the position on September 30, 2026, citing personal reasons after the board formally acknowledged his contributions during his tenure.

Business Overview and Financial Context

• The company, formerly known as Tinna Trade Limited, has pivoted its core focus toward the vineyard and wine production segment.
• Reported quarterly operating revenue reached ₹36.95 crore for the period ending June 2026, a 23.95% sequential increase.
• The TTM net loss stands at ₹22.76 crore, reflecting a period of transition and intensive investment in the brand.
• Promoter holding remains steady at 57.19%, with zero shares pledged as of the latest reporting cycle.
• The stock is trading with a Day RSI of 50.05, placing it in a neutral momentum zone as it seeks to stabilize following its recent rebranding.

Industry Context

Operating within the commercial services and supplies sector, Fratelli Vineyards is navigating a competitive landscape in the Indian alcoholic beverages market. The capital raise via rights issue is a common strategy for mid-sized firms looking to deleverage or fund expansion while rewarding existing shareholders. While the industry has seen varying growth trends, the company's recent 28.98% YoY quarterly revenue growth outpaces some segments of the broader commodity distribution sector, though high valuation multiples and current net losses remain key monitoring points for analysts.

Fratelli Vineyards · financial snapshot

Share price	₹127.1
Market capitalisation	₹551.97
Revenue (annual)	₹152.85
Net profit (annual)	₹-24.91
P/E (TTM)	-24.26×Sector 41.15×
Promoter holding	57.19%0.00% QoQ
FII holding	0.48%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.